WASHINGTON — The Office of the Comptroller of the Currency announced today that Ned Pollock has been appointed Deputy Comptroller for Credit and Market Risk.

Mr. Pollock will oversee all activities related to retail and commercial credit risk and joins Kathryn E. Dick, also Deputy Comptroller for Credit and Market Risk, who will continue to oversee all capital markets, asset management and balance sheet management functions. As heads of the Credit and Market Risk Department, they advise OCC’s National Risk Committee and the Committee on Bank Supervision, and provide expertise and support to national bank examiners in the field.

“The events of the past 12 months have underscored the need for policy makers in Washington to have the right people at the table as we develop our regulatory response to market events. Ned is an individual who adds instant credibility and support to that process,” said Tim Long, Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner.

“Ned brings a unique perspective to the Credit and Market Risk team and to the Bank Supervision Policy management team,” Mr. Long added. “His past experiences as an Assistant Deputy Comptroller, a Senior Advisor to the Senior Deputy Comptroller for Bank Supervision, and most recently as Examiner-In-Charge of JPMorgan Chase Bank will strengthen the OCC’s ability to anticipate, identify, and respond effectively to emerging risks and trends throughout the national bank system.”