Robert Morris Associates' New President Thinks the Banking Industry Can Use More Risk Management
Weiner, Lisabeth, American Banker
Robert Morris Associates' New President Thinks The Banking Industry Can Use More Risk Management
Banking is a risky business. And it's the risk part of the business that Malcolm T. Murray Jr. appears to have a special affinity for.
"I've spent my career in risk management,' Mr. Murray said in a recent telephone interview. "Risk management is the awareness on the part of management that ours is a truly risky business and our product is the ability to absorb and control that risk.'
Now, Mr. Murray, 41, is about to add another dimension to his career in risk management as he prepares to assume the presidency of the Robert Morris Associates, the 72-year-old national association of bank loan and credit officers.
"I don't expect to revolutionize anything [at Robert Morris Associates]-- RMA operates on a continuum,' Mr. Murray said. "[Still,] the industry can always use more risk management as a discipline.'
For Malcolm T. Murray--nicknamed Mal--risk is definitely where it's at.
Mr. Murray, who takes over his new job at Robert Morris Associates on Sept. 1, has spent his entire professional career at First Union National Bank in Charlotte, N.C. Now, he is executive vice president in charge of credit policy and approval, reporting to the bank's chief executive officer. He is also chairman of the bank's loan policy committee and a member of its funds management and bank management committees.
His overriding responsibility at First Union is to oversee the quality of First Union's loan portfolio.
His primary …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Robert Morris Associates' New President Thinks the Banking Industry Can Use More Risk Management. Contributors: Weiner, Lisabeth - Author. Magazine title: American Banker. Volume: 151. Publication date: August 11, 1986. Page number: 24+. © 2009 SourceMedia, Inc. COPYRIGHT 1986 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.