Eric Holmquist was recruited in July to work as Customers Bank’s new Executive Vice President and Chief Risk Officer, bringing more than 35 years of experience in the financial services sector to the job. He will be responsible for the design and execution of the Wyomissing-based bank’s enterprise risk management program.
Officials said in a statement Friday they are looking to Holmquist to ensure the bank maintains a clearly defined risk appetite by overseeing appropriate frameworks and methodologies to support effective risk identification, mitigation and monitoring.
Holmquist will serve as chair of the Enterprise Risk Management Committee to ensure risks associated with strategy, operations and change management are adequately monitored, and regular reporting is provided to the board of directors, according to a company statement.
Holmquist recently left his post as managing principal of enterprise risk management at Capco, a global financial services consulting firm with headquarters in Belgium. His leadership history at financial services and consulting firms includes executive positions at FIS of Jacksonville, Florida, Accume Partners of New York and Advanta Bank Corp. in Spring House, Pennsylvania.
Customers Bank President and CEO Richard Ehst said he’s excited for Holmquist to join the company at a time of growth.
“Eric will serve as an integral part of the bank’s risk management practice to help us provide the best service and customer experience to our clients, while also increasing value for our investors,” Ehst said.