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Keeping Track of Finance Executives

Michael J. Alix, Ray Carney, David E. Mangum, Mark L. Nunneley

By David Corrado | Updated on November 25, 2008

Michael J. Alix, formerly chief risk officer of the former Bear Stearns, was named senior vice president in the bank supervision group of the Federal Reserve Bank of New York. The appointment drew critical media coverage and some public outrage since Bear Stearns was the first investment bank to fail in the financial crisis and was pushed into a bargain-basement deal with JP Morgan Chase by the Fed last March. Alix, will serve as a senior adviser to executive vice president and management committee member William L. Rutledge. Bear’s chief risk officer from 2006 to 2008, Alix was managing director and global head of credit risk management from 1996 to 2006, and previously served eight years at Merrill Lynch.

Ray Carney moves up to vice president, controller and chief accounting officer at Dresser-Rand Group Inc., the $1.7 billion, Houston-based equipment component maker for gas compressors, wind turbines and drilling drives. Carney joined the company in August as controller and has been working with his predecessor Lonnie A. Arnett, 62, who is retiring, to transition responsibilities. Previously, Carney was a group controller for Alcoa.

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