Umpqua Holdings in Portland, Ore., has named its first chief risk officer.
Dave Shotwell, already the chief credit officer, has been given the additional title of chief risk officer, the $25 billion-asset company said Wednesday.
Shotwell’s additional responsibilities include oversight of Umpqua’s enterprise risk management program, including data governance, compliance and information security.
“Umpqua has reached a size and market position that require a strong, integrated risk management program in order to achieve our long-term financial performance goals,” CEO Cort O’Haver said in a news release.
Shotwell has been Umpqua’s chief credit officer since 2015 and has worked for the company for 15 years.
Umpqua this summer introduced its
