12/06/2008 05:12 am ET Updated May 25, 2011

Senior Risk Officer For Collapsed Bear Stearns Now Senior Fed Official Overseeing Banks

The former chief risk officer at investment bank Bear Stearns , which nearly collapsed in March, is now a senior official of the Federal Reserve division that supervises U.S. banks.

Michael Alix, who worked at Bear Stearns for 12 years and was its senior risk manager since 2006, was named a senior vice president in the bank supervision group of the Federal Reserve Bank of New York, according to an announcement by the Fed.

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