SMBC, a member of SMBC Group, announced the appointment of Mark Corteil as Managing Director and Chief Credit Risk Officer for the Americas Division.

In this role, Corteil is responsible for overseeing all aspects of credit risk management in the Americas region. He reports to Kim Olson, Americas Chief Risk Officer, and Yasuhori Takahasi, Global Head of Credit, based in Tokyo.

“After an extensive search, we are very glad that Mark has joined our team,” said Olson. “Mark’s deep and broad credit skills and collaborative and dynamic leadership style will be instrumental in supporting our growth.”

Prior to joining SMBC, Corteil spent more than a decade as the Chief Credit Officer and Head of Global Markets Risk for State Street Corporation, where he was responsible for credit and market risk globally and actively undertook a variety of regulatory engagements.

Corteil started his career in the UK and has more than 20 years of experience in the U.S. market. He held several senior roles in credit risk for Deutsche Bank in support of its North American business.