Sumitomo Mitsui Banking Corporation (SMBC) announced the appointment of Mark Corteil as Chief Risk Officer for the Americas Division.

In this role, Corteil will serve on the Americas executive team and lead the firm in developing and maintaining a robust risk management framework, while embedding a strong culture of risk awareness and ownership across the Americas.

“Mark has made a significant impact as a member of our risk management team and has consistently demonstrated a capacity for leadership,” said Hirofumi Otsuka, Chief Executive Officer, SMBC Americas Division. “His deep knowledge of the space will help SMBC meet the demands of an evolving risk landscape as we continue to grow.”

He joined SMBC in 2022 as Americas Chief Credit Risk Officer, where he oversaw all aspects of credit risk management in the region. Prior to joining SMBC, he spent more than a decade as the Chief Credit Officer and Head of Global Markets Risk for State Street Corporation. He started his career in the UK and has more than 20 years of experience in the U.S. market, where he held several senior roles in credit risk for Deutsche Bank in support of its North American business.