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RMA’s
RETIRING PRESIDENT & CEO
Excerpts taken from an article in the American
Banker, The complete article can be found in the May
18, 2001 issue. It was written by Barbara A. Rehm.
After six years as president and chief executive office of
RMA¾The
Risk Management Association, Al Sanborn will retire on May 30.
He will hand the helm to former PNC Financial Corporation
executive Maurice H. Hartigan II.
Mr. Sanborn is widely credited with spotting the industry’s
current credit troubles early and encouraging bankers to take
preemptive measures, including improving their risk management
tools.
"Don’t get caught in denial," Mr. Sanborn tells
lenders. "Clearly there has been a major shift in this
economy…. Get yourself more prepared for problem loans….
But don’t create a credit crunch. This will be the test of a
high-quality banker." This head-on style has earned Mr.
Sanborn respect from members of RMA.
Mr. Sanborn has clearly relished his job at RMA, describing
it as the "dean of the risk management college."
"I can think about lending in a more dispassionate way
than someone who is on the firing line day-in and
day-out," he said. "I get to think about the issues
the industry faces without being encumbered by a
portfolio." |
