Veteran financial executive David Oman has been appointed as chief risk officer of Dallas-based Texas Capital, Texas Capital Bancshares Inc., the parent company of Texas Capital, announced. His appointment is effective June 10.
Oman will report directly to Texas Capital’s President & Chief Executive Officer Rob C. Holmes and serve as a member of the firm’s Operating Committee.
“David’s extensive professional experience in risk management makes him a strong fit for our next chief risk officer,” Holmes said in a statement. “Given today’s evolving macroeconomic landscape, David’s background will be instrumental as we remain dedicated to maturing and maintaining a best-in-class enterprise risk management framework.”
Replaces retiring CRO Tim Storms
As previously announced, Tim Storms, Texas Capital’s current CRO, will retire in June and continue to serve as an adviser to the firm through the end of 2024.
Oman comes to Texas Capital from PricewaterhouseCoopers (PwC) where he was a managing director in the firm’s financial risk practice. Before PwC, he led strategic execution in market risk, global markets infrastructure, credit risk review, global wealth and investment management, emerging markets risk and counterparty risk for firms in New York and London, including Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch and UBS, among others.
Oman will manage Texas Capital’s risk functions, enterprise risk management practices and programs in addition to regulatory compliance. He will be responsible for the strategic development and execution of continued enhancements to the firm’s risk management culture and capabilities that will further optimize proactive risk assessment and mitigation.
“It’s an honor to join Texas Capital with the opportunity to further evolve the firm’s responsible growth and thoughtful, comprehensive risk management strategy to better serve our stakeholders across the state and the country,” Oman said in a statement. “I feel fortunate to benefit from the valuable work that the team has done over the past three years.”
Founded in 1998, the institution also has offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country.
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