It's a little disturbing when a senior banker tells you that he only joined the bank to get a little financial experience, in order to improve his CV when he started looking for a real job. But then you consider that, since he's stayed there for the last 27 years, his thinking has probably changed.
Morten Friis, chief risk officer at the Royal Bank of Canada, is the subject of the latest back page profile, appearing in the next issue of Risk. Read the whole article for his thoughts on the problems of running a bank's loan portfolio and the biggest new source of risk.