IMAG Hires Op Risk Chief

Phil Gledhill has been hired as director of the operational risk consulting practice for IMAG Inc., a New York-based consulting firm on reputation risk in the financial services industry.Mr. Gledhill will work with traditional banks as well as mortgage origination and servicing institutions concerned about regulatory, operational, and business risks that could give rise to reputation threats. "Today mortgage origination and servicing companies are becoming more regulated and face increasing pressure to implement operational controls," said Gary Peterson, president of IMAG. "With Phil's extensive expertise in operational risks, IMAG further enhances their ability to bring reputation risk solutions to the mortgage origination and servicing industry." Mr. Gledhill is the former vice president and manager of operational risks at Bank of Tokyo-Mitsubishi in the United States. IMAG, the International Management Advisory Group, can be found online at http://www.imagny.com.