Regions Picks New CRO

Regions Financial Corp., Birmingham, Ala., a top 30 ranked residential servicer, named Matthew Lusco senior executive vice president and chief risk officer.

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Lusco will join the company in early 2011 from KPMG, the accounting firm. At Regions he will lead the lender's risk management group, which is responsible for the company's full spectrum of risk management.

Among residential servicers, the bank's Regions Mortgage unit in Montgomery ranks 23rd nationwide with $40 billion of servicing rights on its books.

"Matt brings a deep and broad perspective on risk and keen analytical skills that will make a significant contribution to Regions as we continue to execute our strategic priorities," said president and CEO Grayson Hall.


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