Didn't even read that as I'm not a chump. Why would the head of EMEA be hiring the bank's CRO exactly?
From Fortune: SVB’s risk chief reports directly to a “Risk Committee,” which includes chairpersons of SVB’s Board and all the Board committees, in addition to the chief executive officer, according to filings from the company. The committee is responsible for hiring, evaluating and terminating the CRO, and as of 2023, was made up of seven members.
The Wall Street Journal has this explanation... I'm not really buying this one either.