Texas Capital Bank Appoints Chief Risk Officer » Dallas Innovates

David Oman [Photo: David Oman]

Texas Capital Bancshares Inc., the parent company of Texas Capital, announced that veteran financial executive David Oman has been appointed chief risk officer for Dallas-based Texas Capital. His appointment is effective June 10.

Mr. Oman will report directly to Rob C. Holmes, Texas Capital’s President and Chief Executive Officer, and will serve as a member of the firm’s Operating Committee.

“David’s extensive professional experience in risk management makes him an excellent fit to be our next chief risk officer,” Holmes said in a statement. “Given today’s changing macroeconomic conditions, David’s background will be important as we continue to focus on maturing and maintaining a best-in-class enterprise risk management framework.”

Succeeding retiring CRO Tim Storms

As previously announced, Texas Capital’s current CRO, Tim Storms, will retire in June and continue as an adviser to the firm through the end of 2024.

Mr. Oman joins Texas Capital from PricewaterhouseCoopers (PwC), where he served as Managing Director of the firm’s Financial Risk Division. Prior to PwC, he led the strategic execution of market risk, global market infrastructure, credit risk review, global asset and investment management, emerging markets risk and counterparty risk at firms in New York and London, including Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch and UBS.

Oman will manage Texas Capital’s risk function, enterprise risk management practices and programs, in addition to regulatory compliance. He will be responsible for the strategic development and execution of the continued enhancement of the firm’s risk management culture and capabilities that further optimize proactive risk assessment and mitigation.

“I am honored to join Texas Capital and have the opportunity to further build on the firm’s responsible growth and thoughtful, comprehensive risk management strategies and better serve stakeholders in the state and across the nation,” Oman said in a statement. “I am fortunate to benefit from the valuable work the team has accomplished over the past three years.”

Founded in 1998, the company also has offices in Austin, Houston, San Antonio and Fort Worth and serves a network of clients across the United States.

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