Nomura has handed its chief risk officer a new role overseeing the bank’s response to regulatory reforms, the latest in a series of internal moves at major banks eager to gear up their capabilities to deal with a raft of post-crisis financial legislation.

The Japanese bank has appointed David Benson as vice chairman for risk and regulatory affairs. It has also hired Lewis O'Donald from Morgan Stanley to replace Benson as chief risk officer. O'Donald had been at Morgan Stanley for 18 years, most recently as senior risk officer for sales and trading.