Financial services company Vericrest appointed Ben Purser as its chief risk officer, where he will be responsible for all risk management efforts, including determination of risk tolerances.

In his new role, Purser will also focus on operational risk practices, compliance with all state and federal agency requirements and be responsible for measuring and monitoring the portfolios of Vericrest.

This role was established by Vericrest in order to focus on growing the business in a sound manner that enables the business to position itself for long-term success while being compliant with current rules and regulations.

Prior to assuming his role with Vericrest, Purser served as the chief compliance officer in the Office of Financial Stability at the United States Department of the Treasury. He brings more than 26 years of experience in financial services to Vericrest.