Comerica, a financial services company, has named Michael Michalak as chief risk officer. In that role, he will report directly to Comerica Chairman and Chief Executive Officer Ralph Babb, as well as to the enterprise risk committee.

As chief risk officer, Michalak will be responsible for overseeing risk on an enterprise-wide basis. This includes ongoing compliance with policies and procedures relating to risk management governance and procedures, risk control infrastructure, and monitoring compliance with such policies and procedures, among other responsibilities.

Michalak joined Comerica in 1988 in the asset liability management area, and was named corporate treasurer in 1996. He assumed responsibility of corporate planning, development and risk management in 1997. He also served as interim treasurer, a position he held during the second half of 2011 while he was executive vice president of planning, forecasting, analysis and enterprise risk.