Financial services company Fifth Third Bancorp has named Frank Forrest as chief risk officer and chief credit officer, effective September 2013.

Forrest will assume the CRO role from Paul Reynolds, who plans to retire at the end of the year. In his new roles, Forrest will report to Kevin Kabat, vice chairman and chief executive officer.  

Forrest will join Fifth Third from Bank of America, where he has held numerous positions over the past 25 years in credit and risk management, including global debit products executive and commercial banking risk management executive. Prior to joining Bank of America, Forrest worked at the U. S. Department of Treasury, Office of the Comptroller of the Currency as a national bank examiner.