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American Express promotes chief risk officer to COO of banking unit

American Express Co. named Denise Pickett as president of its global services group and COO of unit American Express National Bank, effective immediately.

Pickett was previously chief risk officer of the payments processor giant and its banking unit. She was also president of American Express' global risk, banking and compliance group.

The company named Raymond Joabar to take up Pickett's previous roles, also effective immediately. Joabar was most recently president of international consumer services, and global travel and lifestyle services.

American Express will announce Joabar's replacement at a later date.