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Market Trends

  • Financial services firms continue to look outside legal and compliance groups to source leadership talent capable of leading and managing functions that have become more operational than ever.
  • Many financial services firms have been investing in compliance technology solutions to enhance their surveillance, monitoring and testing activities. As such, senior individuals that are able to combine technology subject matter expertise with a broader understanding of the regulatory compliance landscape are highly sought after.
  • Several global banks have continued to combine non-advisory functions under one central compliance umbrella in an attempt to leverage common platforms, create synergies and reduce cost.
  • Financial crime continues to receive investment across a range of financial services firms but the demand for talent is now focused more on strategic, forward-looking experts, rather than ex-regulators leading large remediation projects.

People Moves

Global Banking Groups

  • Colin Bell, previously Global Head of Compliance and Operational Risk Control at UBS, has been appointed Group Head of Global Standards Execution and Remediation at HSBC under Stuart Gulliver. Bell has been replaced by Jim Oates , the Chief Auditor.
  • Pamela Root, former Chief Compliance Officer for the Institutional Client Group (ICG) at Citi, joins Deutsche Bank as Global CCO, reporting into Sylvie Matherat. Root replaces Nadine Faruque who has left the bank.
  • Alison Clew and Denise Reilly now jointly lead the global AML function at Citi, which has been split out of compliance. Both Clew and Reilly will report into Barbara Desoer, CEO of Citibank NA.
  • Steve Ditaranto joins Deutsche Bank as Global Head of Surveillance. Ditaranto joins from Citi where he held the role of Global Head of Surveillance for the ICG.
  • Bhavesh Dattani, General Counsel, MEA at Nomura Securities, is now the EMEA Head of Investor Services Compliance at JPMorgan Chase.
  • Kevin Oden, Chief Market Risk Officer at Wells Fargo, has been appointed Global Head of Compliance and Operational Risk.
  • Patricia Giangrande has left her role as Global Head of Financial Crimes Compliance for the Corporate and Investment Bank and the Global Head of Treasury Services and Trade Finance Compliance for JPMorgan Chase, to join Deutsche Bank as the Global Business Control Officer for Institutional Cash Management.
  • Lisa Feld, has moved internally at UBS into a Chief of Staff role, supporting Global Head of Compliance and Operational Risk Control, Jim Oates. Prior to this she was Global Head of Investigations, Compliance and Operational Risk Control, for the firm.
  • Jane Ibbotson has joined Wells Fargo as EMEA Head of Compliance. She was previously Head of Compliance for commercial banking at Lloyds.
  • Richard Anstead has joined BNP Paribas as UK Head of International Financial Services and Domestic Markets Compliance.
  • Nick Child joins BNP Paribas as UK Head of Financial Markets and BP2S Compliance, from Citi where he held the role of MD, EMEA Head of Compliance, ICG.
  • Jonathan Cronk joins HSBC as Global Head of Regulatory Compliance Assurance, from Société Générale where he was Global Head of Compliance Monitoring and Surveillance., CIB
  • Marshall Sprung joins as Managing Director and Global Head of Compliance at New York-based Blackstone. Sprung will work with John Finley, Blackstone’s Chief Legal Officer, who joined in 2010 from Simpson Thacher & Bartlett LLP.
  • Hon Chan joins HSBC as APAC Head of Sanctions. He joins from Bank of America where he was the APAC Head of Economic Sanctions.
  • Steven Tarrant joins HSBC as APAC Head of AML, CTF and Proliferation Finance. He was previously at RBC as APAC Head of Wealth AML.
  • Penny Judd leaves Nomura, where she held the role of EMEA Head of Compliance, and joins trading platform Plus500 as Non-Executive Director.
  • Ian Fisher has taken on additional responsibility at Investec Bank, becoming Head of Financial Crime (MLRO) in addition to his role as Head of Compliance Monitoring.
  • Miten Trivedi moves from Bank of America, where he was EMEA Head of FICC Compliance, to be Head of Compliance for Europe and Asia Pacific at TD Securities.
  • Cicilia Wan is now EMEA Head of Employee Compliance at JPMorgan Chase. Formerly she was Head of HR Regulatory Affairs across EMEA.
  • Rowena Carr has left JPMorgan Chase, where she was Global Co-Head of Investment Banking Division Compliance before her retirement.
  • Barry Hagan is now Head of Financial Crime EMEA at Macquarie. He joins from Investec where he held the role of UK Head of Financial Crime.
  • Marco Mukherjee has taken over Sharon Campbell’s role as Director of Financial Crime and UK MLRO at Santander.
  • David Layhe, UK Head of Compliance for Wealth and Insurance at Santander has left the organisation.
  • Adrian Quigley, former Head of Financial Crime and MLRO at Virgin Money, has joined Santander as Head of Financial Crime for global corporate banking, reporting into Marco Mukherjee. He replaces Darren Piper, who had been working on an interim basis.
  • Fred Springer has been appointed Chief Compliance Officer at Santander USA. Springer previously spent five years as Global Head of Compliance for CIT Group.
  • Ian Fisher is appointed Head of the Culture and Conduct Programme at Société Générale. He retains his current role of Group Country Head for the UK and Head of the Coverage and Investment Banking Division in the UK until the end of 2016.
  • Lauren Munfa has been hired by UBS from Goldman Sachs to head up control room compliance.
  • Mark Zingale joins Wells Fargo as Head of Regulatory Resolution. Zingale joins from RBS/Citizens where he was Senior Regulatory Counsel.
  • Peter Jackson has joined Clear Treasury as Head of Compliance and MLRO, prior to this he was an independent compliance consultant.
  • Stuart Wallace has taken on the role of MLRO at Close Brothers. Previously, he was Senior Financial Crime Manager within the company.

Wealth / Asset Management

  • Andrew Fowler has joined Aviva Investors as Head of EMEA Compliance and Regulatory Development. Prior to this he was Legal and Compliance Director at Moneybox.
  • Samir Patel joined State Street Global Advisors as Head of UK Compliance, from Alliance Bernstein where he held the role of Head of Institutional Legal.
  • Jan-Willem Hermans, former member of the Supervisory Board at Rabobank joins APG Asset Management as Head of Compliance and Risk.
  • Kevin Tolan has become Head of Compliance at RWC Partners, leaving City of London Investment Management Company, where he was Head of Compliance.
  • Hung Luc has left Neuberger Berman, where he was Chief Compliance Officer and MLRO EMEA and LatAm, and joined Squarepoint Capital as Chief Compliance Officer.
  • Jon Feigelson has been appointed as GC and Chief Compliance Officer at Artivest. Feigelson joins from TIAA-CREF, where he most recently served as GC, Head of Regulatory Affairs, and Director of Corporate Governance.
  • Michael Timotheou has moved internally within BlueBay Asset Management, from his previous role as Head of Investment Compliance, into a new role as Partner, Global Head of Compliance.
  • Anthony Epstein has become Interim Chief Compliance Officer for Institutional Business at Invesco Perpetual, joining from Aviva Investors where he was Interim Head of UK Compliance.
  • Dave Fitzharris has joined Hermes Investment Management as Head of Advisory Compliance, joining from Blackrock where he was Head of Compliance Advisory for the EMEA Institutional Business.
  • Robyn Grew transitions into the role of CAO and GC at Man Group. Grew’s previous role was Global Head of Legal and Compliance.
  • David Oakton has joined Vanguard as Compliance Manager. Oakton joins from BlackRock where he was Head of EMEA Compliance Advisory, Retail and Fundamental Equity.

talent-map

Retail Financial Services

  • Lee Weiskott assumes responsibility for global regulatory relations at AMEX, following Adina Brownstein’s departure.
  • Kimon De Ridder joins Aviva as UK Compliance Oversight Director from GE Capital International, Working Capital Solutions where he was the Chief Compliance and Regulatory Officer.
  • Paul Brandow is appointed Chief Administrative Officer at E*TRADE, overseeing AML, regulatory compliance, and HR. Brandow was previously Interim CRO.
  • Scott Essex is promoted to Chief Compliance Officer at Citizens Financial Group. He was previously Deputy Chief Compliance Officer and Chief Privacy Officer and replaces Bob Nelson who is retiring. Essex will report to Malcolm Griggs, CRO.
  • Laura Rau-Morillo is named as Director at Navigant, the consulting firm. Rau-Morillo was previously VP of the Global Compliance Office at MoneyGram International in Dallas.
  • Simon Brown has joined Oakbrook Finance as Head of Compliance, leaving Volkswagen Financial Services where he was in the same role.
  • Vesna McCreery, formerly of the Exiger Group, joins Royal Bank of Scotland as Global Head of Financial Crime.
  • Mark McFadyen has joined Virgin Money as Head of Financial Crime Risk and MLRO, leaving Royal Bank of Scotland where he was Head of Fraud, UK Retail.
  • Jason Costain joined Williams & Glyn as Head of Financial Crime Operations, from Co-Operative Bank where he was Head of Financial Crime Prevention.

Regulators 

  • Megan Butler, who was appointed temporary Head of Supervision at the Financial Conduct Authority last year, will take up the role permanently. Butler has been on secondment from the BoE since last year, when she replaced Tracey McDermott as Head of Supervision.
  • Thomas Ott has been named Associate Director of Enforcement at Financial Crimes Enforcement Network (FinCEN). Ott will oversee FinCEN’s enforcement of the Bank Secrecy Act and its compliance requirements. Ott has been at FinCEN since 2014 in various capacities.
  • Robert W. Cook is the new President and CEO of the Financial Industry Regulatory Authority (FINRA). Mr. Cook joins FINRA from Cleary Gottlieb Steen & Hamilton LLP, where he served as a Partner in the firm’s Washington, DC, office since June 2013.
  • Maria T. Vullo is confirmed by the US Senate as Superintendent of the New York State Department of Financial services (DFS). Ms. Vullo has served as Acting Superintendent since February when she was nominated by Governor Cuomo to lead the DFS.

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