Compliance

Key Themes

In the past quarter, there have been a number of female group CCO appointments, including Wells Fargo, DTCC and Visa. It will come as no surprise that diversity has been underpinning much of the hiring we’ve been doing across our various practice areas, but it is quite telling that this past year 72% of placements we’ve made across legal, risk & compliance have been gender diverse. While measuring ethnic diversity is more subjective, it goes without saying that we expect demand for ethnic diversity to be as much if not more of a priority this coming year.

We have continued to see demand for chief compliance officers in banking, asset management & alternatives, payments and fintech / crypto segments. Some of the more established fintech companies like PayPal are adding to their financial crime teams, while newer entrants like Robinhood look to build out their compliance function.

Key Compliance Moves: Q3 2020

  • Amber Group, a leading crypto finance service provider, recently announced the appointment of Kane Guo as Chief Compliance Officer. Kane recently served as Head of Legal and Compliance at Tencent and Hillhouse-backed asset management firm GaoTeng.
  • Citigroup announced it has appointed Jennifer Taylor as Chief Compliance Officer for its Institutional Clients Group. Taylor replaces Greg Johnson who joined Citadel earlier this year as Chief Compliance Officer. Taylor joins Citi from Bank of America, where she was Head of Compliance and Operational Risk for the EMEA region.
  • The Depository Trust & Clearing Corporation has appointed Lisa Hershey as CCO, effective January 2021. Hershey will replace Susan DeSantis, the firm’s current CCO, who plans to retire in early 2021 after a 25-year career at the organization.
  • Norm Ashkenas is joining Robinhood as Chief Compliance Officer for Robinhood Financial, and Kelly Zigaitis will be Chief Compliance Officer of Robinhood Securities. Ashkenas led compliance for units of mutual fund giant Fidelity Investments, while Zigaitis was the former head of oversight and controls for Wells Fargo Advisors.
  • Visa has appointed Obiamaka Madubuko as its new chief compliance officer, who succeeds Leonard Shen who is retiring. Madubuko joins Visa from Greenberg Traurig, where she served as a shareholder in the law firm’s Litigation and Compliance group.
  • Wells Fargo has appointed Paula Dominick Chief Compliance Officer. Dominick was most recently Chief Compliance Officer of Credit Suisse USA and for the Global Capital Markets Investment Banking businesses (ex. Asia). She had previously led compliance for Bank of America in the aftermath of the financial crisis. In this role, Dominick will be responsible for oversight of all regulatory compliance risks for Wells Fargo.

Contact us!

Click on the button below to contact your local Leathwaite office to discuss your executive search or senior leadership requirements: 

Click here to contact Leathwaite