Compliance Officers on the Move: Feb. 3
This week’s compliance jobs report has much action among the titans of industry. J.P. Morgan reshuffled its compliance ranks; Standard Chartered picked up a new head of regulatory affairs; and Alstom put Airbus’ head of ethics & compliance on its board. Plus the head of compliance for Volkswagen bailed, and got a €10 million severance package on her way out the door.
I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have a tip to pass along, email me at [email protected] or find me on LinkedIn. This is especially important since LinkedIn redesigned its interface and, as usual, made the site less useful—this report depends on people like you helping me!
Compliance Jobs News
We have a reshuffling of compliance leadership at J.P. Morgan. Frank Pearn, the bank’s chief administrative officer for global compliance, has been named chief compliance officer. He’ll report to chief risk officer, Ashley Bacon. Pearn replaces Lou Rauchenberger, who is being re-assigned to a regulator affairs role.
Tracey McDermott, former acting head of the U.K. Financial Conduct Authority, has turned up as head of regulatory and public affairs at Standard Chartered. McDermott left the FCA last July when she failed to win that job on a permanent basis. According to the Financial Times, McDermott sent a memo about compliance to bank staff titled #KnowTheRules. Please put that hashtag on your next PPT presentation to the audit committee.
Also in Europe, Volkswagen’s head of compliance, Christine Hohmann-Dennhardt, left the troubled automaker last week after only one year on the job. Hohmann-Dennhardt ostensibly had been hired to help VW clean up its emissions-testing scandal, but the real negotiations were done by VW’s procurement boss, Francisco Javier Garcia Sanz; so Hohmann-Dennhardt left. VW named Hiltrud Werner, its head of auditing, to take over Hohmann-Dennhardt’s job. Also: Hohmann-Dennhardt got a €10 million severance package.
Alstom, the French maker of trains and other railway equipment, has tapped the chief ethics & compliance officer of Airbus to serve on its board of directors. Sylvie Kandé de Beaupuy joined Alstom’s board on Jan. 30 and will, fittingly, serve on its ethics, compliance, and sustainability committee. (Alstom, you may recall, was the subject of a $772 million FCPA enforcement action in 2014.)
On Capitol Hill, Kirsten Mork has been promoted to staff director of the House Financial Services Committee. Mork has been deputy staff director since 2013, and working as a staffer on financial services issues since 2006. She will be a crucial behind the scenes player as Rep. Jeb Hensarling, chair of the committee, moves forward with killing every Dodd-Frank regulation he can find.
Philips Edison & Co., an owner and manager of shopping centers, has named Kevin O’Neil vice president and assistant general counsel in charge of compliance and corporate securities. O’Neil previously worked at Bob Evans Farms Inc., where he held similar compliance and governance roles.
AndCo Consulting, an investment consulting firm previously known as the Bogdahn Group, has named Matthew DeConcini chief compliance officer. The firm, which advises institutional investors and has about $72 billion under advisement, snagged DeConcini from Marco Consulting Group, where he had been general counsel and chief compliance officer.
Deanna Toussaint has been promoted at Citi. She had been assistant vice president and senior compliance analyst; now she is vice president for GIU compliance. We assume that “GIU” means “general investigations unit,” but no promises. Toussaint has been working in various AML compliance roles at Citi since 2012.
NetScout, a computer networking firm in suburban Boston, has named Melinda Burrows senior legal director. Burrows previously spent nearly four years at Outerwall as head of compliance and ethics.
James Knoeck, the former chief audit executive at Options Clearing Corp., has been named CFO of Kettera Strategies. Kettera operates Hydra, a platform for wealth managers, family offices, and other assorted people wealthier than you and me to see various investment strategies.
Vendors & Service Providers
Lars Bjorklund, former vice president of ethics at Swedish construction conglomerate Skanska, who left that role last July, just offered hints at his new gig. It seems like he is launching a consulting firm to help companies with leadership and values, and the business will launch in April. Stay tuned.
Assure Private Investigations has named Andrew Grief director of risk & specialist services.
Lizette Arias has turned up as director of forensic services at Sierra Financial Group in Chicago. Arias had previously been a senior compliance manager for Johnson Controls.
Vicki Morrow is celebrating one year at Merck as IT risk and compliance officer.
Muhammad Nuaman-Ahmed is celebrating one year as deputy compliance officer at METRO Cash & Carry Pakistan.
Greg Radinsky just hit 10 years as chief compliance officer of North Shore Long Island Jewish Health System.
Open Req Orders
VSP Global is looking for a director of GRC and information security, out in Rancho Cordova, Calif.
Also in California, Harbor Freight Tools is recruiting for a senior internal auditor.
And further up the PCH, Uber seems to be hiring numerous auditor and financial compliance roles in San Francisco.
I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have a tip or want to brag about your new job, promotion, career milestone, or whatever—just email me at [email protected] or find me on LinkedIn. I’m always happy to give credit to the many’ hard-working people here in our corner of the business universe.
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