The CEO of one firm I previously worked for told me I was wired differently than others. The fact is we are all different and therefore all wired differently, but there are some common characteristics to some roles. That said, most of my compliance friends also tell me I am wired differently. Earlier this month, a man wired differently to the CEOs of most regulated financial service businesses was promoted from the role of chief compliance officer to interim CEO at a company you might have seen in the news recently—Wirecard.
James H. Freis Jr. is a former director of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and is now trying to salvage what he can for the beleaguered creditors and shareholders of Wirecard. Earlier this month, former CEO Markus Braun was arrested on suspicion of fraud; there is approximately $2 billion missing from the company’s accounts.
