From the Archive

Tom Fox explores the ethical implications of hosted hunting trips and specifically the case of Fredrik Lundberg, chairman of Sweden-based Industrivarden, and Anders Borg, the former finance minister of that country, who was given just such a trip by Lundberg.

The Depository Trust & Clearing Corporation; Goldman Sachs; CIT Group; Klingenstein Fields Wealth Advisors; and True Health Diagnostics all have new compliance officers. In other news, TBC Bank Group has a new chief risk officer. Check out the CW Grapevine for the latest personnel moves.

Goldman Sachs Group has appointed Sarah Smith as global head of compliance. She will assume the role from Alan Cohen, who is stepping down.

TBC Bank Group, together with its subsidiary JSC TBC Bank, has appointed David Chkonia to the management board of TBC Bank as chief risk officer and deputy CEO with immediate effect.

CIT Group, a provider of commercial lending and leasing services, has appointed Paul Tufaro as chief compliance officer, effective immediately. He will report to Executive Vice President and Chief Risk Officer Robert Rowe.

Klingenstein Fields Wealth Advisors, a wealth management firm with more than $3 billion in assets under management, has promoted Maria Chambers to chief compliance officer.

True Health Diagnostics, a health services company, has appointed Robert Rossi as senior vice president and chief compliance officer.

The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, has appointed Derek West as executive director and chief compliance officer for the firm’s European Global Trade Repository (GTR) business.

Tom Fox explores recent cases that fall under the FCPA “anything of value” standard, including JPMorgan Chase, Rolls-Royce, VimpelCom, and Qualcomm.

As Donald Trump moves into the White House, what can compliance officers and ethics advisers learn from his conflicts of interest? Joe Mont reports.