From the Archive

Kindred Healthcare, a healthcare services company, has appointed Joseph Landenwich as general counsel, in addition to his current role as corporate secretary. He will assume the role following the retirement of M. Suzanne Riedman, general counsel and chief diversity officer, effective Jan. 31, 2016.

Ally Financial, an automotive financial services company, has named David Shevsky as chief risk officer, effective immediately.  In this role, Shevsky has responsibility for the risk framework, processes, and oversight for the company. Prior to this position, beginning in 2011, Shevsky served as chief risk officer for Ally Bank, the company’s subsidiary.

Image: In the latest edition of the Compliance Week podcast, we chat with Hui Wang, senior director of global risk sciences at PayPal, about security and anti-fraud efforts at the online payment processor and the company’s homegrown system for continuous risk monitoring.

In the latest edition of the Compliance Week podcast, we chat with Hui Wang, senior director of global risk sciences at PayPal, about security and anti-fraud efforts at the online payment processor and the company’s homegrown system for continuous risk monitoring.

Image: Corporate America has another example of executive misconduct to ponder as we all break for Christmas: Martin Shkreli, the boorish and now former CEO of Turing Pharmaceuticals arrested on other fraud charges last week. Most of his deeds, Compliance Week editor Matt Kelly says (in his last column as editor), may have been legal—but they were also offensive, and great examples of what corporate ethics is really about.

LifeLock, a provider of proactive identity theft protection services, has named Sharon Segev as general counsel and secretary, effective Jan. 11, 2016.

I joked here earlier this month that perhaps “professional courtesy” might spare publicly traded law firm Slater & Gordon —  a major player in pursuing cases for plaintiffs in Australian securities class actions — from ending up on the receiving end of a shareholder class action. Alas, that is looking less and less likely and the sharks are circling.

Cherry Bekaert Wealth Management, a subdivision of accounting firm Cherry Bekaert has named Christine Slate as its new chief compliance officer.

Image: Now that the Federal Reserve has raised interest rates for the first time in seven years, it’s as good a time as any to worry about risks in the banking system; and thankfully two different regulators—the U.S. Office of the Comptroller of the Currency, and the International Organizations of Securities Commissions—have given us some fresh reason to fret, so let’s get to it, says CW Editor Matt Kelly.

Image: Numerous banks, such as BNP Paribas, HSBC, and Standard Chartered, are in talks with the Justice Department about what they knew in connection with the FIFA investigation. In their effort to thwart Swiss secrecy laws, U.S. investigators are trying for more unrestricted access to information in FIFA-concerned bank accounts. Meanwhile, a host of international financial institutions are all under DPAs for money laundering transgressions. CW blogger Tom Fox explores what impact, if any, these developments will have on traditional anti-corruption enforcement actions around the globe.