Deutsche Bank has named Pamela Root as global head of compliance and group chief compliance officer. The company also named Peter Hazlewood as global head of anti-financial crime and group money-laundering reporting officer.
Root, who will be based in London, will join Deutsche Bank on June 6. Hazlewood, who will be based in Frankfurt, will join Deutsche Bank in July 2016. Both Root and Hazlewood will report to Sylvie Matherat, chief regulatory officer and member of the management board of Deutsche Bank.
“Robust and effective controls are essential to our business practice. Compliance and [anti-financial crime] are key functions to ensure that we manage our business activities to high standards at all times,” Matherat said in a statement.
Root will join from Citigroup, where she was chief compliance officer for the global institutional clients group from 2009. Prior to joining Citigroup, she served in different legal and compliance roles at Goldman Sachs, including as the general counsel to global compliance. Before joining Goldman Sachs in 1986, she was a lawyer at Sullivan & Cromwell in New York practicing securities, banking, and corporate law.
Hazlewood is an experienced career financial crime professional who over the past 28 years has held a number of senior global Anti-Financial Crime positions at large financial institutions, including HSBC, JP Morgan, DBS and Standard Chartered. He also brings diverse geographic experience, having worked in Hong Kong, Singapore, London, New York and, most recently, Bahrain.
Root will succeed Nadine Faruque, who decided to leave Deutsche Bank in March 2016 for personal reasons. Hazlewood will succeed Ulrich Göres who decided at his own request to leave the bank at the end of January 2016.