Grapevine


OCC

Michael Hsu named acting OCC head

2021-05-07T15:49:00+01:00By

Michael Hsu, a regulator at the Federal Reserve, has been named acting comptroller of the currency by U.S. Treasury Secretary Janet Yellen.

Credit Suisse

Credit Suisse risk committee head to depart amid board reshuffle

2021-05-03T20:28:00+01:00By

Andreas Gottschling, Credit Suisse’s board member in charge of its risk committee, has stepped down as fallout from the collapses of Archegos Capital and Greensill Capital continues to roil the bank.

Chambers_index

Former IIA CEO Richard Chambers partners with AuditBoard

2021-05-03T16:02:00+01:00By

Richard Chambers, former president and CEO of the Institute of Internal Auditors, has partnered with AuditBoard as a senior internal audit advisor.

Siemens appoints new chief compliance officer

2021-05-03T14:02:00+01:00By Scuttlebutt

German technology giant Siemens announced the appointment of Annette Kraus as chief compliance officer.

DOJSeal

DOJ FCPA head Christopher Cestaro to depart for WilmerHale

2021-04-30T17:08:00+01:00By

Christopher Cestaro, chief of the Justice Department’s FCPA Unit, is set to depart the agency for a partner position with law firm WilmerHale.

SEChq

New SEC enforcement head Alex Oh resigns for personal reasons

2021-04-28T21:38:00+01:00By

Alex Oh resigned as head of the Securities and Exchange Commission’s Enforcement Division for personal reasons after less than one full week on the job.

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JBS USA names global head of legal and compliance

2021-04-28T16:58:00+01:00By

JBS USA has named Kevin Arquit to the newly created role of chief legal officer. Arquit will be responsible for leading the company’s global legal, ethics, and compliance efforts.

GoldmanSachs

Goldman Sachs hires chief risk officer back from Wells Fargo

2021-04-26T20:37:00+01:00By

Brian King will return to Goldman Sachs as consumer chief risk officer and head of business operations after seven months with Wells Fargo.

Citgo

Citgo names Steven Scarpino as first stand-alone CECO

2021-04-26T20:02:00+01:00By

Citgo Petroleum Corp. announced the appointment of Steven Scarpino to serve as its first stand-alone chief ethics and compliance officer reporting directly to the CEO and audit committee of the board of directors.

SECcrop

SEC appoints Alex Oh to lead Enforcement Division

2021-04-22T17:38:00+01:00By

The Securities and Exchange Commission has named Alex Oh to lead an Enforcement Division expected to be more aggressive under new Chair Gary Gensler.

Coca-Cola

Coca-Cola replaces top legal counsel with CCO

2021-04-22T16:23:00+01:00By

The Coca-Cola Company has pushed out its top legal counsel after less than a year on the job and named its chief compliance officer to replace him.

DOJSeal

Senate confirms Lisa Monaco as deputy attorney general

2021-04-21T18:48:00+01:00By

President Joe Biden’s nomination of Lisa Monaco to be deputy attorney general of the United States was confirmed by the Senate on Tuesday.

Danske

Danske Bank CEO, board member resign amid ABN AMRO probe

2021-04-19T16:58:00+01:00By

Danske Bank CEO Chris Vogelzang and board member Gerrit Zalm each resigned after being identified as suspects in ABN AMRO’s money laundering scandal. Chief Risk Officer Carsten Egeriis will take over as Danske’s CEO.

Former acting SEC enforcement head to join Simpson Thacher & Bartlett

2021-04-19T13:38:00+01:00By

Marc Berger, most recently acting director of the SEC’s Division of Enforcement, will join Simpson Thacher & Bartlett in June as a partner in its litigation department.

IEX Group appoints head of legal and compliance

2021-04-14T18:20:00+01:00By Scuttlebutt

IEX Group has appointed Rachel Barnett as chief legal officer. She will oversee all legal and compliance matters for the financial technology company.

Walmart

Walmart ethics and compliance chief Daniel Trujillo to depart

2021-04-14T14:03:00+01:00By

Daniel Trujillo, executive vice president and global chief ethics and compliance officer at Walmart, is leaving the company “to pursue other opportunities,” according to an internal memo shared with employees.

Sprout Mortgage hires chief compliance officer

2021-04-13T14:41:00+01:00By Scuttlebutt

Sprout Mortgage announced the appointment of Laura LaRaia as executive vice president, general counsel, and chief compliance officer.

DOJ

Biden to nominate former CCO to lead DOJ’s Criminal Division

2021-04-12T23:05:00+01:00By

President Joe Biden will nominate Kenneth Polite as assistant attorney general to lead the Department of Justice’s Criminal Division. Polite previously worked as chief compliance officer at Fortune 500 electric power company Entergy.

Jane Norberg

SEC whistleblower head Jane Norberg to depart

2021-04-08T20:44:00+01:00By

The head of the Securities and Exchange Commission’s whistleblower program, Jane Norberg, will leave her post later this month.

​Petal appoints chief compliance officer, general counsel

2021-04-08T15:49:00+01:00By Scuttlebutt

Credit card startup Petal announced the appointment of former CFPB official Elizabeth Corbett as general counsel and chief compliance officer.

Mr. Cooper Group names new chief risk and compliance officer

2021-04-07T13:18:00+01:00By Scuttlebutt

Mr. Cooper Group, a home loan service provider, announced the appointment of Kurt Johnson as executive vice president and chief risk and compliance officer.

Credit Suisse

Credit Suisse compliance chief steps down in Archegos collapse aftermath

2021-04-06T16:35:00+01:00By

Credit Suisse Chief Risk and Compliance Officer Lara Warner has stepped down from her role and left the company following the bank’s loss of an estimated $4.7 billion due to the meltdown of hedge fund Archegos Capital Management.

Citi

Outgoing FinCEN head Kenneth Blanco to join Citi as financial crimes CCO

2021-04-05T17:13:00+01:00By

Kenneth Blanco has been tapped to lead a new financial crimes unit at Citi following his departure as director of the Treasury Department’s Financial Crimes Enforcement Network later this week.

Terminix names new chief accounting officer

2021-04-02T18:47:00+01:00By Scuttlebutt

Terminix Global Holdings, a pest management company, announced in a regulatory filing that John Mullen, vice president, controller and chief accounting officer, has left the company and been succeeded by Mary Hopkins.

Duke Energy names new chief accounting officer

2021-04-02T18:23:00+01:00By Scuttlebutt

Duke Energy has appointed Cindy Lee as vice president, chief accounting officer and controller, effective May 16.

Heath Tarbert

Ex-CFTC Chair Heath Tarbert joins Citadel as chief legal officer

2021-04-02T16:54:00+01:00By

Heath Tarbert, former chairman of the Commodity Futures Trading Commission, has been named chief legal officer at Citadel Securities.

FinCEN logo 300x200

FinCEN Director Kenneth Blanco to step down

2021-04-02T15:10:00+01:00By

FinCEN Director Kenneth Blanco, who has served in the position since December 2017, will step down April 9, and Michael Mosier, formerly the deputy director of FinCEN, will return to the agency as acting director.

Deutsche Bank

Deutsche Bank restructures compliance amid leadership overhaul

2021-03-30T15:38:00+01:00By

Deutsche Bank announced a series of changes to its management board, including the upcoming departure of Chief Risk Officer Stuart Lewis and transition of compliance responsibilities to Chief Administrative Officer Stefan Simon.

Desiree Ralls-Morrison

McDonald’s names Desiree Ralls-Morrison general counsel

2021-03-30T14:40:00+01:00By

McDonald’s announced the appointment of Desiree Ralls-Morrison as general counsel and corporate secretary. Ralls-Morrison succeeds Jerome Krulewitch, who retired in October 2020 following his being diagnosed with Parkinson’s disease.

​Binance tabs former FATF execs as compliance advisors

2021-03-26T18:36:00+00:00By

Cryptocurrency exchange Binance announced the appointment of former Financial Action Task Force executives Rick McDonell and Josée Nadeau as compliance and regulatory advisors.

Tesla

Tesla braces for investor lawsuit with senior compliance appointment

2021-03-23T20:02:00+00:00By

Tesla in February appointed David Searle as deputy general counsel and senior director of compliance. The electric car maker is currently facing an investor lawsuit criticizing its board for failing to appoint a general counsel to control CEO Elon Musk.

Fox News

Fox Corp. names new CECO, general counsel

2021-03-23T19:02:00+00:00By

Media giant Fox Corporation shook up its ethics and legal departments with the appointments of Jeff Taylor as general counsel and Nicholas Trutanich as chief ethics and compliance officer.

Sally Beauty appoints chief accounting officer

2021-03-23T18:09:00+00:00By Scuttlebutt

Salon retailer Sally Beauty Holdings announced the appointment of Kim McIntosh as group vice president, controller and chief accounting officer.

FirstEnergy

Corruption-embroiled FirstEnergy names chief ethics and compliance officer

2021-03-22T19:30:00+00:00By

FirstEnergy named Antonio Fernández vice president and chief ethics and compliance officer, effective April 12. His appointment comes amid U.S. government scrutiny over a corruption scandal.

Volvo Cars adds new chief compliance and ethics officer

2021-03-12T20:15:00+00:00By Scuttlebutt

Volvo Cards has appointed Augusta Speiser as chief compliance and ethics officer.

Peloton adds risk, compliance head

2021-03-12T20:12:00+00:00By Scuttlebutt

Upstart exercise equipment and media company Peloton has appointed Lance Lanciault as senior vice president, head of compliance and risk.

Westpac general counsel to step down

2021-03-12T20:09:00+00:00By Scuttlebutt

Australia-based financial institution Westpac announced Group General Counsel and Enterprise Executive Rebecca Lim has decided to step down and move to a part-time advisory role.

Eli Lilly names new chief ethics and compliance officer

2021-03-12T20:07:00+00:00By Scuttlebutt

Pharmaceuticals firm Eli Lilly announced the appointment of Alonzo Weems as senior vice president and chief ethics and compliance officer amid a series of executive-level transitions.

USAA Real Estate tabs general counsel

2021-03-12T20:04:00+00:00By Scuttlebutt

USAA Real Estate announced the appointment of Michael Boyd as its new general counsel.

Roostify hires first chief compliance officer

2021-03-12T20:01:00+00:00By Scuttlebutt

Digital lending platform Roostify announced the appointment of Roger Fendelman as its first chief compliance officer.

Spirit AeroSystems names general counsel

2021-03-12T19:58:00+00:00By Scuttlebutt

Spirit AeroSystems announced Mindy McPheeters has been named senior vice president, general counsel and corporate secretary.

Moderna adds chief legal officer

2021-03-12T19:56:00+00:00By Scuttlebutt

Pharmaceuticals and biotechnology firm Moderna announced the appointment of Shannon Thyme Klinger as chief legal officer, effective June 1.

Bush administration veteran joins Activision Blizzard as chief compliance officer

2021-03-05T18:15:00+00:00By Scuttlebutt

Video game giant Activision Blizzard announced Frances Townsend has joined the company as executive vice president for corporate affairs and has been appointed by the board of directors to serve as corporate secretary and chief compliance officer.

Goldman Sachs general counsel to retire

2021-03-05T18:11:00+00:00By Scuttlebutt

Goldman Sachs General Counsel Karen Seymour will retire from the financial services firm at the end of March, according to an internal announcement. Seymour will rejoin Sullivan & Cromwell as a partner.

HanesBrands names chief compliance officer, general counsel

2021-03-05T18:09:00+00:00By Scuttlebutt

Multinational clothing company HanesBrands announced Tracy Preston has been named general counsel, corporate secretary and chief compliance officer.

Carnival general counsel steps down

2021-03-05T18:06:00+00:00By Scuttlebutt

Global cruise line operator Carnival Corp. announced Arnaldo Perez has stepped down as general counsel. Perez, who held the position since 1995, will remain at Carnival as senior vice president and company secretary.

Novartis legal chief to resign

2021-03-05T18:01:00+00:00By Scuttlebutt

Swiss-based pharmaceutical firm Novartis announced Chief Legal Officer Shannon Thyme Klinger has decided to resign and return to the United States to take an executive role at a biotechnology company.

Emerson promotes chief compliance officer to SVP

2021-03-05T17:31:00+00:00By Scuttlebutt

Manufacturing giant Emerson announced the promotion of Vice President and Chief Compliance Officer Lisa Flavin to a senior vice president role. Flavin will also join Emerson’s office of the chief executive.

TriMas chief compliance officer departs

2021-03-05T17:29:00+00:00By Scuttlebutt

TriMas, a manufacturer of engineered and applied industrial products, announced Joshua Sherbin, senior vice president, general counsel and chief compliance officer, is leaving the company.

Brian Rabbitt

Former Criminal Division head Brian Rabbitt joins Jones Day

2021-03-02T18:22:00+00:00By Scuttlebutt

Brian Rabbitt, who most recently served as acting assistant attorney general and principal deputy assistant attorney general for the Department of Justice’s Criminal Division, has joined Jones Day, the law firm announced.