All Change at the Bank for International Settlements

The Bank for International Settlements (BIS) has named Jerome Powell, chair of the Federal Reserve System, as chair of the Global Economy Meeting and Economic Consultative Committee. He succeeds Mark Carney. John Williams, president of the Federal Reserve Bank of New York, becomes chair of the BIS Consultative Council for the Americas. Sir Jon Cunliffe, deputy governor of the Bank of England, becomes chair of the Committee on Payments and Market Infrastructures. Separately the BCBS selected François Villeroy de Galhau, Governor of the Bank of France, as chair replacing Mario Draghi. ECB president Christine Lagarde becomes a BIS board member.

Finantix Appoints Two Senior Hires to European Team

Technology provider Finantix technology has appointed two further senior hires as part of the Finantix Swiss-based team. Albert Iselin joins as Executive Director for DACH (Germany, Austria, and Switzerland) and Anja de Troyer joins as Client Product Manager, both with the remit to support and further grow the firm’s presence in the region. Albert joins Finantix from Avaloq, where he spent 14 years in various roles, while Anja has more than 20 years of industry experience gained through positions held in strategic and business consultancy, chief of staff, sales and product management roles covering European as well as global markets.

MetricStream Creates ‘Office of the CEO’

California-based Governance, risk and compliance (GRC) and integrated risk management (IRM) solutions provider MetricStream has created a new ‘Office of the CEO’ led by Andreas Diggelmann, interim CEO, and Gaurav Kapoor, COO. Former CEO Mikael Hagstroem has left to pursue other interests, but will retain a seat on the board.

Diggelmann was formerly EVP and CTO at MetricStream responsible for products, engineering, and consulting; while Kapoor Kapoor has been involved with the company since its inception, responsible for its Go-to-Market strategy including sales, marketing, communities, partner and alliances ecosystem and geographic expansion.

Muinmos Appoints Conor Ringland as New CCO

Regulatory compliance firm muinmos has hired Conor Ringland as its new Chief Commercial Officer, to be based in London and focused on growing out the muinmos PASS solution – a SaaS product using AI to deliver real-time compliance checks for financial institutions. Ringland was previously Chief Operating Officer at Concordium Foundation, and has also held roles as CEO of Walbrook Capital Markets, Head of Financial Markets (Digital) at Lloyds Commercial Bank, and Head of Front Office, Saxo Capital Markets.

Treliant Appoints David Caruso

Washington DC-based multi-industry consulting firm Treliant has appointed financial crime expert David Caruso as Managing Director, to help the firm’s navigate the changing global AML landscape. Prior to joining Treliant, Caruso was the Chief Client Officer of a RegTech software company whose machine intelligence application improved how AML teams search and use adverse media in risk rating, transaction monitoring, and suspicious activity detection. Previously, he founded an AML consulting firm, and before that was Chief Compliance and AML Officer at Riggs Bank, where he built a compliance, investigations, and security department in response to an enforcement action, and led the implementation of a new AML program across US and UK business lines.

LogicGate Expands Leadership Team

LogicGate, an agile process automation platform helping organisations to operationalise governance, risk, and compliance programs, has announced the addition of two new leaders to its team. Gina Hortatsos joins the company as Chief Marketing Officer while Emily Heath, most recently United Airlines’ Chief Information Security Officer, has been named to the board of directors*

IHS Markit Expands SFTR Team

IHS Markit has boosted its SFTR coverage yet further with the hire of Rashid Ali (formerly of State Street) as Director and Lead Business Analyst for STFR and Que-Phuong Dufournet (previously with Morgan Stanley) as Director, SFTR regulatory affairs. Stuart Day, who left the firm to join a hedge fund last year, has also returned to the team as Director this month. All three will report to Pierre Khemdoudi, Managing Director and Global Co-Head of Equities, Data and Analytics.

Carlo di Florio Joins ACA Compliance Group

Carlo di Florio has joined ACA Compliance as Global Chief Services Officer. He joins from FINRA, where he served as Chief Risk & Strategy Officer and as Co-Chair of the FINRA360 Project Management Office. Prior to joining FINRA, di Florio served as Director of the SEC’s Office of Compliance Inspections and Examinations, where he oversaw the National Exam Program from 2010-2013.

His new responsibilities will include oversight, management, and strategic growth of ACA’s global regulatory compliance, cybersecurity and risk, AML and financial crimes, and performance practices. He also will focus on enhancing ACA’s infrastructure and technology for its service-based offerings.

TP ICAP Hires Head of Compliance

Intermediary giant TP ICAP has appointed senior US regulator Amir Zaidi as its new global head of compliance. Zaidi previously spent nine years with the US Commodities Futures Trading Commission (CTFC), which regulates the US derivatives market – most recently as Director, Division of Market Oversight. He also worked as Legal Counsel & Policy Advisor for two Commissioners and Special Counsel, Division of Market Oversight. Prior to his career at the CFTC, Zaidi worked at the Financial Industry Regulatory Authority (FINRA) and at Arnold & Porter LLP. He will be based in TP ICAP’s New York office from September 2019.

Revolut Hires Financial Crime Head

Digital challenger bank Revolut has hired Philip Doyle as its new head of financial crime. His previous roles include head of financial crime at UK-based clearing bank ClearBank and fraud prevention manager at Visa. The new hire comes following recent queries by UK regulators around Revolut’s money laundering controls, amid a record number of complaints to the financial ombudsman for a digital bank.