In other People Moves news, SEC fills key post for OCIE technology controls program while the FDIC has a new ombudsman.
Deutsche Bank Names Head & Deputy of Anti-Financial Crime for the Americas
Richard Weber, MD, head of anti-financial crime for the Americas, Deutsche Bank
Deutsche Bank has appointed Richard Weber as managing director and head of anti-financial crime for the Americas and Irwin Nack as managing director and deputy head of anti-financial crime for the Americas.
Weber will report to Philippe Vollot, global head of anti-financial crime and group anti-money laundering officer, and to Stuart Clarke, chief operating officer (COO) for the Americas, according to the bank’s statement. He will also join the global AFC executive committee.
Nack, who started at the bank in May, will report to Weber.
Weber joins from the Internal Revenue Service, where he served as chief of the criminal investigation division (IRS-CI) for the past five years, according to the statement.
“Before IRS-CI, Weber was the Deputy Chief of the Investigation Division and Chief of the Major Economic Crimes Bureau in the Manhattan District Attorney’s Office. He previously served as Chief of the Asset Forfeiture and Money Laundering Section at the US Department of Justice and as an Assistant United States Attorney in the Eastern District of New York,” according to bank officials.
Nack, with more than 20 years of anti-financial crime experience, joins from the Bank of Tokyo-Mitsubishi UFJ where he most recently was
Irwin Nack, MD, deputy head of anti-financial crime for the Americas, Deutsche Bank
head of global financial crimes advisory, per the bank. “He was previously the bank’s Chief Compliance Officer for the Americas, a role he assumed after serving as Head of Bank Secrecy Act / Anti-Money Laundering (BSA/AML) for the Americas.”
The Federal Reserve Board recently hit the U.S. operations of Deutsche Bank AG with a $41 million penalty and a cease and desist order, alleging AML deficiencies that bank officials pledged to fix.
SEC Promotes for OCIE Associate Director’s Post
The SEC reports that Keith E. Cassidy has been named associate director, technology controls program, in the office of compliance inspections and examinations (OCIE).
Keith E. Cassidy, associate director, technology controls program, OCIE, SEC
Cassidy began his SEC career as an attorney advisor in the office of legislative and intergovernmental affairs in 2010, was promoted to deputy director in 2011, and became director of the office in 2016, officials say.
Formerly, Cassidy worked as chief of staff and counsel at the U.S. Department of Justice’s office of legislative affairs, and as a legislative assistant in the United States Senate.
FDIC Appoints New Ombudsman
The Federal Deposit Insurance Corp. (FDIC) has appointed M. Anthony Lowe to the post of FDIC ombudsman and director of the office of the ombudsman.
The ombudsman’s office “interacts extensively with bankers, other industry representatives, community groups, and members of the public to answer questions and hear concerns about FDIC policies and regulations,” per an FDIC statement. “The office serves as both a resource and a liaison to facilitate the resolution of issues with financial institutions fairly and impartially.”
Lowe will be based in Chicago and will assume his new duties July 2. He replaces Cottrell Webster, who previously retired from the FDIC.
A 32-year FDIC veteran, Lowe has served as the agency’s Chicago regional director for the divisions of risk management supervision and depositor and consumer protection since September 2008, according to the statement.
“Previously, he held the positions of deputy regional director, risk management, Dallas region; assistant regional director, risk management, Dallas region; case manager, Dallas region; and commissioned examiner – Shreveport, Louisiana, territory,” according to the FDIC.
Kansas City Regional Director James D. LaPierre will serve as the acting regional director in Chicago through September 29, 2017. John R. Jilovec, the deputy regional director for risk management in Kansas City, will serve as acting regional director in Kansas City, officials say.
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