Standard Chartered Bank has appointed the former acting head of the Financial Conduct Authority Tracey McDermott as Group Head, Compliance.
This is in addition to her role as Group Head, Corporate Affairs and Brand & Marketing.
Mark Smith, Group Chief Risk Officer, will jointly lead the Risk and Compliance function with Tracey, the bank said.
The two will represent Risk and Compliance respectively on the Bank’s Management Team and continue to report to Bill Winters, CEO.
Winters said, “Mark and Tracey will focus on building a unified model that provides effective and timely pan-Risk and Compliance advice and support to the business.
“A ‘best in class’ Risk and Compliance team, working jointly with our client businesses to identify and enable appropriate opportunities, and with a focus on the client, is a significant competitive advantage for us.”
Author: KYC 360