BNY Mellon Secures Robert Allan as its Head of EMEA Compliance Surveillance

Global investment group and asset managing leader, BNY Mellon, has made a key appointment in its regulatory unit, adding Robert Allan as its Head of Europe, Middle East, and Africa (EMEA) Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Surveillance with immediate effect, Finance Magnates has learned.

In his new role, Mr. Allan will be based out of London, where he will help steer the group’s regulatory focus. The position is his first outside the realm of CIBC World Markets, which he worked at for a period of nearly eighteen years, dating back to 1998.

During his time at CIBC World Markets, Mr. Allan worked as its executive director based out of London, with regular secondments to Singapore, Hong Kong, Tokyo and Toronto. He played a pivotal role in the group’s desk management, including compliance, Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term issues, and monitoring, according to information made public on his Linkedin profile.

The appointment is the first at BNY Mellon since the promotion of John Weir as the head of its freshly launched Application Platform and Services Group (APSG), a diverse unit of the company's Client Technology Solutions organization, earlier this year. Mr. Weir has since focused on the enabling and development of technologies in a bid to help augment the productivity of application developers, namely the company's new NEXEN digital platform.