Elizabeth (Jan) Ford Joins Deutsche Bank as Compliance Head, MD

Deutsche Bank has appointed Elizabeth Ford (Jan) as its newest Managing Director and Head of 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 – Americas, following a 25-year stint with Goldman Sachs, as the bank moves to fortify its compliance division.

Virtually every leading bank has been active in its hires in H2 of 2014, likely in an attempt to mitigate a lingering stigma garnered from a string of global probes centering on Libor Libor Libor stands for London Inter-bank offered rate. It is an industry-specific term which most of us would never have heard of until the "Libor scandal" became popularized in 2012. Libor is considered to be one of the most important interest rates in finance, upon which trillions of financial contracts rest. The Libor rate effects over $800,000,000,000,000 in financial deals. Banks simply cannot lend money to one another whenever they like as there is a system in place. Every day a group of leading Libor stands for London Inter-bank offered rate. It is an industry-specific term which most of us would never have heard of until the "Libor scandal" became popularized in 2012. Libor is considered to be one of the most important interest rates in finance, upon which trillions of financial contracts rest. The Libor rate effects over $800,000,000,000,000 in financial deals. Banks simply cannot lend money to one another whenever they like as there is a system in place. Every day a group of leading Read this Term and FX rate manipulation allegations.

In her new role at Deutsche Bank, Miss Ford will be based in New York and report to Nadine Faruque. Miss Faruque will herself be joining the Deutsche Bank as Global Head of Compliance and Member of the Group Executive Committee

Miss Ford will be succeeding Eric Gallinek, who was previously the bank’s Head of Compliance, Americas and has since relocated to London. Prior to joining Deutsche Bank, Miss Ford spent 25 years at Goldman Sachs in a variety of senior level roles, including Global Head of Compliance, among others.

According to Jacques Brand, CEO of Deutsche Bank North America and Member of the Group Executive Committee, in a recent statement on the appointment, “As we fortify our management team across all critical infrastructure areas to support our growing US business, we look forward to the insight Jan will bring to the Bank. In addition we’d like to thank Eric for his contributions and wish him well in London.”