Deutsche Bank has named Elizabeth J. Ford as new head of compliance in the Americas, effective January 2015, replacing Eric Gallinek.
In his new role, Ford will report to Nadine Faruque, who is joining the firm as global head of compliance from UniCredit SpA in December this year.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The move comes as the bank pledged to improve controls following criticism from regulators.
Ford joined Deutsche Bank from Goldman Sachs, where he served as global head of compliance for investment banking, merchant banking and the firm’s executive office.
Meantime, Gallinek will relocate to London next year to head Deutsche Bank Asset & Wealth Management’s global compliance function.
In July, Deutsche Bank said that was spending 1bn to improve controls and reporting systems, including adding about 500 people in the U.S.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataJacques Brand, CEO of Deutsche Bank’s North America business, said: "As we fortify our management team across all critical infrastructure areas to support our growing US business, we look forward to the insight Ford will bring to the Bank."
In 2013, the New York Federal Reserve found errors in regulatory reports showed inadequate oversight in Deutsche Bank’s US operations.
