Deutsche Bank has appointed Philippe Vollot as its new global head of anti-financial crime (AFC) and group money laundering reporting officer (MLRO), replacing Peter Hazlewood who is stepping down after just six months in the role.

Vollot will be based in Frankfurt and will remain as a member of the executive committee. He will report to Deutsche Bank chief regulatory officer and member of the management board Sylvie Matherat.

“Following the end of his contract, I would like to thank Peter Hazlewood for his service. We are currently in discussions with Peter regarding an advisory role,” Matherat said.

Philippe spent over 13 years at the German bank, most recently as its global COO for regulation, compliance and AFC. His previous roles at the bank include global head of regulatory relationship, and head of European compliance.

He earlier also served at Barclays Capital and at the French Financial Markets Authority.