Deutsche Bank has named Nadine Faruque as new global head of compliance, effective 1 December 2014.
In her new role, Faruque will be responsible for the Bank’s Compliance department and will work closely with the business divisions and infrastructure functions to deliver a strong and integrated control agenda as part of the Bank’s strategy.
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Faruque will report to Stephan Leithner, member of the management board whose functional responsibilities include Compliance.
At the same time, Faruque will become a member of the Group Executive Committee (GEC) which conducts advisory, coordinating, performance-monitoring and decision-preparing functions for the management board.
Faruque joined Deutsche Bank from UniCredit where she served as general counsel and group compliance officer. Previously, she also served as a member of the CEO Office and the executive management committee and had overall responsibility for the legal and compliance coverage for Retail Banking, Private Banking, Asset Management and Corporate & Investment Banking.
Prior to joining UniCredit in 2008, she worked in senior roles at Merrill Lynch.
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By GlobalDataJürgen Fitschen and Anshu Jain, Co-CEO’s of Deutsche Bank, said: "We welcome Nadine Faruque to Deutsche Bank and look forward to working with her on our vital Compliance agenda. We place the highest value on maintaining strong controls that are based on the values of discipline and integrity. Nadine’s leadership will help to shape our Bank’s future."
