Wells Fargo Advisors (WFA) has appointed Jim McHale as its new chief compliance officer. He will report to Bob Mooney, chief compliance officer of wealth, brokerage and retirement.
McHale, in his new role, will be responsible for leading the compliance function for WFA’s retail brokerage business, including oversight of products and regulatory compliance, internal controls, anti-money laundering, regulatory change management, and regulatory affairs.
He will also serve on the firm’s Operating Committee, stltoday.com has reported.
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Most recently, he held positions as global head of Brokerage Compliance at E*TRADE Financial Corporation and associate general counsel for the Securities Industry and Financial Markets Association (SIFMA).
Mary Mack, president and head of Wells Fargo Advisors, commented: "Jim is an exceptional addition to our team. He has the skills, perspective and leadership required to help WFA thrive in an increasingly complex and demanding regulatory environment."
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