Some Chief Compliance Officers in the news over the past few weeks – for the wrong reasons. One is leaving (Credit Suisse) and one is staying (home under house arrest). Both quotes below are from Aaron Nicodemus articles in Compliance Week.
“Credit Suisse’s chief risk and compliance officer has stepped down from her role and left the company following the bank’s loss of an estimated $4.7 billion due to the meltdown of hedge fund Archegos Capital Management… Brian Chin, CEO of the Investment Bank and Lara Warner, Chief Risk and Compliance Officer will step down from their roles.” https://www.complianceweek.com/grapevine/credit-suisse-compliance-chief-steps-down-in-archegos-collapse-aftermath/30229.article
“A former Securities and Exchange Commission (SEC) examiner who used insider information about an ongoing fraud investigation to obtain the chief compliance officer job with a private equity firm has been sentenced to nine months of home confinement.”