It has been a very busy start to 2017 and we think this activity will continue to accelerate following Chinese new year. Hiring has been broad based, across banking, asset
The biggest news so far is the launch of Arion House UK! William Rowland is leading the business, offering executive search and market intelligence services to our global client base from London. Please reach out to him (E: firstname.lastname@example.org, D: +44(0)20 7096 0811, M: +44(0)78348 58002) or visit him at 32 Threadneedle Street if you are in London.
Asset management needs structure
The most common feedback we have received this month concerns the asset management industry. In conversations with regulators, partners of law firms and heads of compliance, it seems the regulatory pendulum is swinging from banks to asset managers. Asset managers are likely to be closely
Traditionally, compliance teams have formed a sub-set of legal departments within asset managers, will this change? Will compliance be elevated to stand on a par with legal functions; with their own, separate reporting lines, or structured more like the banks; with product aligned compliance officers, separate surveillance
Whilst European and American banking institutions are
This push into western markets has been accompanied by a growth in Chinese banking representation. This makes sense, as Chinese corporates continue to use their own relationship bankers who they trust and understand their business. As such, we have seen a growth in demand for western regulatory experts to support this growth and ensure they remain on the right side of the regulator. The recent fine by the DFS of the Agricultural Bank of China late last year has certainly focused minds.
Front office is taking over compliance
For the majority of our global
business leaders in the UK still working to understand the true ramifications of the Senior Managers Regime (SMR).
However, there are signs that some see the possibility of a sea-change and are reacting accordingly. Do recent hires from ‘the business’ to senior compliance positions, such as Francois Regnier replacing Anthony Whitehouse at BNP Paribas, signal a shift across the Atlantic to
Anti-bribery & corruption
A recent report from Transparency International, which looked at trends in perceptions of global corruption, concluded that two-thirds of the 168 countries included scored below 50 on a scale from 0 (considered highly corrupt) to 100 (considered very clean). In
In recent months we have seen separate statements from the SEC,
We have seen Rolls Royce hit with heavy fines for historical
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