Complinet expands its Regulatory Affairs team to help firms meet global regulatory obligations Tuesday 27 May 2008 PDF Print - New team members in London, New York and Dubai to provide timely updates and practical analysis to help compliance professionals manage regulatory change - New York, NY and London, UK – May 27, 2008 – Complinet, the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry, today announced a further expansion of its Regulatory Affairs team based across London, New York and Dubai. New members have joined the team to meet increasing demand among compliance professionals for assistance with the management of complex, voluminous regulatory change, as well as the assessment of, and preparation for, the impact of change on financial services organisations. The Regulatory Affairs team comprises a diverse group of compliance professionals whose many years of experience working at leading law firms, regulators and regulated entities combine to deliver Complinet’s Tracker service. Tracker provides automatic daily updates and email alerts related to regulatory change announced by trade associations, exchanges, regulators and other government agencies. These alerts are supported by critical impact analysis on pre- and post-consultation and rule proposals. This allows busy compliance practitioners to assess the effect of regulatory announcements on their organisations quickly and confidently. Maria Redmond, Head of Complinet’s Regulatory Affairs team, said that the growth was in response to mounting pressure on financial services companies to achieve risk management efficiencies with limited compliance resources. She said, “2007 was a very demanding year for compliance professionals. In addition to regular responsibilities, they have had to prepare for, and in some cases implement, major regulatory initiatives. These include the introduction of principles-based regulation, MiFID, Basel II, C-25 and the prospect of a merged FINRA/NYSE rulebook. All in the wake of the credit crunch when compliance budgets and staff levels have been frozen or cut. Compliance professionals find it tough to stay on top of everything, so they are increasingly looking to us for information and advice about what they need to do and when.” The Complinet Regulatory Affairs team includes: Maria Redmond: Maria is now the Head of Regulatory Affairs for Complinet. She has 18 years’ experience in the UK financial sector, including senior compliance roles with a UK regulator and Credit Suisse Securities. Stacey English: Previously Head of Governance, Reporting and Intelligence at Barclays Bank, Stacey’s career history includes roles with a UK regulator and insurance providers Aviva and Lloyds of London. Susannah Hammond: With 20 years of wide-ranging UK and international compliance experience, Susannah was most recently Head of Compliance at GE Capital Bank. Helen Parry: Helen is a specialist in international financial crime. She was previously editor and contributing author to Sweet and Maxwell’s Law and Regulation series of manuals on financial law. Helen Camfield: Helen is Content Manager for Complinet Tracker, ensuring that its wide range of expert content and events information is accurate and reviewed regularly. Barbara Stahl: Barbara previously spent five years as a Manager in the Compliance Department of the New York Board of Trade, overseeing compliance across a wide range of futures and options contracts. William Anderson: Will is a highly experienced securities lawyer with previous experience including global risk management for Arthur Andersen and a senior compliance role with Bear Stearns. Stuart Gittleman: Formerly a specialist in law and business for legal news publisher American Lawyer Media, Stuart now reports on daily news and upcoming regulatory developments for Complinet clients. Paula Kanno: Paula has had a variety of senior compliance roles with investment banks and broker-dealers in the US, including Dresdner Kleinwort, Deutsche, Harris Nesbitt and most recently was VP in Compliance at HSBC Securities. Chris Pilling, CEO of Complinet, said that the company would continue to invest in the Regulatory Affairs team and in innovative technologies to deliver timely information and advice to its expanding client base while continuing to grow the business across Europe, America, the Middle East, and Asia Pacific. “Clients tell us that our combination of expert knowledge and web-based information services allows them to do an extremely demanding job far more efficiently, reducing the risk of their firm falling behind with its compliance obligations,” he said. “For this reason, we will continue to expand our services to the compliance community to meet worldwide client demand.” About Complinet Complinet is the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry. The company’s solutions minimise exposure to risk by providing the information and technology to track and connect live external events, such as regulatory or sanction changes, with internal policy management and screening activities. Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London, Sydney and Dubai. Every day, industry professionals in more than 1,600 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing regulations. [ends] UK Sally Forge Prompt Communications Tel: +44 (0)20 8996 1652 Email: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Prompt Communications Ltd in the following categories: Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.