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Deutsche Bank Names Philippe Vollot as AML Chief
[Photo: Deutsche Bank Statues, by Kai Pfaffenbach / Reuters]
One day after announcing that Peter Hazlewood would step down as AML chief compliance officer, Deutsche Bank has appointed Philippe Vollot to the role. Mr. Vollot is DB’s 3rd global head of financial crime-fighting in less than a year.
Mr. Vollot has been at Deutsche Bank for 13 years and is currently the global COO for compliance, anti-financial crime, and government and regulatory affairs. He’s has held numerous legal, compliance and operations roles at Deutsche Bank while based in Paris, the Middle East and London. In early 2015 he was named to oversee the bank’s regulatory relationships globally. He previously worked at Barclays PLC and in the 1990s worked as legal counsel with France’s primary financial regulator.
He will report to Sylvie Matherat, DB’s CRO (chief regulatory officer) and a member of its management board. In Thursday’s internal staff memo, Ms. Matherat said that the bank is in discussions with Mr. Hazlewood about an advisory role.