JPMorgan Chase & Co has named a new head of compliance and shifted reporting lines for control officers as it sharpens its focus on regulatory obligations amid multiple government investigations.
Cindy Armine, co-chief control officer, will replace Martha Gallo, who has been chief compliance officer for the past two years, according to an internal announcement to employees on Wednesday. Gallo, who has been with the bank for more than 30 years, is considering taking another senior job at the bank, according to the memo.
Shannon Warren, the other co-chief control officer, will now have that role solely. Christine Larsen, who had been involved with an operational performance drive, will now be responsible for management of the company's most significant regulatory matters, the memo said.
The bank is shifting responsibility for its compliance functions from its legal group to its two co-chief operating officers, Frank Bisignano and Matt Zames. The moves will place compliance, oversight
This article is only available in full to Compliance Complete
Australasia Asia UK and Europe Middle East North America Africa Latin America & Caribbean Subscribers who are logged in.
Please log in to see if you can view this content.