- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Washington Federal, the parent company of Washington Federal (WaFd) Bank, announced the promotion of Chief Risk Officer Kelli Holz to chief financial officer, effective Jan. 1, 2023.
Holz brings 34 years of finance and risk experience in various leadership positions, including previously serving as controller and interim chief financial officer at Horizon Bank prior to its acquisition by WaFd Bank.
Holz succeeds the retiring Vincent Beatty.
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The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
The Department of Justice has added antitrust compliance guidance in an update to its Evaluation of Corporate Compliance Programs.
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