New appointment: Laura Padovani to assume role of Chief Compliance and AFC Officer on our management team
In a strategic move to strengthen its control environment, Deutsche Bank has appointed Laura Padovani as its new Chief Compliance and Anti-Financial Crime Officer. Padovani, who will join the Management Board effective July 1, brings over two decades of experience in compliance and anti-financial crime functions, having previously worked in various management positions in several major financial institutions.
Before joining Deutsche Bank, Padovani spent seven years at Barclays, most recently as Group Chief Compliance Officer. Prior to Barclays, she spent 20 years at American Express, demonstrating a long-standing commitment to the financial sector.
Nita Patel, who will join the bank as Head of AFC and Group Anti-Money Laundering Officer, effective September 1, will be working alongside Padovani. Patel, who boasts more than 25 years of experience in compliance and anti-financial crime functions of leading financial institutions, most recently served as the Chief Compliance Officer and a Member of the Group Executive Board of Credit Suisse.
Graham Kent, who is Padovani's successor in her previous role as Chief Compliance Officer, will continue to be based in London, while Padovani and Patel will be based in Frankfurt.
Alexander Wynaendts, Chairman of the bank's Supervisory Board, stated that Padovani has made important contributions to strengthening the bank's control environment. Christian Sewing, Chief Executive Officer, added that Padovani's focused mandate and experience will enable a better integration of day-to-day control tasks within the business units.
Stefan Simon, who has been with the bank for almost 20 years, working in various senior positions, first in Legal, then in Compliance functions for several areas of the bank, will continue to focus on his critical role as Management Board member responsible for the Americas region and Legal & Group Governance. This new setup allows Simon to further develop the Americas, which is a strategic core market and major growth region for the bank.
The bank is setting up its control framework in line with industry best practice, reflecting its commitment to maintaining the highest standards of compliance and anti-financial crime. This appointment is part of Deutsche Bank's ongoing efforts to enhance its control environment and ensure a robust and effective compliance function.
- With her extensive experience in investment banking, Laura Padovani, previously the Group Chief Compliance Officer at Barclays, will now take on the role of the Chief Compliance and Anti-Financial Crime Officer at Deutsche Bank, bringing her finance and business acumen to the Management Board.
- Nita Patel, who has a long-standing commitment to the finance sector with over 25 years of experience in compliance and anti-financial crime functions, will join Deutsche Bank as Head of AFC and Group Anti-Money Laundering Officer, working alongside Padovani to ensure that the bank maintains industry-standard compliance and adheres to the highest standards of anti-financial crime.
