FIMBank Group appoints Head of Compliance

25.07.2011

Caption:
FIMBank recently strengthened its management team by employing Michael Davis as its Group Head of Compliance

The FIMBank Group has announced the appointment of Michael Davis as its Head of Compliance. Davis, who has 19 years’ regulatory and compliance experience in the UK, joins FIMBank from the Macquarie Group, where he held the post of EMEA Head of Compliance for the past eleven years. Prior to specialising in compliance, Davis also gained banking experience in trading foreign exchange, money market instruments and commodity derivatives.

At Macquarie, Michael Davis was responsible for setting up the company’s compliance infrastructure throughout the region in a period of extraordinary growth which saw staff numbers soar from 45 in 2000 to over 1,500 in 2011. During that time, he was also responsible for managing relationships with key regulators throughout the UK, Europe, South Africa and the Middle East. Davis has also played an active role on various industry association committees in the UK, specializing in compliance and regulatory issues.

Commenting on the appointment, FIMBank’s Head of Banking and Deputy President, Dr Armin Eckermann, said: "We are pleased to have Michael joining our team, as he brings with him extensive and expert knowledge in the international banking regulatory field. Michael’s professional integrity and track record are in consonance with FIMBank’s commitment towards integrity in the marketplace coupled with the delivery of a quality service to all our clients."

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