Deutsche compliance head joins Herbert Smith

March, 07 2014

Andrew Procter, global head of compliance at Deutsche Bank, is to join Herbert Smith Freehills in June and will probably be replaced by two people in a split role.

Andrew Procter, global head of compliance at Deutsche Bank, is to join Herbert Smith Freehills 360b

Sources close to the bank have said that two new posts - compliance head and head of government affairs - are likely to be created to fill the brief. Mr Procter’s departure comes at a difficult time for the bank which is dealing with numerous regulatory and legal issues. For instance, the bank is dealing with both US and UK regulators over its alleged role in the manipulation of the Libor benchmarks. Source: Financial Times