Deutsche Bank announced today that Nadine Faruque, 53, will join as Global Head of Compliance on 1 December. In this role, she will be responsible for the Bank’s Compliance department and will work closely with the business divisions and infrastructure functions to deliver a strong and integrated control agenda as part of the Bank’s overall strategy.
Faruque will become a member of the Group Executive Committee (GEC) which performs advisory, coordinating, performance-monitoring and decision-preparing functions for the Management Board.
Faruque joins from UniCredit where she was General Counsel and Group Compliance Officer. She will report to Stephan Leithner, member of the Management Board whose functional responsibilities include Compliance.
Jürgen Fitschen and Anshu Jain, Co-Chief Executive Officers of Deutsche Bank, said: “We welcome Nadine Faruque to Deutsche Bank and look forward to working with her on our vital Compliance agenda. We place the highest value on maintaining strong controls that are based on the values of discipline and integrity. Nadine’s leadership will help to shape our Bank’s future.”
Faruque joined UniCredit in 2008 as General Counsel and Group Compliance Officer; she was also a member of the CEO Office and the Executive Management Committee. She had overall responsibility for the Legal and Compliance coverage for Retail Banking, Private Banking, Asset Management and Corporate & Investment Banking. Before that, she worked in senior positions at Merrill Lynch.
Faruque completed her legal studies at the University of Bern and holds an L.L.M. Degree from Duke University School of Law (North Carolina, USA). She is a qualified Swiss and US attorney.