Reported by: Mengqi Sun

Deutsche Bank AG tapped a veteran of BarclaysPLC and American Express Co. to be its new chief compliance officer and reshuffled other positions as the German lender works to revamp its compliance programs in the wake of several regulatory investigations in recent years over its business conduct and compliance controls.

Laura Padovani will join Deutsche Bank on April 1 as its group chief compliance officer and head of compliance, according to a memo seen by The Wall Street Journal. Ms. Padovani spent seven years at Barclays, most recently as its compliance chief, and 20 years at American Express. She will be part of Deutsche Bank’s executive committee and will be based in London with a presence in the Frankfurt office, the announcement said.

Ms. Padovani’s experience in implementing change and remediating financial-crime risk at a global company as well as her experience in dealing with regulators will help Deutsche Bank’s compliance team “in reaching the next level,” according to the announcement from Stefan Simon, the bank’s chief administrative officer.

Read full report: https://www.wsj.com/amp/articles/deutsche-bank-names-new-compliance-chief-as-part-of-reshuffle-11673986216