Crestbridge has appointed Stephen Mitchell to the role of Director, Compliance Officer & Money Laundering Reporting Officer (MLRO) in the UK, as the business continues to expand its Group risk function.
In his new role, Stephen (pictured) will, with approval from the FCA and HMRC, assume compliance oversight and money laundering reporting responsibilities for Crestbridge’s UK entities.
Stephen will be responsible for overseeing the regulatory framework in the UK businesses and acting as a point of contact with regulatory bodies, whilst also playing a pivotal role in monitoring the evolving regulatory landscape for the business.
With over 30 years’ experience in compliance, Stephen joins Crestbridge from his role as Head of Compliance for Railpen, a regulated entity managing approx. £35bn of pension assets in the UK. Prior to that he held senior compliance roles for a number of major regulatory, banking, investment and asset management organisations, overseeing and implementing compliance policy and frameworks across the institutional and private client space in the UK, Channel Islands, Europe, US and Asia.
Commenting on Stephen’s appointment, Group Chief Risk Officer at Crestbridge, Siân Dalrymple, said: “I am delighted to welcome Stephen to our London office. His significant experience earned over an extensive career in major UK and international firms spanning a number of industry sectors, will be an invaluable addition to our already experienced Group risk function.
“Stephen’s appointment further reflects our commitment to ensuring first-class capabilities in respect to risk, compliance and anti-money laundering, in what is an increasingly complex environment.”