FRANKFURT Jan 5 Deutsche Bank has
named Philippe Vollot as its new head of fighting financial
crime, it said, replacing Peter Hazlewood who is leaving the
post after just six months.
Vollot, previously the lender's Chief Operating Officer for
regulation, compliance and anti-financial crime, has been with
Germany's biggest bank for more than 13 years, the bank said on
Thursday in an internal memo seen by Reuters.
Deutsche Bank wants to raise the number of staff in
anti-financial crime operations by around 50 percent this year
to more than 1,150 people, it said.
Germany's biggest bank is seeking to settle money-laundering
allegations in Russia, faces further investigations into alleged
U.S. sanction breaches in Iran and elsewhere, and into suspected
manipulation of foreign exchange rates.
(Reporting by Alexander Huebner. Writing by Andreas Cremer.)