Compliance: Interactive Brokers Taps SVB Exec; Amana’s Leaves for Xenfin
- Beth Beam joined IB while and Patrick Lindsay joined Xenfinex Capital.
- Both executives bring decades of experience to their new roles.
Two financial industry executives have found new homes at Interactive Brokers and Xenfin Capital. Beth Beam, a former Senior Director of Sanctions Compliance at the failed US bank, Silicon Valley Bank (SVB), joined Interactive Brokers as the Global Head of Sanctions Compliance. On the other hand, Patrick Lindsay left the role as the Director & Head of Compliance at Amana Financial Services UK to join the electronic forex market maker, Xenfin Capital, as the Compliance Director.
Both executives announced their new appointments through LinkedIn. While Beam joined the popular American electronic trading platform after nearly seven years at SVB, Lindsay left Amana Capital’s UK subsidiary after just over five years. However, both parties bring decades of experience to their roles, with the former boasting of about two decades and the latter more than three decades.
Industry Compliance Veterans
Apart from SVB, Beam has worked for a number of high-profile financial organizations, including Citi, Ernest & Young (EY), the World Bank and the Department of Treasury. She was the Senior Vice President of Global Sanctions Compliance at Citi between May 2014 and July 2016. Before that, she served as the Manager of Assurance Services, Fraud Investigation and Dispute Services at EY.
Between 2009 and 2012, Beam served the United States as an Enforcement Officer with the United States Department of Treasury’s Office of Foreign Asset Control. She started out her career as an Honors Paralegal Specialist with the US Department of Justice Antitrust Division, Criminal Enforcement Section in July 2004.
Additionally, Beam spent a short stint with the World Bank’s Department of Institutional Integrity between November 2006 and May 2007. In addition, she spent nearly two years at Allied Capital as Managed Funds Project Coordinator.
Moreover, Lindsay previously worked for top financial services firms, such as Goldman Sachs and the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term). Before Amana, he was Head of Compliance and a Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term Reporting Officer (MLRO) at GKFX, ADS Securities London, and Tradenext Limited.
Furthermore, Lindsay worked as the Deputy Compliance Officer & MLRO at Alpari UK Limited between 2009 and 2011 and previously served as an Associate at the Private Wealth Management unit at Goldman Sachs. At the FCA, he worked with the Transaction Monitoring Unit between 2001 and 2004 when the regulatory body was still called the Financial Services Authority (FSA).
News Nuggets Special: highlights from FMAS 23; read today's news nuggets.
Two financial industry executives have found new homes at Interactive Brokers and Xenfin Capital. Beth Beam, a former Senior Director of Sanctions Compliance at the failed US bank, Silicon Valley Bank (SVB), joined Interactive Brokers as the Global Head of Sanctions Compliance. On the other hand, Patrick Lindsay left the role as the Director & Head of Compliance at Amana Financial Services UK to join the electronic forex market maker, Xenfin Capital, as the Compliance Director.
Both executives announced their new appointments through LinkedIn. While Beam joined the popular American electronic trading platform after nearly seven years at SVB, Lindsay left Amana Capital’s UK subsidiary after just over five years. However, both parties bring decades of experience to their roles, with the former boasting of about two decades and the latter more than three decades.
Industry Compliance Veterans
Apart from SVB, Beam has worked for a number of high-profile financial organizations, including Citi, Ernest & Young (EY), the World Bank and the Department of Treasury. She was the Senior Vice President of Global Sanctions Compliance at Citi between May 2014 and July 2016. Before that, she served as the Manager of Assurance Services, Fraud Investigation and Dispute Services at EY.
Between 2009 and 2012, Beam served the United States as an Enforcement Officer with the United States Department of Treasury’s Office of Foreign Asset Control. She started out her career as an Honors Paralegal Specialist with the US Department of Justice Antitrust Division, Criminal Enforcement Section in July 2004.
Additionally, Beam spent a short stint with the World Bank’s Department of Institutional Integrity between November 2006 and May 2007. In addition, she spent nearly two years at Allied Capital as Managed Funds Project Coordinator.
Moreover, Lindsay previously worked for top financial services firms, such as Goldman Sachs and the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term). Before Amana, he was Head of Compliance and a Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term Reporting Officer (MLRO) at GKFX, ADS Securities London, and Tradenext Limited.
Furthermore, Lindsay worked as the Deputy Compliance Officer & MLRO at Alpari UK Limited between 2009 and 2011 and previously served as an Associate at the Private Wealth Management unit at Goldman Sachs. At the FCA, he worked with the Transaction Monitoring Unit between 2001 and 2004 when the regulatory body was still called the Financial Services Authority (FSA).
News Nuggets Special: highlights from FMAS 23; read today's news nuggets.