RBC appoints Wendy Phillis from ICAP as MD for Regulatory role

The Royal Bank of Canada added to the list of changes in its senior management by hiring Wendy Phillis from ICAP to join it as Managing Director of Governance and Regulatory Solutions in Europe and Asia-Pacific for its investor and treasury services unit.

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Wendy previously worked with ICAP for around 3 years as Group Chief Risk and Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Officer where she had led ICAP’s Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and compliance functions globally in voice broking, electronic broking and post-trade risk mitigation services.

Prior to that, Phillis worked at State Street for a little over than 16 years. There she served as the Head of Risk Management for the Europe, Middle East and Africa Regions (EMEA) for around 3 years before becoming the Chief Operating Officer for EMEA and Senior Managing Director for the Global Markets.

This hiring follows the appointment of Hong Paterson as RBC’s Singapore Country Manager in July to lead the investor and treasury services business in Singapore.