The Wolfsberg Group Secretariat is pleased to announce that the primary delegates of the Wolfsberg Group member banks have elected Carolina Garces, Global Head of Financial Crime Compliance for Santander, as the new Co-Chair of the Group. She replaces David Howes, Global Head of Financial Crime Compliance for Standard Chartered, whose term finished at the end of 2022. Ms. Garces will serve as Co-Chair with existing Co-Chair William Langford, MUFG Bank Global Head of Financial Crimes Compliance and Chief Compliance Officer for the Americas. The Wolfsberg Secretariat thanks Mr. Howes for the significant accomplishments under his role as Co-Chair. Ms. Garces’ term as Co-Chair runs from January 1, 2023 through to the end of 2024.

Ms. Garces joined Santander in 2019, having previously held senior roles at multinational financial institutions such as HSBC, Goldman Sachs, BlackRock, and RBS. She also serves as a member of the Executive AML/CFT Committee of the European Banking Federation.