The Wolfsberg Group is proud to celebrate its 25th anniversary as a leading voice in the global fight against financial crime. The Group convened recently at Wolfsberg, where the organisation was founded, to reflect on the advances made by the Group in the fight against financial crime and the challenges to come. The Group continues to drive thought leadership and industry collaboration under the co-chairmanship of Jennifer Calvery, Group Head of Financial Crime Risk & Compliance at HSBC, and Emma Molvidson, Global Head of Financial Crime Prevention at UBS.

As the Group commemorates this important milestone, it also marks a transition in leadership. Following the retirement of Hans-Peter Bauer—a founding member and a pivotal figure in the Group’s development—the Wolfsberg Group is pleased to announce the appointment of two new members to its Management Committee: Tracey McDermott and Stevenson Munro.

Tracey McDermott, CBE joins the Management Committee in the role of external senior adviser. She brings with her a distinguished career spanning the public and private sectors. From 2017 to 2024, she served as a member of the Group Management Team at Standard Chartered Bank including as Group Chief Compliance Officer and Group MLRO. Previously, she spent 15 years at the UK Financial Services Authority and its successor, the Financial Conduct Authority (FCA), culminating in her role as acting CEO. Tracey also served on the Bank of England’s Financial Policy Committee and the boards of the PRA, ESMA, and IOSCO.

Stevenson Munro, Global Head of Financial Crime Risk at Standard Chartered Bank, joins the Management Committee with extensive experience in financial crime compliance. In his current role, he leads global efforts across anti-money laundering, sanctions, anti-bribery and corruption, and fraud. Prior to joining Standard Chartered in 2015 as Global Head of Sanctions Compliance, he held senior leadership roles in several global financial institutions. Steve previously served as Deputy Chief Counsel at the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), where he advised on the development and enforcement of U.S. economic sanctions programs.

The additions to the Management Committee were announced at the 25th Anniversary Wolfsberg Forum, which brought together a select group of 100 leaders from around the world dedicated to disrupting financial crime. The key developments and next steps from the Forum are available on the Wolfsberg Group website under "news".

As Executive Secretary Ned Conway remarks, “the Wolfsberg Group is honoured to have such seasoned professionals contributing to its mission and looks forward to their leadership and insights as it continues to shape the global financial crime compliance landscape.”