The Wolfsberg Group is pleased to announce the appointment of Stevenson Munro as Co-chair and the addition of Rachel Sloan to its Management Committee. “Steve and Rachel bring exceptional and complementary expertise to the Group,” notes current Co-chair Emma Molvidson of UBS. “At a time when new challenges—ranging from cryptoassets to a rapidly evolving geopolitical landscape—are pushing institutions to their limits, fresh thinking and strong leadership are essential to the fight against financial crime. I am genuinely grateful for the opportunity to share the leadership of the Group with such experienced colleagues, and I would like to personally thank Jennifer Calvery for her leadership, dedication, and the thoughtful way she guided the Group during her time as Co-chair.”

Steve brings deep expertise in financial crime risk and compliance. As Global Head of Financial Crime Risk at Standard Chartered Bank, Steve is responsible for setting and driving the bank’s global approach to managing financial crime risk, including AML, sanctions, anti-bribery and corruption, and fraud. Since joining the bank in 2015, he has helped shape and evolve its financial crime framework, having first taken on the role of Global Head of Sanctions Compliance. Steve’s career spans senior leadership positions across a number of international financial institutions. He also brings public-sector experience, having previously served as Deputy Chief Counsel at the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), where he supported the design and implementation of U.S. economic sanctions regimes. She also previously served as a Partner at Deloitte Financial Advisory Services, advising financial institutions on the remediation of AML consent orders and the modernization of AML frameworks. Rachel holds a Bachelor of Laws and a Bachelor of Commerce from the University of New South Wales, Australia.

Tracey McDermott, member of the Wolfsberg Group Management Committee, notes: “The fight against financial crime has never been more important. We are privileged at the Wolfsberg Group to be able to draw on our members’ experience and expertise to drive greater effectiveness in this fight. It is a testament to the strength of the Group and the commitment of our members that we have colleagues of the experience, calibre and wisdom of Steve and Rachel stepping into these critical roles. I am looking forward to working with them as we take forward our ambitious agenda with our partners in the private and the public sector globally.” Ned Conway, the Executive Secretary of the Wolfsberg Group, adds, “I would like to thank Jen for her strong support as Co-chair over the past two years and continued dedication to Wolfsberg. It has been inspiring to work under her leadership and vision. As the Group continues to focus on demonstrating effectiveness through innovation, Steve moves into the role of Co-chair and Rachel takes up a seat on the Committee at a pivotal moment for the industry. Their perspectives and experience will strengthen our work as we respond to emerging risks and deepen collaboration both within and between the public and private sectors.”

For more information on the Wolfsberg Group, visit our website: www.wolfsberg-group.org