Solactive poaches Gerhards from Deutsche Bank
Solactive AG has named Svend Gerhards as head of Compliance, effective 4 October 2018. In this new role, Gerhards, formerly vice president at Deutsche Bank, will assume responsibility for Solactive’s compliance function.
Before joining Solactive, Gerhards worked at the Global Markets Legal Department of Deutsche Bank for more than eleven years, serving as senior counsel. His responsibilities included overseeing all legal aspects and regulatory issues concerning the retail structured products and proprietary indices issued and distributed by Deutsche Bank in Germany, Austria and Switzerland.
Prior to this, he worked at a law firm in Frankfurt with focus on banking and capital markets law and is admitted as a lawyer in Germany.
Christian Vollmuth, chief risk officer at Solactive AG, commented: “The European Benchmarks Regulation introduces a sweeping regime of changes for benchmark administrators. This will help ensure the accuracy and integrity of benchmarks, but requires strong compliance, appropriate governance arrangements and controls to avoid conflicts of interest. With Gerhards appointment, Solactive is going to be supervised by the German Federal Financial Supervisory Authority.”