Solactive announces the appointment of Svend Gerhards as Head of Compliance who started on the 4th of October….
In this new role, Svend, formerly Vice President at Deutsche Bank, will assume responsibility for Solactive’s compliance function.
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. In this context, I am very excited to welcome Svend on board. He is a key hire in a time where Solactive is going to be supervised by the German Federal Financial Supervisory Authority .”
Before joining Solactive, Svend 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, Svend worked at a law firm in Frankfurt with focus on banking and capital markets law. Svend is admitted as a lawyer in Germany.