By PAUL O’DONOGHUE, Senior Correspondent
PHILIPPE Vollot, the head of anti-financial crime at Rabobank, has been appointed as the bank’s new Chief Operating Officer (COO).
In his new position, he will oversee several “group-wide support functions”. These include Rabobank’s Financial Economic Crime, Data Management, Business Continuity Management and the Transformation Office.
Mr Vollot’s position, which is subject to regulatory approval, is a new COO role within Rabobank’s Managing Board.
The lender said the new position will “enable more uniform and efficient ways of working, allow for further simplification, and improve collaboration”.
Mr Vollot said the appointment is “an honour”.
“I look forward to continuing to work with my Rabo colleagues to strengthen our operational effectiveness for the benefit of our customers,” he said.
“Together, we’re making Rabobank even better for our customers, members, and employees.”
Philippe Vollot roles prior to Rabobank
Stefaan Decraene, Chair of Rabobank’s managing board, said: “By establishing the COO role, we are taking an important step to centralizing our groupwide operational expertise.
He added: “I’m pleased that Philippe is willing to take on this new role within Rabobank.
“Not just because he is a great colleague and leader. But also because his broad experience in operations and FEC (financial economic crime) will help us simplify our organisation. And further strengthen our customer focus.”
Mr Vollot was appointed Rabobank’s Chief Financial and Economic Crime Officer in 2022.
Prior to that, he joined Danske Bank’s Executive Board in 2018 as Chief Compliance Officer. This role changed into Chief Administrative Officer in 2021.
He previously worked at Deutsche Bank, where he held various roles in the field of compliance from 2003 to 2018. His final position there was Global Head of Anti-Financial Crime & Group Anti-Money Laundering Officer.
We hope you enjoyed reading this article
If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!
