Philippe Vollot to join Rabobank Managing Board as Chief FEC Officer

As of 1 October 2022, Philippe Vollot will start as Chief Financial Economic Crime Officer (CFECO) at Rabobank (subject to positive outcome of supervisory assessments). This appointment follows the announcement last February that Rabobank is creating this new role within its Managing Board to centralise the necessary 1st line KYC activities including Sanctions Screening and Transaction Monitoring.

Philippe Vollot

Vollot (1967) brings a wealth of experience in the field of combating money laundering and terrorist financing, setting up remediation programs and knowledge of related (international) legislation and regulations. The Frenchman's career took him to 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. At Danske bank, Vollot joined the Executive Board in 2018 as Chief Compliance Officer, a role that changed into Chief Administrative Officer in 2021.

Rabobank's Supervisory Board is pleased with the appointment of this experienced board member: "His track record in the field of Financial Crime, Compliance and AML is impressive," says Marjan Trompetter, Chair of the Supervisory Board. "From his roles at Danske Bank and Deutsche bank, he has extensive experience in setting up and executing remediation programs. Philippe Vollot has proven to be able to bring about change, arrange procedures and solve complex problems, using his strong moral compass. With his knowledge and skills, we consider him to be an inspiring leader to guide us further to a robust and future-proof KYC organization. We look forward to his arrival.”

Published: June 10 2022, 07:30 CET