Associated Bank's retail brokerage unit has a new director of compliance.

Anthony Pecora joined the bank in Chicago to oversee the compliance program for Associated Investment Services. He will develop, update and facilitate the implementation of all policies and procedures related to the firm's compliance program.

Pecora manages three full-time employees, including two compliance officers, Associated said.

The Green Bay, Wis.-based bank generated $3.8 million in brokerage and insurance commissions in the third quarter of 2015, down 5.7% year-over-year, according to the company's earnings release. The brokerage unit, Associated Investment Services, employs 27 financial consultants, the bank said.

Pecora was previously with Northern Trust Asset Management, where he was head of compliance for more than four years, according to his LinkedIn profile. In that role, he implemented compliance programs for the asset management legal entities and departments within Northern Trust globally.

Prior to that, he was with ABN AMRO Bank, first serving as chief compliance and anti-money laundering officer and then as head of compliance for the Americas. He began his career in 1995 as an attorney with the SEC. 

Read More:


Like BIC’s Facebook page here.

Follow BIC on Twitter at @BIConline.

Join BIC’s LinkedIn Group here.