David T. Wittman Appointed Chief Compliance Officer at UnionBanCal.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- UnionBanCal Corporation (NYSE NYSE See: New York Stock Exchange :UB) and its principal subsidiary, Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , N.A., today announced that David T. Wittman has joined the Company as Chief Compliance Officer. He will be responsible for implementing and enhancing the Company's corporate compliance policy and monitoring programs. As Chief Compliance Officer, Wittman will review and evaluate compliance issues and concerns within the Company. He also will maintain a corporate compliance program that adheres to Company policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , complies with regulatory requirements, and embodies ethical standards of conduct. He joins the Company as an Executive Vice President and will report directly to Vice Chairman Masashi Oka. "Compliance has always been an important function and responsibility at UnionBanCal. Now, in the face of increasingly stringent legal and regulatory requirements, a stronger and more visible focus on compliance is essential to our day-to-day operations, as well as to our strategic plans for the future," Oka stated. Most recently, Wittman served as Senior Vice President and Chief Compliance Officer at First Data Corporation, Denver, where he was responsible for First Data's corporate compliance programs and compliance management systems, including code of conduct and ethics programs. Before that, he held numerous senior management positions during a 10-year career at The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , where he was responsible for anti-money laundering and know-your-customer initiatives and compliance program management. He also served for 10 years at the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. , New York, where he was a national bank examiner and a regional director for consumer compliance and community reinvestment programs. "David will work closely with business and administrative units throughout the Company. His strong background in banking, compliance, and bank regulations will enable us to enhance the Company's competitive position and better serve our customers, shareholders and our valued employees," Oka noted. Based in San Francisco, UnionBanCal Corporation is a bank holding company with assets of $48.1 billion at March 31, 2006. Its primary subsidiary, Union Bank of California, N.A., had 321 banking offices in California, Oregon and Washington and 18 international facilities at March 31, 2006. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion