StarCompliance, a leading provider of compliance software in the financial services industry, announced today Todd Spillane has joined the firm as Chief Operating Officer.
A 27-year veteran of the financial services industry, including the last nine years as Chief Compliance Officer (CCO) for Invesco's US Compliance operations, Mr. Spillane will join the Executive Management Team and report to StarCompliance Chief Executive Officer Marc Epstein.
"We are pleased to add someone with Todd's background and stature in the industry's compliance community to our leadership team. He will undoubtedly add value to our clients' overall experience with StarCompliance and the ongoing evolution of our software solutions," Mr. Epstein said. "Todd's domain expertise, management experience, law degree and global contact base will prove invaluable as we look to expand our footprint in meeting the growing demands of regulatory compliance."
Mr. Spillane will be directing multiple areas of the StarCompliance business, including customer support, product management, technical support, finance, human resources and professional services.
"Given the potential impact on both financial services firms and their clients when regulatory standards are breached, the software solutions offered by StarCompliance will only grow in relevance as regulatory bodies around the world seek to mitigate risk with potentially more demanding requirements," said Mr. Spillane. "I look forward to leveraging my industry experience and familiarity with StarCompliance software to build upon the strong foundation for product development and customer service Marc and the team have established."
StarCompliance provides firms a highly configurable, functionally integrated regulatory compliance software solution that underpins and imposes a streamlined regulatory compliance process. It is designed to manage, prevent, detect, report, enforce and resolve employee conflicts of interest and runs background risk surveillance to expose suspicious employee activities. The system monitors such critical compliance components as personal account dealing, insider trading, gifts and entertainment, as well as political contributions and outside business activities.
[blockquote cite="Todd Spillane" type="left, center, right"]"From more than two decades serving in compliance oversight for investment management firms, I know the demands on personnel and budgets a rapidly changing regulatory landscape can place on a compliance staff. That's why I'm excited to be joining StarCompliance and offer firms a proven, high-quality solution that addresses these challenging areas of regulatory compliance."[/blockquote]
Mr. Spillane served as CCO for Invesco US Compliance since March 2006, directing the compliance teams that support the firm's US retail and institutional operations. He was also the CCO for the Invesco Funds and previously was the CCO for Invesco PowerShares and the Invesco Van Kampen closed-end funds. Prior to his promotion to CCO, he served as the Advisory Compliance director for Invesco and was responsible for the management of the Advisory Compliance group.
Prior to joining Invesco in 2004, Mr. Spillane was vice president for global product development with AIG Global Investment Group. While at AIG, he also served as CCO and deputy general counsel for AIG/SunAmerica Asset Group and AIG/American General Investment Management. Mr. Spillane began his career in 1988 as an attorney with Aetna Life Insurance Company. He also served as director of compliance for Nicholas-Applegate Capital Management from 1994-1999.
Mr. Spillane earned a BA degree in politics from Fairfield University and a JD from Western New England School of Law. He is a member of the Connecticut Bar Association.