EXIGER Formally Launches Global Regulatory and Financial Crime, Risk and Compliance Firm
NEW YORK & LONDON--(BUSINESS WIRE)--A team of leading financial crime and compliance experts today announced the formal launch of EXIGER, a global regulatory and financial crime risk and compliance firm serving financial institutions and multinational corporations. The new firm is led by Executive Chairman Michael Cherkasky and President & CEO, Michael Beber.
“EXIGER was created to help businesses tackle today’s regulatory and compliance challenges head-on, giving them the confidence to achieve their strategic goals while accommodating regulatory change.”
Currently the monitor of HSBC, Mr. Cherkasky is a pioneering figure in the world of financial crime, corruption and money laundering enforcement. He has been the CEO of some of the largest, global consulting and services firms including Kroll, Marsh & McLennan and Altegrity. Mr. Beber, a forensic and investigative accountant, was the head of strategy and M&A for Kroll and Marsh & McLennan, the President of Kroll’s background screening group and the founding CEO of Altegrity Risk International, Altegrity’s compliance-focused business.
Initially formed in July 2013 to lead the monitorship of HSBC, the largest, most comprehensive monitorship to date, EXIGER is now expanding to serve the broader universe of financial institutions and multinational corporations around the world that are confronting some of the most complex regulatory and compliance challenges. Launched from offices in New York and London, with professionals on-the-ground in locations around the globe, EXIGER combines deep legal, compliance, investigative, economic, forensic, and board-level expertise in global compliance and financial crime risk mitigation.
“The regulatory compliance burden on financial institutions and multinational corporations has grown exponentially over the last several years and we expect that trend to continue into the foreseeable future,” said Mr. Cherkasky. “With EXIGER, we have assembled a team of the world’s leading professionals in all aspects of financial crime compliance and investigations – people who have solved some of the most complex problems confronting business today – to give global businesses the practical advice and solutions they need to thrive in today’s marketplace.”
Delivering a combination of consulting expertise, technology-enabled solutions and proven processes, EXIGER helps its clients prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. EXIGER’s specialized practice areas include: regulatory strategy and advice, governance and controls, financial crime compliance, regulatory compliance, investigations, due diligence, remediations and monitorships.
“Business growth and regulatory compliance have been working at cross-purposes in big companies for too long,” said Beber. “EXIGER was created to help businesses tackle today’s regulatory and compliance challenges head-on, giving them the confidence to achieve their strategic goals while accommodating regulatory change.”
Supported by a group of professionals who have run corporate compliance programs for the world’s largest financial institutions and multinational corporations, led federal and local law enforcement agencies, drafted regulations and litigated some of the most high-profile cases, the EXIGER team brings unparalleled experience and independence to the regulatory and financial crime risk and compliance space.
More information on EXIGER and its professionals is available at www.exiger.com
EXIGER is a global regulatory and financial crime, risk and compliance firm. EXIGER arms financial institutions and multinational corporations with the practical advice and solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. EXIGER was initially launched to lead the monitorship of HSBC – the largest, most comprehensive monitorship to date. EXIGER works with regulators in the US, UK and around the world to evaluate the effectiveness of HSBC’s money-laundering and sanctions compliance controls across its 6,300 offices in 75 countries around the world. In addition to its monitorship work, EXIGER assists clients worldwide to effectively manage their critical compliance challenges while developing and implementing the policies, procedures and programs needed to identify and avoid them in the future. EXIGER is based in New York City and London. For more information, please visit: www.exiger.com