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January 25, 2016 at 09:46 AM
LPL Financial announced Monday that the independent broker-dealer has named Tracy Calder as managing director and deputy chief risk officer.
Calder begins her new post immediately, and will be based in Charlotte and report to Michelle Oroschakoff, managing director and chief risk officer. Calder joins LPL from J.P. Morgan Securities LLC, where she most recently served as managing director.
In her new post at LPL, Calder will be the chief compliance officer and is responsible for the firm’s compliance and operational, market and credit risk management functions.
“Tracy’s addition to LPL’s leadership team further demonstrates our commitment to enhancing the firm’s risk profile as we manage through this dynamic period in the industry,” said Oroschakoff, in a statement. “Her extensive knowledge and experience with large, complex organizations and regulatory matters will be a tremendous asset to the firm and our clients.”
LPL began beefing up its compliance and legal departments last year after facing hefty fines and regulatory actions related to issues such as failure to supervise and failing to establish and enforce review procedures for titles and designations held by advisors who specialize in serving seniors.
