Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Regulation and Compliance > Federal Regulation

LPL Hires JPMorgan’s Calder as Deputy Chief Risk Officer

Your article was successfully shared with the contacts you provided.

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.

Last September, LPL, based in San Diego, named Emily Gordy executive vice president and deputy general counsel to oversee regulatory inquiries and investigations group within the legal department, reporting to General Counsel David Bergers.

Last January, LPL announced that it had promoted its chief compliance officer, Sharyn Handelsman, to be a managing director of the company.

Prior to J.P. Morgan, Calder was senior vice president at Wells Fargo Advisors, where she led the retail compliance program for the firm’s broker-dealer.

She also spent 18 years with UBS Wealth Management Americas in a variety of legal and compliance roles, including as head of legal for the Wealth Management Advisor Group and as chief compliance officer and senior deputy general counsel for UBS Financial Services Inc.

She earned a Bachelor of Arts from Fordham University and a Juris Doctor from the University of North Carolina School of Law.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.