Michael Herde

Michael Herde is a global compliance and risk management executive with 35 years of experience, including as chief compliance officer. Michael’s expertise includes wealth management, asset management, fiduciary and investment and consumer banking for both public and private companies.

Michael forms trusted relationships with senior executives and board members by providing strategic compliance, risk management and governance advice that drives informed decision-making aligned with organizational risk appetites. He guides organizations through transformational change that elevates the effectiveness of their risk management and compliance functions, navigates challenging regulatory dynamics and helps firms maintain their autonomy.

Prior to joining FTI Consulting, Michael led compliance at Charles Schwab, Fidelity Investments, GE Capital and UBS Investment Bank. Each opportunity involved developing the vision and strategy for enterprise-wide compliance risk management, breaking down silos and broadening coverage of businesses, including anti-money laundering, privacy, technology, e-communications, personal conflicts of interest and blockchain, and more.

Michael started his career as a defense lawyer in the securities regulation and enforcement practice of a major Washington law firm and as enforcement counsel in the Financial Industry Regulatory Authority.

Relevant Experience:

• Transformed multiple compliance functions into a mature enterprise-wide risk management partner with stature, independence and expertise
• Envisioned and led the creation of a conglomerate's first enterprise-wide global financial services compliance function, including comprehensive risk assessment of 10 businesses in 55 countries with strategies and plans to address them
• Enhanced a global investment bank's compliance function, forging strong relationships across business and peer functions, uncovering and remediating significant Office of Foreign Assets Control ("OFAC") failures and deploying a new global sanctions program, and testifying before a Congressional Subcommittee
• Developed and executed a strategy for handling independent compliance consultants mandated by an SEC settlement with a wealth manager
• Partnered with the head of business to transform a firm's international business in the UK, EU and Hong Kong, and the U.S. domestic cross-border business
• Partnered with a bank's CEO to develop and execute a strategy for strengthening fair lending compliance
• Conducted compliance due diligence and led compliance integration for a $26 billion retail trading acquisition by a publicly traded wealth and asset manager
• Participated in internal and external investigations as outside counsel, regulator and compliance executive
• Championed effective and meaningful risk assessment methodologies and approaches across multiple firms and businesses, enabling development of risk-based programs that withstand regulator and auditor scrutiny
• Drove changes to compliance reporting and risk committee operations, ensuring focused and impactful board and committee reporting that ensured discussion and understanding of key risks, trends and mitigation strategies