By PAUL O’DONOGHUE, Senior Correspondent
Ned Conway, most recently head of AFC for banking giant Santander, has been appointed the new Executive Secretary of the Wolfsberg Group.
The group, an association of 12 global banks which aims to develop financial crime frameworks and guidance for other lenders, confirmed that the move was effective as of November 1.
J Edward Conway, known as Ned, replaces Alan Ketley, who confirmed in August that he was stepping down from the position of executive secretary.
Conway was most recently the Group Head of Financial Crime Compliance Framework and Policies at Banco Santander.
His career in financial crime prevention began at the U.S. Department of Defense, where he was a member of the Iraq Threat Finance Cell in Baghdad in 2007.
He held senior AFC positions at PwC and Barclays before joining Santander.
He collaborates regularly with the United Nations on AFC training and has been a Wolfsberg delegate since 2019.
His predecessor, Alan Ketley, has held the role of Executive Secretary since 2021.
Wolfsberg co-chairs Jen Calvery and Joe Salama said Alan had been able to “advance the group’s focus on effectiveness with key supervisory authorities across the globe”.
“Existing standards have been updated to respond to current challenges, and new guidance released under his leadership has focused the Group’s energy on emerging areas of interest,” they said.
“We wish him all the best as he takes a well-deserved break from his decades of dedication to effective financial crime compliance.”
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