Woodbury Financial Services has appointed Albert Johnson as the new chief compliance officer of broker/dealer services. He will report to Mark Sides, chief legal officer of the company.
According to Woodbury, Mr Johnson will oversee its supervisory and compliance systems, including self-evaluation testing to detect and address weaknesses; adjusting compliance systems to reflect changes in legal requirements; and assessing evolving compliance and regulatory risks.
He will also serve as money laundering reporting officer and will work with the legal department in regulatory liaison with FINRA, the SEC and state-level regulators, the company said.
Prior to joining Woodbury, Mr Johnson most recently served as chief compliance officer of Financial Network Investment. Before that, he was chief supervisory officer of Nationwide Securities. He also served as group director of compliance at Huntington National Bank.
Mr Johnson also worked as senior compliance officer of Essex National Securities; and in compliance, analyst and examiner positions at Banc One Securities, the Office of the Comptroller of the Currency (OCC), the Indiana Department of Financial Institutions, and Pepsi-Cola in Indianapolis.
Patrick McEvoy, president and CEO of Woodbury, said: His vast knowledge of securities law will enhance our already top-notch compliance organization. I would like to welcome Al to the Woodbury family and thank Mark Eide, chief compliance officer of investment advisory services, who has stepped up his duties to cover broker/dealer services in the interim.