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Compliance Risk Concepts Names Elin Cherry Principal and Head of Capital Markets Practice

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Mitch Avnet chooses former CIT Group Director, Elin Cherry to lead strategic growth initiative of CRC's forward thinking Capital Markets Practice.

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NEW YORK, NY, June 30, 2014 /24-7PressRelease/ -- Compliance Risk-Concepts ("CRC") announced today that Elin Cherry has been selected as Principal and Head of their Capital Markets Practice. Former Director and Head of Business Unit Compliance and a Compliance senior management team member for CIT Group Inc., Elin was responsible for the US business compliance programs, BUCO's, broker-dealer compliance, and CIT Bank team. While with CIT Group Inc. Elin forged a disciplined approach to compliance support oversight for the business segments in the United States.

When asked about her decision to join CRC, Ms. Cherry responded:

"In the ever changing world of regulations and compliance requirements more and more firms are looking to outsource portions of their Compliance Programs. CRC is uniquely suited to meet that need. CRC is a forward thinking Compliance Consulting Firm that is staffed with Compliance Professionals as opposed to Consulting Professionals. Mitch Avnet CEO and founding partner is a vibrant leader who has assembled a dynamic group of senior finance professionals to carry out the CRC mission. CRC's partners are committed to providing a platform to ensure the success of CRC and its employees." - Elin Cherry, Head of Capital Markets Practice at Compliance Risk Concepts.

A Colorado native and avid skier, Elin served as Managing Director, Head of Global Markets Compliance and Deputy Director to the Chief Compliance Officer at Societe Generale for six years. Elin held senior compliance roles at Deutsche Bank Securities Inc. and Banc of America Securities, where she acquired deep experience in compliance programs, regulatory relations, testing and monitoring, compliance audits and capital markets.

When asked about the decision to retain Ms. Cherry, Mitch Avnet responded:

"CRC is building a differentiated service model predicated on providing compelling services and solutions to our clients. To scale our business appropriately and effectively, we are growing - and retaining best-in-class talent from top tier institutions. Elin is a great example of the quality of individuals we are seeking to join us. Elin brings a wealth of experience, knowledge and client-focus that will enable us to continue to grow and support our Capital Markets and Institutional business segment. We are thrilled to have her on board - and know she will be immediately accretive to our strategic growth and success." - Mitch Avnet, CEO and Founding Partner of CRC

A respected leader, with proven experience, Elin holds a J.D. from the University of Denver College of Law and has a B.A., cum laude, from the University of Colorado. Elin volunteers her time to the enrichment of others through education as an Odyssey of the Mind coach and Board member of the MORE After School, Not-For-Profit organization.

Compliance Risk Concepts
Headquartered in New York City and locations in Parsippany, NJ, Chicago, IL, and Westport, CT.

The Compliance Risk Concepts team of senior compliance consultants and executives provide clients with the critical skills and expertise required to establish, maintain and enhance a balanced and effective compliance operational risk management program.

The highly popular CRC monthly compliance bulletin is a must-read for Compliance, Investment Advisers & Risk Professionals.

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