Interactive Brokers and Xenfin Capital appoint new compliance officers

Two financial industry executives have secured new job opportunities at Interactive Brokers and Xenfin Capital. These executives will be instrumental in helping the brokerage platforms to achieve growth as they come with extensive experience in their respective fields.

Interactive Brokers appoints Beth Beam as  Global Head of Sanctions Compliance

Interactive Brokers has appointed Beth Beam as the Global Head of Sanctions Compliance. Beam confirmed her appointment at the brokerage company through a post on LinkedIn. Bean is joining Interactive Brokers, one of the most popular electronic trading platforms in the US, after spending nearly seven-year working at Silicon Valley Bank.

Beam comes with decades of experience that will be helpful in the new role. She has around two decades worth of experience working in the industry. Besides working at SVB, Beam has worked in leading financial institutions such as Citi, Ernest & Young, the Department of Treasury, and the World Bank.

Between May 2014 and July 2016, Beam served as Citi’s Senior Vice President of Global Sanctions Compliance. Before this, she was the Manager of Assurance Services, Fraud Investigation, and Dispute Services at Ernest & Young.

From 2009 to 2012, Beam worked as an Enforcement Officer with the Office of Foreign Asset Control at the United States Department of Treasury. Her career started at the Antitrust Division at the US Department of Justice, where she served as an Honor Paralegal Specialist. She also served in the Criminal Enforcement division in July 2004.

Beam also worked at the Department of Institutional Integrity at the World Bank for a short period between November 2006 and May 2007. She also worked as the Managed Funds Project Coordinator for Allied Capital for nearly two years.

Patrick Lindsay joins Xenfin Capital

The other broker that has also made a crucial appointment is Xenfin Capital, which has appointed Patrick Lindsay as the Compliance Director. Before joining Xenfin Capital, Lindsay worked at Amana Capital’s subsidiary in the UK, where she worked for more than five years as the Director and Head of Compliance.

Lindsay also has extensive industry experience, having worked in the space for over three decades, making him a compliance veteran. He has worked with some of the largest financial institutions globally, such as Goldman Sachs. He has also previously worked with the UK financial market regulator, the Financial Conduct Authority (FCA).

Before joining Amana, Lindsay served as the Head of Compliance and Money Laundering Reporting Officer (MLRO) at GKFX, ADS Securities London, and Tradenext Limited, giving him extensive experience in the financial industry.

Lindsay previously served as the Deputy Compliance Officer & MLRO at Alpari UK Limited, where he worked between 2009 and 2011. He has also previously served as an Associate at the Private Wealth Management unit at Goldman Sachs.

While working at the FCA, Lindsay served with the Transaction Monitoring Unit between 2001 and 2004. At the time, the regulatory body was referred to as the Financial Services Authority (FSA).