January 27, 2011

The formation of Compliance Risk Management, Inc. (CRMI), a New York-based consultancy offering "custom tailored" cost-effective compliance solutions to investment banks, broker/dealers, and banking groups, is intended to address gaps in "the client/advisor dynamic," according to CRMI founder and chief executive Chris Franke.

Franke previously was Managing Director and Head of Compliance (Americas) for JP Morgan's Investment Bank and Private Bank. His partners include attorneys, compliance and communications professionals who were senior managers at Merrill Lynch, Oppenheimer, JP Morgan and Burson-Marsteller Public Relations.

"This enterprise was formed because in this highly regulated climate we felt something was missing in the client/advisor dynamic," Franke said in a press release. "We differ from our larger competitors in our ability to put over 30 years of securities industry experience to work for our clients at affordable rates."

CRMI is also partnered with: John Mittler, founder of JM Capital Market Services; Walter Kapuscinski, founder of Kapco Group Inc., a broker/dealer compliance outsourcing provider targeting small and medium-sized financial services enterprises; and Victor Emmanuel, founder of public relations firm VJE Consultants.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & ...