AlixPartners has recently expanded its Financial Crimes Compliance Practice in Latin America with the hiring of Sven Stumbauer, a veteran in the compliance industry. Stumbauer, who joins as a Director, will focus on financial-crimes and anti-money-laundering compliance services.
Sven Stumbauer began his career as a compliance examiner in the Atlanta office of the National Association of Securities Dealers (now FINRA). In 2004 he joined KPMG, where he gained substantial experience in Forensic advisory engagements, mainly in the financial services industry. In his last role at the Big 4 firm he served as a Director in the risk-consulting practice. Prior to his appointment at AlixPartners, Stumbauer was a managing director at Veris Consulting, a Washington D.C.-based consulting firm, leading its Miami office and client-service delivery in the U.S. and Latin America.
Stumbauer holds an MBA from the Georgia Institute of Technology and a bachelor’s degree in international trade from Georgia Southern University in Statesboro. He also studied at the Vienna University of Economics and Business Administration in Austria, and holds a degree in mechanical engineering from HTBL WienX, Austria. He has served on the board of directors of the Florida International Bankers Association since 2006, and frequently speaks on regulatory trends in the financial-services industry and has been published in a wide range of industry journals. He is fluent in English, German, Czech, Slovak, Russian and Spanish.
“I am excited to join AlixPartners and to work with a team of such experienced professionals,” says Stumbauer. “I am looking forward to helping expand the firm’s Corporate Investigations Practice both in the U.S. and across Latin America and the Caribbean.”
“Given the unprecedented level of enforcement actions brought by various regulatory bodies regarding AML- and OFAC-compliance matters, multinational companies in general, and financial institutions in particular, have an even greater need for advisory services and risk-management solutions to assist them,” says Harvey Kelly, managing director at AlixPartners and global leader of the firm’s Financial Advisory Services unit. “Having worked on some of the largest and most significant investigations in recent history, our professionals are accustomed to working with U.S. and global regulatory bodies and understand what meets compliance standards. The practical experience that Sven and his team bring to our investigations group is a natural fit for us.”