The Financial Industry Regulatory Authority said that its chief of the department of member supervision is retiring.
Bari Havlik, head of the department since 2018, plans to retire later this year and will be succeeded on November 1 by Greg Ruppert, who currently reports to Havlik and serves as head of Finra’s national cause and financial crimes detection program, the self-regulator says.
During her term at the helm of the member supervision department, Havlik oversaw the revamp of its national examination and risk monitoring into a single unified program, according to the industry’s self-regulator. Following the transformation, Finra member firms are grouped according to the types of businesses in which they’re engaged, which the self-regulator said allows it to “build more targeted, better informed oversight.”
Havlik also oversaw the combination of the department’s investigatory and surveillance functions into the national cause and financial crimes detection program, currently headed by Ruppert, according to Finra.
In addition to overseeing the member supervision department, Havlik has been at the forefront of ensuring an inclusive culture at Finra, the self-regulator says.
Havlik will assist Ruppert as an advisor during the transition until the end of the year, according to Finra.
Prior to joining the self-regulator, Ruppert previously served as senior vice president and chief of the financial crimes risk management group at Charles Schwab, Finra says. Before joining Schwab, he was a special agent with the Federal Bureau of Investigation for 17 years, focusing on complex financial investigations, terrorism, terrorist financing and cyber threats, according to the self-regulator.
Ruppert is also a professor of practice at the University of the Pacific, School of Engineering and Computer Science’s Data Science Master’s Program, Finra says.