Bancorp Bank Taps New Compliance Chief

The provider of services to nonbank financial companies hired Randall Baugh, who was head of E*Trade bank compliance at Morgan Stanley

香蕉视频苹果下载Bancorp Bank, which provides a range of services to nonbank financial companies, has appointed Randall Baugh as chief compliance officer.

Randall Baugh

Photo: Business Wire

Wilmington, Del.-based Bancorp issues prepaid cards and provides back-end private-label banking services for financial technology companies, among other offerings. It emphasizes its compliance and risk programs as a selling point.

Chief Operating Officer Greg Garry, who will supervise Mr. Baugh, said Bancorp is focused on modernizing consumer compliance programs for a banking landscape in which fintech companies play a larger role.

Mr. Baugh most recently served as head of E*Trade bank compliance at Morgan Stanley and simultaneously as head of Morgan Stanley’s U.S. banks deposits, marketing and advertising compliance. Morgan Stanley bought E*Trade in 2020.

Bancorp Bank is a subsidiary of Nasdaq-listed Bancorp Inc.

Write to Richard Vanderford at richard.vanderford@wsj.com

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Appeared in the April 20, 2022, print edition as 'Bancorp Bank Names Baugh As New Compliance Chief.'