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ACA unveils outsourced chief compliance officer practice

Wednesday, September 28, 2022
Opalesque Industry Update - ACA Group, the leading global provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced it has launched a dedicated outsourced chief compliance officer (OCCO) practice for the financial services industry.

The OCCO practice was formerly operated under Foreside prior to its merger with ACA in May and has been relaunched with ACA to serve the unique needs of various financial services firms, such as private equity, hedge fund, wealth and asset management, broker dealers, and more. The practice brings a hybrid approach to compliance, driven by a deep bench of former regulators, CCOs, and compliance personnel and enabled by innovative regulatory technology. Through this practice, firms are assigned a singular CCO from ACA who assumes the responsibility of overseeing compliance duties on their behalf.

This is the latest GRC offering from ACA Group, which provides regulatory, cyber, ESG, regulatory hosting and distribution, and performance advisory support, alongside dedicated managed services and cutting-edge technology, to the global financial services community.

"Financial services firms globally and their employees are up against a number of obstacles - margin and asset decline, personnel turnover, wearing too many different hats, and finding ways to leverage technology efficiently," said Shvetank Shah, CEO of ACA. "Outsourcing chief compliance officers allows companies to deliver quality, consistency, resources, and scale with an established leader in the space."

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