AML RightSource Names Paul W. Linehan Vice Chairman, and Todd Ayers Chief Financial Officer

USA - English

• USA - English

CLEVELAND, August 1, 2019 /PRNewswire-PRWeb/ -- AML RightSource, a leading firm solely focused on Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions, today announced President Paul W. Linehan will assume the role of Vice Chairman effective August 1, 2019. Linehan previously was President and will continue to report to Frank Ewing, CEO, AML RightSource.

"Paul was instrumental in driving the rapid growth of AML RightSource. He joined the company as Partner/General Counsel/Chief Financial Officer and employee number 40 in July 2014. In August 2017, he was named President," said Frank Ewing, AML RightSource CEO. "Through Paul's outstanding operational leadership over the last 5 years, AML RightSource has grown from 40 to more than 800 employees, expanded nationally and internationally, while staying nimble and earning high customer satisfaction with a Net Promoter Score of 69%."

As Vice Chairman, Linehan will lead company strategy as well as special projects. He will continue to serve on the company's Board of Directors, be responsible for legal issues and consult on financial matters.

"Due to the growth and strength of our operations and finance teams, it is time for me to work for the company at a more strategic level." said Linehan. "It has been a thrill to work with Frank and the entire AML RightSource team for the past 5 years growing the company to prominence. I have also found it rewarding to have helped build an organization truly making a difference in combating financial crime."

In a second announcement, AML RightSource will appoint Todd Ayers Chief Financial Officer effective August 1, 2019. Ayers previously was Vice President of Finance and will now report directly to Frank Ewing, CEO.

"Todd's financial leadership was critical in helping the company successfully navigate our accelerated growth in employees and locations," said Frank Ewing, AML RightSource CEO. "Todd's strategic focus on process and controls has helped the company deliver a consistent client experience and steady financial performance."

"What sets AML RightSource apart is our ability to collaborate," said Ayers. "Collaboration is a pervasive part of our culture; it is how we partner with our clients, it is how the team manages the business, and it is why we have been able to open two new offices and nearly double our size in less than a year while remaining nimble. It is a privilege to be named CFO of a company with this kind of focus and potential for continued success."

"These two appointments recognize leaders integral to AML RightSource's rapid growth," said Matthew Feldman, a Managing Director with Clarion Capital Partners. "AML RightSource is on track with its long term growth strategy as a best-in-class solutions provider for its customers."

AML RightSource is the leading firm solely focused on Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions. With over 900 AML/BSA professionals, AML RightSource provides highly trained AML/BSA professionals to assist banks and non-bank financial institutions to meet day-to-day compliance tasks. The company's current services include transaction monitoring, alert backlog management, enhanced due diligence reviews, fraud, and financial crimes advisory services. AML RightSource, a Clarion Capital Partners portfolio company, is headquartered in Cleveland, Ohio, and has additional facilities in Ohio, Arizona, New York and Canada.

SOURCE AML RightSource