Compliance Risk Concepts LLC (CRC), a top-tier provider of actionable and cost-effective compliance management services within the financial services industry, is pleased to announce that Michael Durette has joined their team in the newly created role of Chief Revenue Officer.
NEW YORK, Nov. 28, 2023 /PRNewswire-PRWeb/ -- Compliance Risk Concepts LLC (CRC), a top-tier provider of actionable and cost-effective compliance management services within the financial services industry, is pleased to announce that Michael Durette has joined their team in the newly created role of Chief Revenue Officer. The strategic hire is a quantum leap forward in CRC's continued growth trajectory: advancing the company's operative approach to sales, fortifying its position in the financial services industry, and accelerating its strategic growth.
Before joining Compliance Risk Concepts, Durette honed his acumen as Chief Compliance Officer at Nest Egg. His 12 years as a Portfolio Manager at Addison Capital further cemented his expertise in overseeing strategic financial growth. Equipped with a wealth of experience and series 6, 24, 51, 62, 63, 65, and 99 securities license designations, Durette's appointment aligns perfectly with Compliance Risk Concepts' vision to enhance its footprint in existing markets and explore new horizons. Durette expressed his enthusiasm for the opportunity, indicating, "I am eager to fortify and expand upon CRC's significant business success, which was built in its first decade by our Founder and Managing Partner, Mitch Avnet. Speaking from my personal experience as a former client of CRC, the invaluable support and guidance provided by Mitch and the firm created essential guardrails for our enterprise's compliance and risk management programs.
"Over the next few years, risk and compliance will be fundamentally important focus areas for financial services firms," continued Durette. "In addition to our core verticals at CRC, the regulatory landscape for banks, credit unions, digital asset firms, and FinTech companies is also rapidly evolving. I firmly believe that CRC has a massive opportunity to bridge the gap between these industries and their regulators and to emerge as the industry leader."
Earlier this year, Founder and Managing Partner Mitch Avnet and his team marked CRC's tenth anniversary by announcing their first-ever, in-person industry conference for clients. Avnet views Durette's hiring as the beginning of CRC's next decade of success, saying, "Creating this role for Michael is yet another significant step in our business evolution. Michael will operationalize our approach to serving existing markets while pursuing new opportunities and broadening our reach. His hiring is the culmination of a year of strategic thinking about where we want to take the company. The timing couldn't be better, and Michael is a perfect match."
Compliance Risk Concepts continues to be a trusted advisory for enterprises seeking expert and cost-effective compliance management solutions. The firm intends to further its mission of balancing commercial interests with regulatory scrutiny, while also serving as an integrated extension of in-house compliance departments.
About Compliance Risk Concepts
Compliance Risk Concepts LLC is a business-focused team of senior compliance executives who offer clients top-tier compliance risk management support services on an as-needed, project or part-time basis. CRC provides clients with the critical skills and expertise required to establish, maintain, enhance and credibly demonstrate a commitment to a strong culture of compliance and risk management.
Media Contact
Mitch Avnet, Compliance Risk Concepts, LLC, 44 646-346-2468, [email protected], https://compliance-risk.com/
SOURCE Compliance Risk Concepts, LLC
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