April 21, 2021

Knighthead appoints Vernie Coe as Anti-Money Laundering Compliance Officer

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By Marianne Lehnis From Reinsurance News

Knighthead Annuity & Life Assurance Company has named Vernie Coe as Anti-Money Laundering Compliance Officer and Deputy Money Laundering Reporting Officer.

Coe will oversee the company’s anti-money laundering policies and procedures to ensure compliance with Cayman Islands’ regulations, working alongside other members of the Knighthead Annuity’s existing executive team.

Coe said: “I am thrilled to be joining Knighthead Annuity in this increasingly significant role in today’s regulatory environment. This is an excellent opportunity to be a part of a collegial and professional work environment at a growing global company headquartered in the Cayman Islands.”

Coe joins Knighthead Annuity from a similar role at RBC Trust (Cayman) and brings over 13 years of financial industry experience in compliance.

He has also previously worked in both the Investment and Securities Division, as well as the Compliance Division, at the Cayman Islands Monetary Authority.

Nate Gemmiti, Chief Operating Officer (COO) at Knighthead Annuity commented on the appointment: “We are pleased to welcome Vernie onboard to lead Knighthead Annuity’s anti-money laundering efforts.  The addition of an individual with both industry and regulatory experience adds significant value to the robust operations of the company.”

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