Guy Talarico quoted on Outsourcing Chief Compliance Officers in the WSJ
Guy Talarico, CEO of Alaric Compliance Services was quoted in the Wall Street Journal on Thursday July 17, 2014. The article, Companies Are Outsourcing the Chief Compliance Officer Job, discusses how firms are outsourcing the chief compliance officer role to help them meet the demands of the regulatory environment.
Excerpt from article:
“Not only are the outsourced CCOs less prone to workplace pressures that internal compliance heads might feel, but the external firm’s business could be on the line in the case of a compliance failure at the client,’ said Guy Talarico, whose (firm) Alaric Compliance Services LLC offers outsourced CCOs to financial firms like mutual funds, among other compliance services.”
“‘I think that ultimately, the industry will look at this as they do independent auditors,’ said Mr. Talarico.”