Wolters Kluwer Adds Two Executives to Its Compliance Division

Wolters Kluwer Adds Two Executives to Its Compliance Division

March 13, 2018
Wolters Kluwer has announced that Allegiance Bank, headquartered in Houston, Texas, has selected the company’s CRA Wiz and Fair Lending Wiz solutions to help the bank manage fair lending compliance across its entire organization
Wolters Kluwer has announced two key leadership appointments in its Governance, Risk & Compliance Division to accelerate business growth through product innovation in financial services. Art Tyszka, former leader of Banking Compliance Solutions Large Bank Segment, has been appointed to the newly established leadership role of Vice President, Partnerships & New Product, and Ed Shanks joins the company as Vice President of Banking Compliance Solutions, Large Bank Segment.
“These leadership appointments build on our commitment to provide expert solutions in ways that enable financial institutions to better serve their customers and accelerate business growth,” said Steve Meirink, Executive Vice President at Wolters Kluwer. “In today’s environment, financial institutions, whether small or large, need a technology partner with the expertise to navigate regulatory, compliance, and operational challenges. At Wolters Kluwer, we have more than 300 regulatory experts, former regulators, and compliance leaders dedicated to helping our customers keep pace with ongoing regulatory changes.”
Both executives are veterans of the financial services industry. Shanks joins Wolters Kluwer after 17 years with U.S Bank Home Mortgage, where he last served as Executive Vice President. In this role, Shanks managed multi-billion dollar product teams and growth initiatives. Prior to this, he was President and CEO of TCF Mortgage, a position he held for seven years, overseeing the production and profitability of the $1.5 billion asset business. Shanks is a veteran leader who brings more than 35 years of experience in the financial services industry to Wolters Kluwer.
“I’ve had the opportunity to work with Wolters Kluwer as a customer and see firsthand how its compliance technologies add value and drive business results,” said Shanks. “Being able to share my personal perspective to support the development of new products and features that will help financial institutions further strengthen their compliance operations and grow their business is a rewarding opportunity.”
Tyszka has been with Wolters Kluwer since 2001 and has more than 20 years of experience helping financial institutions utilize technology to manage compliance with regulations to better serve their customers. In his leadership of the firm’s Banking Compliance Solutions Large Bank Segment, Tyszka oversaw the growth of Wolters Kluwer’s Expere technology platform during the implementation of the TILA-RESPA Integrated Disclosure (TRID) rule.
“Helping our clients adopt technologies to solve their compliance and operational challenges—which helps turn their customers and members financial goals into reality—is very rewarding,” said Tyszka. “To further strengthen this work and deliver even greater value to our customers, I’ll be helping curate new product and expert solutions, from our employees to our customers, across the business. Our focus is on accelerating product innovation and expanding our expertise through industry partnerships to deliver even greater value to customers.”