KC Waldron Joins Empower as Chief Compliance Officer

May 16, 2024 at 08:00 AM EDT

Empower announced today that KC Waldron will join the companyas chief compliance officer.

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KC Waldron joins Empower as Chief Compliance Officer. (Photo: Business Wire)

Waldron will oversee compliance activities for Empower, including the management and development of Empower’s compliance program. She will also ensure that the company’s compliance standards adhere to all applicable federal and state regulations and corporate policies.

“Doing the right thing and leading with integrity is how we have built our businesses and as we continue to grow, KC’s leadership will help enable new strategies for the benefit of Empower’s customers,” said Edmund F. Murphy, III, president and chief executive officer for Empower.

Waldron is a proven industry leader who has delivered results that safeguard clients. She brings an extensive background in regulatory expertise. She was at Charles Schwab for 12 years where she was most recently managing director, chief compliance officer of Schwab Wealth Advisory, Inc., and head of Wealth & Advice Solutions compliance.

“As a leading financial services provider, we must meet or exceed the expectations of our regulators. KC has spent her career supporting and protecting investors, which is always our most important consideration at Empower,” said John Bevacqua, executive vice president and chief risk officer.

Waldron joined Empower on May 7 and is reporting to Bevacqua.

Bevacqua noted that Waldron is an industry leader who has significant involvement with the Securities Industry and Financial Markets Association (SIFMA) and the Financial Industry Regulation Authority (FINRA), including providing frequent industry speaking engagements. She recently served on the FINRA Large Firm Advisory Committee, which advises FINRA regarding the effect of current and proposed securities rules and regulations.

“I knew Empower was the right company and culture for me because the most important company value is doing the right thing for customers,” said Waldron. “I look forward to this new opportunity and intend to support the company’s values as it grows.”

Prior to her most recent role at Schwab, Waldron was managing director, global head of Regulatory Strategy, Examinations & Inquiries where she managed the firm’s relationships with the SEC, FINRA, National Futures Association, Commodity Futures Trading Commission, state securities regulators, the exchanges, Financial Crimes Authority in the UK, Monetary Authority of Singapore, Securities & Futures Commission of Hong Kong and the Central Bank of Ireland.

Prior to her career with Schwab, Waldron held roles as an enforcement attorney with the United States Securities and Exchange Commission and a securities litigator with Morrison Foerster LLP.

Waldron holds a bachelor’s degree in business administration from Texas A&M University and holds a law degree from the University of Texas School of Law.

ABOUT EMPOWER

Recognized as the second-largest retirement services provider in the U.S.¹ by totalparticipants, Empower administers approximately $1.6 trillion in assets for more than 18.6 million investors² through the provision of retirement plans, advice, wealth management and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok and Instagram.

1 Pensions & Investments DC Recordkeeper Survey (2023). Ranking measured by total number of participants as of September 2022.

2 As of March 31, 2024. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAICA) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EAIC), marketed under the Empower brand. EAICA’s consolidated total assets under administration (AUA) were $1,544.5B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $72.1B and liabilities total $68.3B. ELAINY’s statutory assets total $7.2B and liabilities total $6.9B. EAIC’s statutory assets total $92.0B and liabilities total $91.0B.

Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries. This material is for informational purposes only and is not intended to provide investment, legal, or tax recommendations or advice.

“EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America.

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