Elinphant Adds Compliance Veterans Michael Corrao, Bill Meehan to Meet Growing Pandemic Demand

Corrao served as Chief Compliance Officer at OTC Link, Knight Capital Markets and Schwab Capital Markets; Meehan was Managing Director in KPMG’s Operational and Regulatory Risk Advisory Practice

Elinphant CEO Elin Cherry says expansion is driven by clients’ reevaluating operations during the pandemic

NEW YORK--(BUSINESS WIRE)--Elinphant, the woman-owned international financial compliance consulting firm, added industry experts Michael Corrao of OTC Link and KPMG’s Bill Meehan to meet clients’ growing need for specialized assistance to meet post-Covid compliance challenges.

“We have grown our team dramatically because the pandemic has led the financial industry to re-evaluate the best ways to conduct their operations,” said Elin Cherry, Elinphant’s founder and CEO. “Our clients recognize that it makes sense to bring in outside compliance experts, who have the latest knowledge of industry regulations and up-to-date technology. This allows our clients to focus on their core business and better serve their customers.”

Corrao has more than 30 years of compliance experience. Prior to OTC Link he served as CCO at Knight Capital Markets and CCO at Schwab Capital Markets. He will focus on trading/market-making client businesses and helping broker-dealer clients with oversight controls. Corrao’s areas of expertise include algorithmic trading, institutional trading, Reg ATS, Reg SCI and the establishment of surveillance and supervision systems.

Meehan, with more than two decades of experience, was Managing Director in KPMG’s Operational and Regulatory Risk Advisory Practice before joining Elinphant. He is the co-editor and co-author of OTC Derivatives Regulation under Dodd-Frank. Meehan previously was an Executive Director and Head of Capital Markets Compliance at CIBC World Markets. Meehan strengthens Elinphant’s ability to provide broader coverage into swaps, derivatives, trade reporting, and cryptocurrency products, as well as existing commodities, securities and compliance outsourcing.

Before founding Elinphant, Cherry was Director and Head of Business Unit Compliance at CIT and Head of Global Markets Compliance NY for Societe Generale. She has held compliance positions at Bank of America, Deutsche Bank and Prudential Securities.

Elinphant provides compliance, governance and risk management solutions to financial service firms. Clients include banks, broker dealers, investment advisors, hedge funds, private equity and service providers. Elinphant is a certified Women-Owned Small Business, as outlined by the SBA and by the Women’s Business Enterprise National Council (WBENC) and is listed in FINRA’s Compliance Vendor Directory.


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Bruce Rule