Angstadt Promoted at Archipelago
Archipelago Holdings has promoted Janet Angstadt to deputy general counsel. In her new role, Angstadt will advise the company's leadership and establish policy for its holdings, as well as communicate with government agencies and regulators. She will also oversee legal teams from Archipelago and its holdings, including several broker-dealers and the Pacific Exchange.
Angstadt says that while her new title will give her increased visibility, many of her duties will be similar to those that she was responsible for as the firm's former associate general counsel and chief regulatory officer. In light of the current regulatory environment in the securities industry, however, Angstadt expects to be busy. She says her job requires her to ensure communication between the exchange and regulators. "I'll be trying to educate the business people [at Archipelago] on some of the regulatory restrictions, and trying to educate the regulators on some of our business challenges," she explains.
Technology, she says, will only lighten her workload. Angstadt spent time at Everen Securities in Chicago in the 1990s, where technological resources for her position were scarce. In contrast, she says, "There are so many new software products out there that make the ability to do compliance so much easier."