Fintech FIS Nabs New Compliance Head as Company Readies Job Cuts

Fidelity National Information Services Inc., a provider of capital markets technology for financial institutions, has hired a new chief compliance officer as the company moves forward with plans to lay off thousands of workers.

Frederick Reynolds III started a week ago and also has the title of deputy general counsel for regulatory affairs, Caroline Tsai, the company’s chief legal and corporate affairs officer, said in an email.

Reynolds had most recently been compliance chief at Brex Inc., a corporate credit card startup founded in 2017 by two Brazilian college dropouts that earlier this year saw its valuation hit $12 ...