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Lorum appoints Gerhartinger as Chief Legal, Compliance, and Risk Officer
07 July 2026 US
Image: talia/stock.adobe.com
Lorum, a specialist correspondent institution, has announced the appointment of Dr. Hartwig Gerhartinger as chief legal, risk, and compliance officer.
Gerhartinger has joined from Paysafe, where over a 13-year tenure he rose through senior leadership positions to become global head of Regulatory, Government Affairs, Enterprise Risk, and ESG.
His remit spanned a payments group listed on the New York Stock Exchange and operating under licenses across North America, Europe, and Latin America.
The firm says that he brings deep experience navigating multi-jurisdictional regulatory environments at scale, and will lead Lorum's legal, risk, and compliance functions.
The appointment is the latest step in a compliance build-out keeping pace with that growth.
George Davis, co-founder and CEO of Lorum, says: “Correspondent banking underpins the global economy, and the system itself works. What has not worked is the set of incentives and intermediaries that built up around it.
“We are building the institution that realigns those incentives, and bringing in a leader of Hartwig's standing reflects the company we intend to become.”
Gerhartinger adds: “The institutions squeezed out of correspondent banking over the past decade were not failed by regulation, they were failed by economics.
“Building infrastructure that serves them again, to the standard regulators expect of a bank, is the most consequential mandate in financial services right now. That is why I joined.”
Gerhartinger has joined from Paysafe, where over a 13-year tenure he rose through senior leadership positions to become global head of Regulatory, Government Affairs, Enterprise Risk, and ESG.
His remit spanned a payments group listed on the New York Stock Exchange and operating under licenses across North America, Europe, and Latin America.
The firm says that he brings deep experience navigating multi-jurisdictional regulatory environments at scale, and will lead Lorum's legal, risk, and compliance functions.
The appointment is the latest step in a compliance build-out keeping pace with that growth.
George Davis, co-founder and CEO of Lorum, says: “Correspondent banking underpins the global economy, and the system itself works. What has not worked is the set of incentives and intermediaries that built up around it.
“We are building the institution that realigns those incentives, and bringing in a leader of Hartwig's standing reflects the company we intend to become.”
Gerhartinger adds: “The institutions squeezed out of correspondent banking over the past decade were not failed by regulation, they were failed by economics.
“Building infrastructure that serves them again, to the standard regulators expect of a bank, is the most consequential mandate in financial services right now. That is why I joined.”
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