Expert Details
United Kingdom Financial Services Regulation and Compliance
ID: 728057
United Kingdom
In addition to being a Fellow of The Chartered Insurance Institute, Expert also holds a Msc degree from The City University, London (Insurance and Risk Management), is a Diploma Holder of the Personal Finance Society and a Member of The Academy of Experts. He is also a qualified mediator.
Expert has written many articles for the financial services press (mainly on compliance issues), has written examination questions for The Chartered Insurance Institute and has spoken widely at public conferences.
Expert was part of a team that developed the process and reviewed the mis-selling of investments by a major bank which resulted in payment of some £150m in compensation. Expert has controlled a number of due diligence audits involving the acquisition of one corporation by another. Expert helped develop the regulatory and compliance structure, and wrote many of the procedure manuals for a new insurance company. Expert has acted as the interface between a large group of small friendly societies and their regulator in implementing new training procedures. Expert has acted as the interface between penny share dealers (a group representing nearly all regulated corporations in this sector) and their regulator in implementing new dealing rules.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1976 | Degree: MSc | Subject: Insurance and Risk Management | Institution: The City University, London, UK |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2006 to Present | Employer: Undisclosed | Title: Principal | Department: |
Responsibilities:Expert is currently engaged on his own account as a financial services consultant, mainly involved in expert witness report writing and mediation. |
|||
| Years | Employer | Title | Department |
| Years: 1987 to 2006 | Employer: Compliance Consultants Limited | Title: Chairman | Department: |
Responsibilities:Expert established Compliance Consultants Ltd in 1987 and was involved in all areas of its activities, including compliance auditing, regulatory approvals, disciplinary representations before regulators, advising regulators on new rules. His clients were mainly insurance companies, financial advisers, banks etc. |
|||
| Years | Employer | Title | Department |
| Years: 1990 to 2005 | Employer: Financial Investment & Advisory Services Ltd | Title: Chairman | Department: |
Responsibilities:Expert was involved on a part-time basis in providing investment, pensions and life assurance advice to individuals and corporate clients. In the latter years his role was restricted to chairing the board as other activities (e.g Compliance Consultants Ltd) took precedence. |
|||
| Years | Employer | Title | Department |
| Years: 1987 to 1990 | Employer: CGA Financial Services Ltd | Title: Deputy Managing Director | Department: |
Responsibilities:Expert was appointed Deputy Managing Director when CGA acquired his company Investment Planning Analysis & Management Ltd in 1987. He was mainly responsible for regulatory compliance throughout the group (12 UK offices) and for the merging of aquisitions. |
|||
| Years | Employer | Title | Department |
| Years: 1981 to 1987 | Employer: Investment Planning Analysis and Management Ltd | Title: Chairman | Department: |
Responsibilities:Expert established IPAM and was involved in advising individual and corporate clients and managing investment funds as well as developing the company and preparing it for sale. |
|||
| Years | Employer | Title | Department |
| Years: 1978 to 1981 | Employer: Co-operative Bank Insurance Services Ltd | Title: Director | Department: |
Responsibilities:Expert was responsible for developing the financial services business from scratch through a network of 65 bank branches. |
|||
| Years | Employer | Title | Department |
| Years: 1976 to 1978 | Employer: Harrow College of Technology | Title: Lecturer | Department: Insurance Division |
Responsibilities:Expert established the Insurance Division within the College and developed its range of professional courses, as well as lecturing students on professional examination topics. |
|||
| Years | Employer | Title | Department |
| Years: 1969 to 1976 | Employer: Eagle Star Insurance Group | Title: Inspector | Department: |
Responsibilities:Expert was mainly involved with the servicing of brokers in West London and with marketing life assurance and other financial services products direct to clients. |
|||
Government Experience
| Years | Agency | Role | Description |
|---|---|---|---|
| Years: 1995 to 1997 | Agency: Personal Investment Authority | Role: Adviser | Description: Advising on new rules for financial resources, broker fund management and penny share dealing. |
Career Accomplishments
| Associations / Societies |
|---|
| Expert is a Fellow of The Chartered Insurance Institute and a Member of The Academy of Experts. |
| Licenses / Certifications |
|---|
| Expert is a qualified mediator (by The Academy of Experts). |
| Professional Appointments |
|---|
| Expert was the first Chairman of the Disciplinary Committee of the Mortgage Code Compliance Board,and also sat on its appeals committees. |
| Awards / Recognition |
|---|
| Expert was the runner-up in the 2006 awards for the individual who had contributed most to UK financial services compliance in the previous 20 years. |
| Publications and Patents Summary |
|---|
| Expert wrote in the region of 40 articles for professional publications, on compliance issues and related issues between 1976 and 2006. |
Additional Experience
| Expert Witness Experience |
|---|
| Expert has been an expert witness since 1995. He has written in excess of 200 reports involving cases valued at a few tens of thousands of pounds to over £15m. He has wide experience of court appearances, including in the Royal Courts of Justice, London. He has also appeared at tribunals and, as a non-lawyer, has represented firms before disciplinary tribunals. |
| Training / Seminars |
|---|
| Expert developed and delivered many training courses on compliance issues, including money laundering, new regulations etc, whilst at Compliance Consultants Ltd. He also developed and delivered courses on behalf of The Chartered Insurance Institute and The Personal Finance Society. |
| Vendor Selection |
|---|
| None |
| Marketing Experience |
|---|
| Expert is one of very few financial services professionals in the UK who has a Masters Degree in a related subject (Insurance and Risk Management) and his FCII and Dip FPS qualifications are also highly regarded. In isolation, these are not major resources but they add considerable value to an already wide and impressively experienced background. |
| Other Relevant Experience |
|---|
| Expert is able to assess the key issues very quickly and advise whether there is any merit in continuing a particular course of action. This ability is praised by many of his clients and has saved substantial sums of money over the years. He is also capable of producing outstanding quality work to extremely tight deadlines when required. |
Fields of Expertise
alternative dispute resolution, compliance, dispute, expert witness, Financial Industry Regulatory Authority, financial malpractice, financial planning, governing authority, investment, investment dispute, investment management, legal liability, mediation, mutual fund, pension fund, portfolio, portfolio management, regulatory compliance auditing, securities mediation, suitability of investments, expert testimony, stocks, court, pension mismanagement, financial advisory, trial, trial testimony, courtroom testimony, testimony, pension benefit, evidence, return on investment, fixed income securities, government securities, professional negligence, life insurance arbitration, insurance licensing, professional malpractice, insurance compliance, professional liability, insurance dispute, employment dispute, contract dispute, commercial dispute, financial service, securities regulation, insurance regulation, mortgage backed security, investment research, securities fraud, fraud, banking, churning (stock trade), negligence, annuities, insurance, business ethics, claiming, regulatory organization, damage