Expert Details

United Kingdom Financial Services Regulation and Compliance

ID: 728057 United Kingdom

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Expert has worked in the financial services sector (investment, pensions, life assurance, mortgages, mutual funds, securities etc.) for more than 40 years. He has been a director (or equivalent) of every organisation he has worked for since the age of 26 and he was one of the youngest ever individuals (at the age of 21) to be elected as a Fellow of The Chartered Insurance Institute. Expert has been invloved in most areas of financial services, including the provision of advice to corporations and individuals and investment management, but for the the latter part of his career he was involved in compliance consultancy for financial services organisations. He established the first specialist UK compliance consultancy for financial services businesses (Compliance Consultants Ltd., now part of Resources Global Professionals Inc) in 1987, since when he has completed hundreds of client audits and advised the UK regulatory authorities on various new rules. Expert was also the first Chairman of the Mortgage Code Compliance Board Disciplinary Committee. For the last 15 years he has been extensively involved in financial services expert witness work and mediation, handling disputes of up to £15m and with considerable court experience.

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.

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.

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).
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.

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

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