5th Annual TISA CASS Conference 2019

Jeffrey, having read History at Cambridge qualified as a Chartered Accountant with Coopers & Lybrand (now PwC). He then spent seven years in banking including posts as chief accountant of two merchant banks (HongKongBank and Samuel Montagu). He has spent 25 years in the funds industry, including 15 years at M&G, where he held a number of operational roles including Chief Trusts Accountant, setting up M&G's call centre, launching closed and open ended funds, public affairs spokesman, and responsibility for non-compliance relationships with regulators, HMRC and Government. He was a director of M&G and ran M&G's direct business.

Mark Babington is the Acting Director of UK Auditing Standards and Competition at the Financial Reporting Council. He is responsible for the FRC’s UK Audit Policy programme, measures to support greater competition in the UK audit market and work to support the reform of international standard setting for auditors, by global regulatory authorities. Prior to joining the FRC, Mark had a twenty-year career in audit and was a Director at the UK National Audit Office, where his responsibilities included the audit of HM Revenue and Customs, Energy and Nuclear and Defence. Prior to that he was a technical advisor to a number of EU capacity-building programmes. He was also involved in the audit of the United Nations. For five years, Mark was a member of the UK government’s counter-fraud taskforce, He led the NAO’s work on Financial Management, Counter Fraud and Money Laundering. He is a former Chairman of the International Colleges of Auditors of a number of European defence-related organisations. Mark is an Independent Governor, Board Member and Chair of the Audit and Risk Committee of the Westminster Foundation for Democracy, which is the UK public body dedicated to supporting democracy around the world.

Amarjit is a Partner at EY, leading EY’s extended assurance offerings in Wealth & Asset Management sector. He has worked with a wide range of clients from global asset managers and their funds through to investment trusts, private equity houses and hedge fund managers on variety of assignments from traditional audits to internal control reviews as well as s39/s166 FSA/FCA engagements. He spent four years in various roles at J.P. Morgan Asset Management before rejoining EY as a partner in 2008. Currently he is responsible for a number of Ernst & Young’s largest wealth and asset management clients and also provides regulatory assistance especially advising asset and wealth managers on CASS, MiFID II, CRD IV, Suitability and Solvency II. He chairs the ICAEW’s Investment Management Committee and represents EY at the FRC and FCA on CASS matters. Amarjit is an active supporter of the Diversity & Inclusiveness programme at EY and is the chair of the EY Sikh Network. He leads our engagement with clients on their D&I initiatives in the Financial Services industry.

Bruce has consulted in the investment sector for 15 years, helping steer clients in the UK and EU through many of the biggest regulatory changes of recent years, including RDR, MiFID II and (of course) SMCR. He focusses on the operational and customer impacts of regulation, ensuring that regulatory change projects deliver something useable in the business. Whilst SMCR is seen as a "back room" regulation, it's important that organisation's SMCR programmes deliver an operational BAU process that will cope with all the other changes that will occur in your business after December 9th.

Marcus Swales, Partner, Grant Thornton, with 24 years experience, in financial services audit and advisory service, assurance reporting under FRC CASS assurance standard. Marcus has served on a number of industry committees established under FRC, ICAEW, IA and the AIC, as well led the audit of over 30 listed investment companies and fund managers

Hanish runs KPMG’s specialist assurance team that advises on the UK Financial Conduct Authority’s Client Assets (CASS) requirements, and has been with KPMG for over fifteen years. In that time he has worked on a number of financial services audit, assurance and advisory projects, and has undertaken client secondments to a US investment bank and UK Financial Investments (part of HM Treasury). Hanish’s main focus for the past nine years has been managing the delivery of CASS process and control reviews and CASS audits at firms in the banking sector. This has involved working on a breadth of engagements including skilled persons reviews (S166s), advising on governance arrangements, performing post-insolvency reviews, supporting CASS remediation programs and helping firms as they prepare for Brexit.

Colleen is a Partner within our Asset and Wealth Management audit practice and leads PwC’s CASS practice nationally. Colleen has 20 years of experience of working in the A&WM industry. As part of her CASS role, Colleen delivers regulatory reviews as well as non-audit assurance engagements. Colleen is also a financial statement auditor and leads corporate audits of local, global and boutique investment managers as well as authorised funds and investment trusts audits. Her experience further includes overseeing the outsourcing of the fund accounting and pricing functions to and transferring between third party providers, advising on regulatory change and giving assurance over fund mergers and closures. She is a member of the ICAEW's Investment Management Committee. Colleen’s past and current clients include HSBC Asset Management, Fidelity International, DST, Legg Mason Corporate & Funds, Invesco Funds and control’s report, M&G Funds, and Generation Investment Management LLP.

Ash Saluja has over 20 years of experience advising clients on regulatory and commercial matters. Clients include banks, broker-dealers, funds, investment managers and advisers, exchanges, platforms and trading facilities, insurers and insurance intermediaries, as well as the large corporate/pension fund clients and suppliers of these types of institutions. Ash advises on the authorisation and conduct of business requirements, corporate governance, regulatory capital, client money and assets, product design and distribution, cross border business, insider dealing and market abuse, anti-money laundering requirements, as well as the regulatory aspects of mergers and acquisitions, Tom Callaby, Associate, CMS CMNO LLO, joint ventures and outsourcings.

Tom trained at CMS and qualified into the Financial Markets and Pensions regulatory team in August 2016. Tom advises banks, broker/dealers, trading venues, insurers, fund managers and other financial services firms on a range of complex UK and EU regulatory issues. Tom has worked with clients on significant business transfers (including client money transfers), cross border projects and restructuring, including currently in relation to Brexit. In addition to his work with established international groups, Tom has worked with a number of innovative FinTech businesses to establish new authorised firms, products and trading venues. Tom has previously spent six months on client secondment to MetLife, the global insurer.

Dennis is a Director in our Banking and Capital Markets Audit and Assurance Practice in London. His areas of specialism are the trading activities and back office operations of financial institutions and Client Assets CASS audits of banks and investment firms. Dennis is one of the industry’s market leading experts in the FCA Client Assets CASS rules where he has provided audit, assurance and advisory services to a wide range of businesses such as custody banks, prime brokers, broker-dealers, wealth and private banking, corporate trust and depositories, securities financing, listed derivatives houses, crowdfunding platforms and P2P lenders. Dennis also has international experience working on other client assets regulatory regime in Ireland, Jersey, Japan, Singapore, Hong Kong, Dubai, and Australia.

I have been working for Standard Life for the last 3 years and prior to that I was doing a similar role within AXA for 16 years. I have had a variety of management roles across the finance function based in the Bristol. I have been involved with Client money related processes over the last 13 years. I currently manage the Finance Operations and Client Money team within Standard Life Aberdeen, based in Bristol. I am also the Chair of the TISA Client Assets technical committee and have been in this role for a number of years, this committee is represented by multiple firms from across the industry who are impacted by the CASS rules. It discusses topical issues and works with its members to deal with common issues across the industry, develop best practice and feedback to the FCA on key issues. I previously worked for Thomas Cook for 3 years and prior to that completed my ACA accounting qualification with Price Waterhouse in Nottingham.