MDR Mayfair, the leading private family advisory service, has welcomed three expert advisors as part of its expanded regulatory resilience service.
Recognising the demands of an increasingly regulated world, as well as the global nature of many families’ business interests, the new service helps clients navigate the complexities of regulation and compliance.
The new advisors – Michael Bulloch, John Dodds and Paul Martin – have many years of experience in the regulatory and compliance field as Heads of Compliance in international private banks, wealth management and investment firms. They will work with families, family offices and their network of professional advisors to provide assurance that an organisation can continue to meet ever changing standards in management, regulatory, reputational and operational risk.
This includes considering anti-money laundering measures and financial crime risks, compliance functions and resourcing, board and committee structures and reporting and risk mitigation measures.
The advisors will look at their clients’ current structures and processes, advising on the most effective enhancements, and work with family businesses and their boards to implement change where needed.
Alistair Morgan, MDR Mayfair Group Chief Executive Officer, said: "Our client families and their family offices are aware of the growing implications of fast-moving regulatory changes. Increasingly working across multiple jurisdictions, they want to know that their risk management and governance processes are robust.
We are excited to welcome Michael, John and Paul to the MDR Mayfair team, where they will play a vital role in ensuring our clients are protected from risks of all kinds – both now and for the long term."