European Regulation Forum

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European Regulation Forum The European Regulation Forum (ERF) was established in February 2013, originally as an Interest Group (ERIG) for CISI members and non-members and then graduating fully into

1 European Regulation Forum The European Regulation Forum (ERF) was established in February 2013, originally as an Interest Group (ERIG) for CISI members and non-members and then graduating fully into a CISI membership only forum operating under Chatham House rule in April The forum provides a platform where members can meet to discuss new European Union regulations and how they operate. The forum also provides insight into the approach and processes that drive European regulation and supervision, highlights the activities covered by EU supervisory bodies and considers hot topics and cultural differences. The forum arranges regular events and filmed interviews of influential people for its 900 plus members and has a Committee of nine volunteers drawn from different sectors in the sell-side, buy-side and trade bodies, covering both large and small firms. Chairman: Fiona King ACSI EMEA Client Asset Oversight Officer, Citigroup Fiona joined the European Regulations Interest Group at CISI shortly after its creation in 2015 and became its Chairperson in She is currently the registered Client Asset Oversight Officer for the Citi group of companies in this region and a member of its UK Operating Committee. Before joining Citi in 2015 she was the Regional Head of the Regulatory Group for Technology & Operations at Deutsche Bank and the Client Asset Oversight Officer for DB AG (London Branch) and DB UK Bank Limited. Fiona has over 30 years' experience in the financial services industry and spent the last 25 years of it working with regulations, as a Compliance Officer, a regulator at the SFA and FSA and now a registered 'Senior Manager' for Citi. As the Client Asset Oversight Officer, Fiona is responsible for ensuring the client asset segregation systems and controls are adequate and that the firm complies with the requirements of the UK regime. Apart from her regulatory knowledge and particular expertise in the field of client asset regulation, she is a Chartered Company Secretary and holds a Master s degree in Corporate Governance.

Deputy Chairman: Martin Watkins, Chartered FCSI, FIoD, FBCS EMEIA Lead for Exchanges and FMI, Ernst & Young Martin is a Board member and Trustee of the Chartered Institute for Securities and

He was CISI Founding Chairman of the European Regulations Interest Group; overseeing its transition into a professional Forum and is a member of the Astana International Exchange steering committee

2 Deputy Chairman: Martin Watkins, Chartered FCSI, FIoD, FBCS EMEIA Lead for Exchanges and FMI, Ernst & Young Martin is a Board member and Trustee of the Chartered Institute for Securities and Investment and EMEIA Lead for Exchanges and Financial Market Infrastructure at EY. He was CISI Founding Chairman of the European Regulations Interest Group; overseeing its transition into a professional Forum and is a member of the Astana International Exchange steering committee in Kazakhstan. With more than 20 years business and technology experience; Martin has held management, senior operations and delivery positions with leading Exchange groups, FMIs, Big Four audit and global technology firms in London, New York, Paris and Brussels. He is focused on restructuring markets for growth post Brexit, MiFID II, CSDR, governance models, operations, blockchains and Brexit; specialising on Equivalence, Liquidity and Euro-denominated clearing. At Euroclear, Martin was a member of senior management in London, settling 2Tn per day of equities, bonds and money market instruments. He also led change programmes in Brussels. Prior to Euroclear, he was a member of the Executive Management team and Division Head for Clearing at AtosEuronext SA in Paris. He was responsible for all LCH.Clearnet SA technology and a team of 100 business and technology professionals in the French capital, clearing 1.7Tn per day of equities, fixed income and derivatives. Martin was appointed Chairman of Global Operations Task Forces at Euroclear and AtosEuronext/LCH.Clearnet. Martin is a Court Assistant at the Worshipful Company of International Bankers. Deputy Chairman: Nicholas Herbert-Young MCSI Financial Conduct Authority (FCA) Nicholas Herbert-Young is a member of the International Affairs Department at the UK Financial Conduct Authority (FCA). Nicholas s responsibilities cover the FCA s relations with EU institutions, particularly with senior levels of the European Commission and with the European Parliament. He has also supported the FCA s contact with its counterparts in many central and east European Union member states. Prior to this, Nicholas worked on European relations, financial regulation policy and supervision for the UK Financial Services Authority. Nicholas holds degrees in Law from King s College, London and was called to the Bar of England and Wales.

He joined the European Regulatory Interest Group s Committee in 2014.

3 He has lectured in Law and on the European Union at several universities in England and Wales. Nicholas has been a member of the CISI since its inception, was a Member of the Securities Institute (SI) and contributed to the SI s exam-setting team. He joined the European Regulatory Interest Group s Committee in John Barrass Deputy Chief Executive, The Wealth Management Association John Barrass specialises in regulatory and financial crime issues at both EU and international level, following over 12 years from running international regulatory policy for two years for the then Department of Trade and Industry, for the SIB when he went there from DTI to Head their International Relations Department, and for the FSA when after the SIB he joined their International Policy Coordination and European Affairs Department in the Chairman s Office. Immediately prior to joining the WMA John was for over 5 years Head of CFA Institute Centre for Financial Market Integrity in Europe, the Middle East, and Africa,and for the 12 years preceding his short stint at the DTI he was, as a Russian and Czech speaker, in HM Diplomatic Service immersed in Soviet and East European business and East- West relations. John was educated at Cambridge University in Economics and has a Masters degree in Russian and Soviet Affairs from the University of Essex. Simon Cockbill, Chartered FCSI Compliance Director, Legg Mason Global Asset Management Simon Cockbill is the Compliance Director of Legg Mason European Compliance, leading a team of professionals responsible for Compliance and AML matters for the European entities of Legg Mason Global Asset Management s global funds distribution business. Prior to joining Legg Mason in 2007 he was a Compliance Officer and the MLRO at Lazard Asset Management Limited for 3 years.

Before this Simon was a member of the compliance teams at Financial Risk Management, F&C Investments, Perpetual plc and INVESCO. He initially trained as an auditor with Ernst & Young.

4 Before this Simon was a member of the compliance teams at Financial Risk Management, F&C Investments, Perpetual plc and INVESCO. He initially trained as an auditor with Ernst & Young. Simon holds a BSc (Hons) Business Economics and Accounting from the University of Southampton and is a Fellow of the Association of Chartered Certified Accountants and a Chartered Fellow of the Chartered Institute for Securities and Investment. Peter Mulcahy, Chartered MCSI Compliance Specialist, Northern Trust Peter started his financial services career in 2001 and has worked in Compliance since At Northern Trust, Peter is a member of the Capital Markets Compliance team based in London, providing advisory services to the Capital Markets business. Prior to joining Northern Trust in April 2016, he spent 3 years as a Compliance Advisory Officer at ICAP, a leading markets operator and provider of post trade risk mitigation and information services. Prior to ICAP he worked at inter-dealer broker Vantage Capital Markets and also the London Stock Exchange, in AIM Regulation and the Regulatory News Service. At the start of his career he worked at PLUS Markets in various roles. Peter is a Chartered Member of the CISI, and sits on their Compliance Forum Committee and European Regulation Forum Committee. He holds the CISI Certificate in Securities and Derivatives and the Diploma in Investment Compliance. He also holds an English degree from the University of Exeter. Aidan Paddick Head of Compliance and MLRO, ABN AMRO Aidan is currently Head of Compliance and MLRO for ABN AMRO Bank s UK activities and sits on its Executive Committee and is a Member of its European Management Team for its Clearing business. Aidan joined ABN AMRO in 2014, having been a regulatory consultant for 10 years, specialising in compliance, financial crime and regulatory change management global roles with several of the world s leading exchanges, clearing houses, banks and energy companies. Prior to that, Aidan has Head of European Audit for Bank of New York, before moving into senior compliance roles with RBS, Credit Suisse and then Rabobank. In addition to the above, Aidan has also served as Chairman of the Futures & Options Association s Compliance Committee and is a member of the Dubai Mercantile Exchange s Disciplinary Panel.

Michael Phillips Head of Compliance, Société Générale (London) With Compliance oversight responsibility for all corporate & investment banking, securities services, asset management and transaction

He qualified as a chartered accountant with Price Waterhouse in 1992 and joined the Securities & Futures Authority, working in the UK regulator s Surveillance Division, with responsibility for

5 Michael Phillips Head of Compliance, Société Générale (London) With Compliance oversight responsibility for all corporate & investment banking, securities services, asset management and transaction banking activities undertaken by the firms in the UK. He joined Société Générale in June He qualified as a chartered accountant with Price Waterhouse in 1992 and joined the Securities & Futures Authority, working in the UK regulator s Surveillance Division, with responsibility for private client and on-exchange derivatives firms. He moved to UBS London Compliance Department in 1997, joining the Equities Compliance team before establishing a risk assessment team that was responsible for undertaking Compliance risk reviews within London and the European region. He joined Lehman Brothers in London in 2002 as the Head of Central Compliance, the role also encompassing oversight of Compliance Monitoring, the European Compliance function, the Private Client & Asset Management businesses and the Anti- Money Laundering function. Kyra Paraschaki ACSI Director CASS Compliance, HSBC Kyra is a Director in HSBC s CASS Compliance team providing second line of defence advice and guidance on the requirements arising from client money and assets protection regulations across the different entities in the group. Before this, she was one of the founder members of FCA s CASS Unit and prior to this a senior associate in FCA s European Liaison and Strategy team specialising in policy making and regulatory change in respect of MiFID. Kyra has over 15 years of compliance experience in conduct of business, investor protection and client assets, is a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of CISI (where she has contributed to a number of textbooks) and was the practitioner chair of BBA s CASS Working Group in 2015 and She holds an MA in Classical Archaeology from University College London. Laurence Rose FCSI Managing Director, Altaira Wealth Management Laurence serves on the Public Affairs Committee of both the Council of British Chambers of Commerce in Europe and the British Swiss Chamber of Commerce. He is a Managing Director of Altaira Wealth Management and a Board Member of Banque Havilland SA. He is the current President of the National Advisory Council of the Chartered Institute for Securities and Investment for Switzerland.

Compliance Forum Committee

Compliance Forum Committee The Compliance Forum is the Institute's largest and it meets six times a year to discuss current issues. The Compliance Forum aim is to provide lively interaction at presentations