Independent, privately owned fiduciary and investment services company
Experience of how regulation works behind the scenes is a precious commodity. I worked for our regulator, the Guernsey Financial Services Commission, for 5 years so I can bring all that valuable experience to bear overseeing the Anti-Money Laundering and compliance side of Lancaster’s business.
We continue to have a very good relationship with the GFSC; they understand our business, our client base and the Lancaster way of doing things. We have an open dialogue with them so if issues come up we have a conversation and talk it through until we find a solution. You can’t predict what is going to happen regulation-wise but these relationships and our experience place us in the right position to protect our clients to the best of our ability.
Much of the raft of legislation and regulation that has come out in recent years has been extremely technical and often needs ‘translation’ to allow our clients to fully understand the changes and implications. There is always a confusing alphabet soup of acronyms that need deciphering and understanding. We have a lot of experience but we also have a strong network of providers to turn to for advice on specific technical issues.
All of this adds value and every one of the Lancaster staff is available to have that conversation, pick up the phone and speak with clients. It is the cornerstone of what we do and it is evolving all the time.
Paul joined Lancaster in 2013 and became Managing Director of Lancaster Investment Services Limited in 2017. Paul has over 25 years’ experience in the finance industry holding various senior management positions at a number of local financial institutions and specialises in investments, regulation, compliance, governance and operations. Paul is a Chartered Fellow of the Chartered Institute for Securities and Investment.