Exclusive: Mark Kelly Leaves Coinbase, Starts Regulatory Advisory Firm

The new venture provides advisory services for regulation in the crypto asset space.

Mark Kelly, a veteran in the financial industry, has taken on a new venture. In an exclusive, Kelly revealed to Finance Magnates, that he has left his position as Head of Compliance for Coinbase UK and has set up a consulting business.

The business is named Regulatory Advice Limited and capitalizes on Kelly’s three decades worth of experience in the London financial markets. The business, which he founded in October of 2019, provides an advisory service to those seeking support in understanding the regulatory landscape for crypto assets in the UK.

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Furthermore, the company also leverages Kelly’s earlier experience, and help firms having to comply with the MiFIR and EMIR reporting regimes by providing practical and targeted advice, he told Finance Magnates.

Prior to his tenure at Coinbase UK, Kelly was well-known in the foreign exchange (forex) industry for being the director of Abide Financial, which is now CME Group Regulatory Reporting.

Kelly has a long and varied career, commencing in the 80s. Before he was at Coinbase UK, he also spent time at large investment banks, such as Lehman Brothers, Salomon Brothers, and Barclays Capital, where he held senior Compliance and Audit positions. In the consultancy space, he worked at Grant Thornton and Price Waterhouse.

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Mark Kelly of Regulatory Advice Limited
Mark Kelly, Director at Regulatory Advice Limited

Commenting on his new business, Kelly told Finance Magnates: “The take-up of advisory services in the month since starting the new business has shown the level of demand for micro consulting in these specialist areas.” 

“By micro consulting I mean the delivery of precise and actionable guidance at the moment it is needed, without the inefficiency and expense of a large traditional consulting assignment. Clients have been quick to subscribe to an on-call service for ad hoc advice by telephone and email.”

Mark Kelly joins Cappitech Board of Advisors

Recently, Cappitech, which provides regulatory reporting and intelligence solutions, announced that Kelly had been appointed to its Board of Advisors, as part of his new venture with Regulatory Advice Limited.

Kelly expects to reveal further announcements in the coming weeks.

Mark Kelly will be a speaker at the upcoming Finance Magnates London Summit. On November 13, 2019, he will be speaking on the Cryptocurrency Regulation: Regulatory Must-Knows topic, which will focus on cryptocurrency regulation.

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