TigerWit, a global foreign exchange (forex) broker based in the United Kingdom, has revealed exclusively to Finance Magnates that it has appointed Gareth Derbyshire as its Chief Compliance Officer (CCO).
With more than two decades worth of experience in regulatory and compliance across financial services, such as banking, retail derivatives and accounting, Derbyshire will be responsible for the firm’s global operating licenses and compliance oversight.
Before holding the position of CCO at TigerWit, Derbyshire has had a varied career, which involved him working for the Financial Ombudsman Service (FOS). During his 20-year career, he has also worked in the banking sector as Compliance Manager at Norwich and Peterborough Building Society and in the retail trading space by joining CMC Markets as Head of Compliance for the UK and Europe.
In addition, Derbyshire has also been employed as the Compliance Officer at other contracts for difference (CFD) brokers such as Plus500 and ETX Capital, as well as being the Senior Manager of Financial Services Risk and Regulation at PwC.
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Commenting on the appointment, Tim Hughes, the CEO at TigerWit said: “We are delighted to have someone with Gareth’s experience join the TigerWit team. As we continue to grow, his knowledge of the regulatory environment will be invaluable. Our innovative approach to trading requires professionals with both industry and technological expertise.”
According to the statement, as a result of Derbyshire’s experience, he has accrued in-depth experience in managing all aspects of compliance and financial crime for regulated businesses. His specialties also include helping firms achieve full regulatory permission and overseas licenses.
TigerWit Plans to Expand Footprint in 2019
The appointment of Derbyshire follows on from TigerWit stating that it plans to continue to expand its footprint in its 2018 financial report. As highlighted, the firm plans to achieve this by securing more financial licenses, sign more partnerships and enter into new jurisdictions in 2019.
“It’s very exciting to join such an innovative business and I truly believe they are a game changer. During these times of regulatory change, it’s important to ensure that technology advances serve to enhance the trading experience and greater protect clients,” added Derbyshire.