Clare specialises in assisting new entrants to the GCC financial services sector with meeting their initial and on-going Compliance requirements. Clare’s specific areas of expertise are in respect of the rules relating to the GCC regulatory environment and how these apply to local entities and, where relevant, the impact on their global business.
Clare’s background is mainly with investment firms, wealth managers, brokers and exchanges. Clare has considerable experience with wealth management firms in the GCC as well as those based outside the GCC who wish to market their services to potential GCC investors.
With over 15 years compliance experience in-house for both large and small firms as well as within a Commodities/Equities Exchange, Clare can provide expert technical advice on both a group and entity basis on the impact and on-going obligations of a Firm which is established in the GCC. This expertise has been applied to establishing branches of large international firms as well as small local start-ups. Clare also acts as the Compliance Officer and MLRO for a select number of DFSA authorised firms with whom she has built up long term relationships and has become an integral part of their operations. Working in partnership with these firms ensures that not only are DFSA requirements met but also those of the group or local management.
Clare has held senior positions in a number of UK and Middle East financial services institutions and Exchanges. Clare has advised firms looking to set up in the region as to their structure, how best to meet their on-going commercial needs within the applicable regulatory framework as well as firms on-going obligations, including variation of permission, change of controller and impact of changing regulations from a local and global perspective. Clare and the team have on-going interaction with DFSA and work with the regulators to ensure firm’s under CCL’s care always receive accurate advice in line with regulatory expectations.
Clare is a member of the CISI and is a member of the Dubai Mercantile Exchange’s Disciplinary Committee. Clare has been in the region since 2006.
Recent work includes:
Providing Compliance outsourcing or support to:
- A financial group providing brokerage services in financial futures and options;
- A US based Private Equity Firm based in both Dubai and Saudi Arabia;
- A European based trading platform provider;
- An International investment bank; and
- A start up hedge fund.
Email Clare Curtis +971 4 323 0800