Troy is a senior member of CCL’s projects team which focuses on delivering high-quality regulatory licence applications to firms or start-ups establishing a presence in the DIFC and ADGM, including licence upgrades, variations and endorsements. Troy assists clients in assessing their business plans and provides experienced guidance on requisite permissions and licence category. Troy manages applications end to end, leading clients through the detailed drafting of the necessary documentation providing governance, risk and compliance advice to our clients and liaison with the regulator throughout the authorisation process. She also holds outsourced Compliance Officer and Money Laundering Reporting Officer roles and provides ongoing compliance support to a mix of DIFC entities, including private banks, corporate advisory and brokerage firms. Troy joined CCL in 2011 and in addition to her applications and outsourcing experience, has contributed to a number of financial crime, governance and risk reviews, customer due-diligence reviews, expert reports and delivery of ad hoc advisory and documentation services to unregulated firms, SFOs and other DNFBPs. Troy’s experience in the local market enables her to provide practical, tailored advice, support and solutions to clients across a range of financial services.
Troy began her compliance career at Standard Chartered Bank Dubai in 2005, where she was responsible for compliance risk monitoring for Retail and Wholesale banking. She participated in working groups for a number of key International Banking initiatives including evaluations of the bank’s compliance with key regulatory standards. As Head of Compliance for Standard Chartered Private Bank Troy was responsible for revising and enhancing Group Codes and Standards, forms and client documentation to comply with the legal and regulatory requirements of the DIFC and DFSA, as well as establishing systems and controls for ensuring that the bank was complicit with relevant regulations. In 2007 Troy joined Nakheel as Head of Compliance for its Fund Management initiative in the DIFC. She supported the CFO and provided advice on the DFSA authorisation process, developing a governance and compliance framework for the fund manager and provided support on the listing process. Later Troy joined Nakheel’s Legal team where she gained valuable experience in local law-making and development of enforceable local regulations. Troy is admitted as an attorney of the High Court of South Africa.
Recent work includes:
- Successful licencing of DFSA and ADGM firms across a broad spectrum and complexity of licences, including non-deposit taking credit institutions, fund and asset managers and advisory clients.
- Assisting applicants with the incorporation of the legal entity and ongoing company secretarial support.
- Keeping clients updated on regulatory changes and developing opportunities in the DIFC and ADGM.