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Ocorian has announced the promotion of Joe French to managing director and head of its financial crime and consulting services.
French, who has previously worked for the firm’s Newgate Compliance Limited for more than six years, has 13 years of experience with HMRC’s intelligence teams, which developed domestic and international criminal and civil cases in relation to money laundering, fraud and cyber-crime.
Prior to this, he also worked for the FCA after starting his career with the Royal Bank of Scotland.
The internal promotion comes after research commissioned by Ocorian revealed that over 130 family office professionals said growing regulatory pressures are a key driver behind 91% expecting their outsourcing to grow over the next three years.
Ricky Popat, director of regulatory and compliance at Ocorian, said: “Joe’s appointment and our growing financial crime team emphasises our focus on excellence in this area.
“We know that many clients including family offices struggle to source regulatory support, so we’re delighted to be able to enhance our services to clients with particular emphasis on digital assets.”
French added: “Regulatory demands are increasing rapidly across all jurisdictions and businesses often find it difficult to ensure they remain compliant on a continuous basis and financial crime is a major focus for regulators worldwide.
“I’m excited to be part of a growing team at Ocorian who can offer clients the very best advice and continue supporting clients with pragmatic and flexible solutions building on the wide range of services provided by Ocorian.”
