Alpha FMC, an asset and wealth management consultant in the UK, has launched a dedicated compliance practice to enable clients comply with regulatory norms.
The new unit will be headed by former Financial Conduct Authority (FCA) regulator Andrew Glessing. At FCA, Glessing served seven years as a manager overseeing FSA/FCA-regulated asset and wealth managers, platforms, pension providers and outsourcing firms.
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He most recently worked as a managing director of advisory services at The Consulting Consortium, a compliance consultancy firm.
Glessing will be supported by Ala-Ilomaki, who will hold a senior position leading compliance rule coding in the new practice and will report to Glessing.
Alpha FMC’s compliance practice will initially include nine consultants.
Euan Fraser, Alpha FMC global CEO said: "The new practice will build upon Alpha’s existing capabilities and is part of the business that we plan to grow significantly in the coming years. Alpha already has a strong track-record of supporting our clients with their compliance initiatives and Andrew and Mikko’s extensive experience will allow us to deepen our capabilities and provide a new range of services to our clients."
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