FTI recruits compliance expert Rod Francis to forensics team in Hong Kong

30 January 2019 Consultancy.asia

FTI Consulting has recruited credentialed risk and compliance expert Rod Francis to its forensics and litigation team in Hong Kong, where as a Senior Managing Director he will lead FTI’s newly created Financial Crime Compliance offering in Asia.

Until recently serving as the Asia Pacific Regional Head of Anti-Money Laundering Compliance for Citibank, financial compliance veteran Rod Francis has been recruited by FTI Consulting to lead its new Financial Crime Compliance line in Asia, with Francis to be based out of Hong Kong as a Senior Managing Director. There he joins Sandeep Jadav, who was among others elevated as a Senior Managing Director in FTI’s local Forensics and Litigation team at the start of the year.

Prior to his more than eight years with Citibank, also based in Hong Kong, Francis was for three and a half years an executive director with UBS in Hong Kong, for periods heading up the Swiss investment bank’s APAC functions in Central Compliance and in Anti-Money Laundering and Sanctions Compliance, while also serving as its Global Head of Regulatory Reporting. Altogether, Francis has amassed 25 years of experience in risk related roles with major financial institutions.

In addition to Citibank and UBS in Asia, Francis was until 2000 a Vice President, Regulatory and Data Control for Bank of America Merril Lynch in London, before switching to Stanley Morgan as a Senior Vice President and EMEA regional head of Anti-money Laundering and Operations Compliance for the following three and a half years. From there, the highly credentialed risk expert joined Credit Suisse as a compliance and anti-laundering executive director and EMEA regional head.FTI appoints Rod Francis as Senior Managing Director for forensics practice in Hong Kong“Rod’s experience overseeing compliance across multiple regions for a major financial institution adds significant value for clients who face regulatory and legal challenges,” said FTI’s Global Forensics and Litigation leader Paul Ficca. FTI Asia co-lead Jon Rowell adds; “Rod is well-known among both the financial services and regulatory communities, and with his depth of expertise, he will help grow our presence in Asia Pacific and enhance the bench of talent we offer our clients globally.”

The firm has already gathered and developed a significant and respected presence in the forensics consulting domain both in the Asia Pacific and abroad. Recently, FTI and its subsidiary Compass Lexecon achieved record representation on Who’s Who Legal Arbitration 2019: Expert Witnesses list, making up nearly a quarter of the entire list – with Francis’s new Hong Kong-based forensics division colleagues Mike Allen, Jon Rowell and Graham McNeill among them.

At FTI, Francis has been tasked with helping clients in the banking and financial services segments to manage the increasingly complex global regulatory environment, with financial institutions under greater scrutiny than ever before. Under the Financial Crime Compliance offering new to Asia and to be led by Francis, FTI will provide “end-to-end anti-money laundering, sanctions and anti-corruption consulting services, including programme design, implementation and complex investigations and remediation tasks,” – complementing the firm’s existing offerings in the US and UK.

Previously, while at Citibank, Francis focused on coordinating and implementing programme change requirements as to new U.S. regulatory obligations and commitments under three U.S. consent orders, building a compliance team of more than 400 professionals while helping to improve the overall quality of the anti-money laundering, sanctions and anti-bribery and anti-corruption functions across business sectors, including Consumer/Retail, Wholesale, Investment Banking, Wealth Management and Asset Management Banking.

“As an independent global advisory firm, FTI Consulting offers the perfect opportunity for me to leverage my experience and help companies ensure they remain compliant with financial and anti-corruption laws and regulations,” said Francis of his fresh appointment. “I have known FTI Consulting’s professionals and reputation for many years, and I am excited to join the firm.” Francis also serves as a Board Member of the Hong Kong Chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS).

Deloitte adds Richard Hayler as Disputes and Arbitration leader

16 April 2019 Consultancy.asia

Deloitte has brought in Richard Hayler as its new Southeast Asia Disputes and Arbitration Leader. Hayler crosses from FTI Consulting – continuing the recent personnel shuffle in the regional forensics space.

Following the onboarding of veteran forensics expert Jarrod Baker as its new Forensic Investigations Leader for Southeast Asia earlier this year, global professional services leader Deloitte has added another ex-FTI Consulting executive to its regional forensics practice with the appointment of Richard Hayler as its new Southeast Asia Disputes and Arbitration leader. It’s Hayler’s second stint at the Big Four firm.

Originally starting out as an auditor in the chemicals, pharmaceuticals & energy practice of fellow Big Four firm KPMG in the UK (via a five-year Technical Director role with specialist life sciences consultancy Primarius), Hayler after three years crossed to Deloitte in 2008, serving as an Associate Director for its Forensic & Dispute Services division in London, and then from 2012 in Singapore. 

From there, Hayler joined the Singapore office of FTI Consulting’s Economic & Financial practice, promoted to senior managing director at the beginning of last year. Now, like his colleague Baker, Hayler has returned for his second stint with Deloitte, after respectively four and nearly six years with FTI. Meanwhile, FTI recently added e-discovery expert Christopher Marks as a senior managing director – continuing its global raid on Ernst & Young.

“I am delighted to be returning to Deloitte rejoining old friends and being on board with a great team,” Hayler said. This is an exciting time to be back at Deloitte as the firm has made great strides integrating to serve its clients across Asia Pacific better and I look forward to being part of that success.” As of September last year, Deloitte began integrating its Asia Pacific arms into single operational unit – with a co-attendant $321 million investment committed to human capital.Deloitte adds Richard Hayler as Disputes and Arbitration Leader in Southeast AsiaHayler across his career has developed expertise in a broad range of  competencies around forensics, disputes and litigation, including complex valuations, M&A and contractual disputes, accounting irregularities; alleged misappropriation, asset tracing and fraud investigations among others – having led or advised teams multiple jurisdictions in “some of the largest and most complex cases in the last decade.”

“Having Richard in our leadership team is a strong market differentiator,” said Tim Phillipps, Deloitte’s Financial Crime Strategy and Response Network leader for APAC. “His track record and extensive experience will be critical as we continue to expand and strengthen our presence in the Southeast Asia region.  It will enhance our capacity to serve our clients, and ensure that we continue to provide clear, timely and insightful counsel.”

In addition to Deloitte, Hayler serves on the Standards Review Board of the International Valuation Standards Council, as well as being a member of the adjunct faculty at Singapore Management University’s School of Law and the Honorary Treasurer for the Board of Directors of the Chartered Institute of Arbitrators Singapore. He was also last year a group representative for financial & fintech business group with the local British Chamber of Commerce.

According to the firm, Hayler’s recruitment forms part of its plans to expand its forensics services in the region – a practice which has already grown substantially in recent years to include more than 125 dedicated forensic practitioners based in Singapore, Indonesia, Malaysia, Thailand, and Vietnam, with growth driven by investment in disputes and arbitration, electronic discovery, investigations, forensic digital platforms and financial crime advisory and analytics among other areas.