Exclusive: TigerWit Secures Gareth Derbyshire as its CCO

TigerWit, a global foreign exchange (forex) broker based in the United Kingdom, has revealed exclusively to Finance Magnates that it has appointed Gareth Derbyshire as its Chief Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Officer (CCO).

With more than two decades worth of experience in regulatory and compliance across financial services, such as banking, retail derivatives and accounting, Derbyshire will be responsible for the firm’s global operating licenses and compliance oversight.

Before holding the position of CCO at TigerWit, Derbyshire has had a varied career, which involved him working for the Financial Ombudsman Service (FOS). During his 20-year career, he has also worked in the banking sector as Compliance Manager at Norwich and Peterborough Building Society and in the retail trading space by joining CMC Markets as Head of Compliance for the UK and Europe.

In addition, Derbyshire has also been employed as the Compliance Officer at other contracts for difference (CFD) brokers such as Plus500 and ETX Capital, as well as being the Senior Manager of Financial Services Risk and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term at PwC.

Commenting on the appointment, Tim Hughes, the CEO at TigerWit said: “We are delighted to have someone with Gareth’s experience join the TigerWit team. As we continue to grow, his knowledge of the regulatory environment will be invaluable. Our innovative approach to trading requires professionals with both industry and technological expertise.”

According to the statement, as a result of Derbyshire’s experience, he has accrued in-depth experience in managing all aspects of compliance and financial crime for regulated businesses. His specialties also include helping firms achieve full regulatory permission and overseas licenses.

TigerWit Plans to Expand Footprint in 2019

The appointment of Derbyshire follows on from TigerWit stating that it plans to continue to expand its footprint in its 2018 financial report. As highlighted, the firm plans to achieve this by securing more financial licenses, sign more partnerships and enter into new jurisdictions in 2019.

“It’s very exciting to join such an innovative business and I truly believe they are a game changer. During these times of regulatory change, it’s important to ensure that technology advances serve to enhance the trading experience and greater protect clients,” added Derbyshire.