UnaVista appoints David Nowell from FSA
David Nowell joins from FSA
- Newly created role reflects UnaVista’s commitment to provide clients with additional operational risk advisory services
London Stock Exchange Group today announced that David Nowell has joined its UnaVista division as Head of Industry Relations and Regulatory Compliance. David has over 20 years financial services experience, having previously worked for the FSA, where he was a Technical Specialist within the Transaction Monitoring Unit.
In this newly created role, reflecting the continuing expansion of the UnaVista platform, David will provide advisory expertise to UnaVista clients across all areas of operational risk and regulatory compliance.
UnaVista is actively working with customers and with its partner network to help firms comply with their reporting obligations. A key current area of focus for regulators, this allows them to submit accurate and complete reports, to avoid enforcement action.
Mark Husler, Head of Business Development, Information Services at LSE Group commented:
“We are delighted to welcome David Nowell to the UnaVista team. David is one of the UK’s transaction reporting regulation experts and brings a wealth of experience to this new role. He will focus on enabling our clients to meet new compliance requirements whilst assisting in the development of increasingly safer and more efficient post-trade reporting procedures”.
As part of its commitment to helping clients meet all their post-trade reporting obligations, the UnaVista team will be hosting a Client Association Day on 27 June. Clients will have the opportunity to learn from David Nowell about regulation updates to MiFID 2, TRUP, EMIR and Aii, as well as information on what the FSA is looking for in their Firm Visit Programme.
David Nowell has over 20 years’ financial services experience on both sides of the regulatory fence, having worked previously for the FSA, Reuters and Credit Suisse. At Credit Suisse, he was Transaction Reporting Manager, responsible for ensuring compliance across all aspects of the reporting process and advising on new regulatory requirements. Prior to this, Nowell was a Technical Specialist within the Transaction Monitoring Unit at the FSA, where he was responsible for shaping the transaction reporting rules and providing guidance to UK firms. As the FSA’s representative on transaction reporting in Europe, he was intimately engaged in policy negotiations with other regulators, giving him a unique insight into the policy making process and the regulators’ expectations of the industry.