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Compliance in Asian Wealth Management Forum 2020 - Exclusive Insights - Damian Hitchen - Swissquote - 2

Damian Hitchen of Swissquote

Jan 24, 2020

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1. You recently arrived and set up your CMS licensed entity – how did that go?

Video transcript

1. You recently arrived and set up your CMS licensed entity – how did that go?

So again, just referencing the compliance side of the business, the first thing I did with my team is essentially show them what we do. So, I showed them our products, showed them our services, showed them how we operate. So, before they put their compliance hat on, which is obviously their MAS experience, is they're able to translate that into what we actually do as a business, and they start thinking in alignment with what we need to do as a business. So I think that's critically important. That process has gone really well. The MAS's quite clear in their guidelines. They do allow firms to take a lot of that responsibility on their own shoulders. And expectations is that the firm will act within those framework. So far, so good.

 

 
 
 

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