Danos Group
08 Jun

Environmental, social and governance (ESG) factors continue to grow in importance for Asset Managers, who are under both direct risk (climate-related disasters impacting commodities and global economies) and indirect risk (changing consumer preferences and increasing scrutiny and pressure by governments and regulators). 

Investment managers have the important role of guiding companies to invest in a more sustainable future, not only in the best interest of the planet, but also for savers and investors looking for long-term returns on their investments.

With the outbreak of the Coronavirus, attention may have been diverted away from the drive towards ESG-focused investing, but as the world begins to manage the pandemic, ESG priorities are emerging once more for both investment firms internally and those firms seeking investment.   

As the “S” in ESG and social data becomes more available and granular, so comes into focus the topic of Human Capital Management, and increased attention on Employee turnover, Labour practices & skills development, and Diversity & Inclusion, and how they impact on companies bottom line – especially given that labour costs can account for as much as 70% of business costs. The pandemic has put a spotlight on employee welfare, it has been reported that investors are planning to press companies for greater transparency on human capital policies and practices, be that living wages, work-life balance, or career development, and those investment firms will need to have their own ESG strategies for credibility.

Hiring strategies can have a big impact on staff attrition rates and the diversity of a firm. As specialist head-hunters we use a research-based approach to identify and develop extensive networks of Compliance, Financial Crime, Risk, and Legal professionals. We target the whole market to identify and headhunt diverse talent – 83% of candidates that are shortlisted by Danos Associates are from minority groups. By retaining the best diverse talent, our clients reduce staff turnover and related attrition costs, increase their business performance, and positively impact their ESG. 

Ed Wacher is a leading head-hunter for Compliance professionals within Asset and Wealth Management focusing on mid to senior level appointments. Having worked in the industry for over 12 years his network is extensive and has a proven track record of delivering assignments in a thorough but time sensitive manner.

If you are looking to hire, please reach out to Ed, who can share his market knowledge and identify the best talent for your firm.

Ed Wacher, Associate Partner
Tel: +44 (0) 20 3889 5756
Email: ewacher@danosassociates.com

07 Jun

Pride Month is about celebrating the LGBTQ+ Community but also raising awareness of past and current inequalities. The LGBTQ+ community still face inequality and discrimination in the workplace every day. Consider these statistics:

– Nearly one in ten LGBTQ+ employees have left a job because the environment was unwelcoming.

– More than 25% of transgender people who held or applied for a job in the last year reported being fired, not hired, or denied a promotion because of their gender identity.

Promotion of D&I hiring strategies is a way to combat these inequalities. Plus, firms with greater diversity are more likely to experience 36% above-average profitability.

As a recruitment firm we realise we can actively influence the inflow of under-represented groups into the sectors we service, thereby helping to advance the D&I (Diversity & Inclusion) agenda.

Please contact us today for more information on D&I hiring strategies and support, email: diversity@danosassociates.com

07 Jun

Our Singapore business in Risk and Compliance has seen a massive 48% increase compared to last year. With such an increase in demand we are seeing a return of active candidates receiving multiple offers; and as a result, hiring managers are missing out on the best talent. 

The Singapore hiring market accelerated towards the end of 2020 and demand continues to grow. We are seeing that the speed candidates are moving through the interview process has sped up considerably, however the overall time to fill positions has increased, because of: 

  • Candidates having multiple opportunities and wanting to consider all options before deciding. 
  • Large counteroffers being made by existing employers, contributing to wage inflations. 
  • Increased benefits and flexible working conditions being offered to tempt employees to remain in their current positions. 

Being resilient and nimble in the market is the new normal, so we are advising our clients to be as flexible as possible. If you are looking to successfully hire the best talent in the market, hire with confidence through Danos Associates as we…

  • Inform our clients throughout the process of the candidate’s key motivations. 
  • Advise clients on best ways to avoid losing candidates at the 11th hour. 
  • Target 100% of the candidate market – not just the active 20%. 
  • Leverage our extensive networks. 
  • Provide market data on expected salaries and benefits.  

If you would like to discuss our hiring approach and our success record, please contact me for a confidential discussion:  

Adnan Abu Bakr Maddix Maddix | Associate Partner, Head of Singapore | Tel: +65 6950 4505 | Email: adnanmaddix@danosassociates.com

03 Jun

As we enter the last month of Q2, 2021, the US Financial Services Governance hiring frenzy shows no signs of abating.  Since the start of the year hiring gradually increased towards the “compensation season”, and as we moved into Q2 we saw levels of hiring exponentially higher than pre-pandemic. 

With “return to the office” being a topic of conversation, the question of “how” firms are planning to do this remains moot for many, with the final decision yet to be made.  What most people agree on is that it will happen soon.  That said, some parts of the industry like FinTech and RegTech have moved to a 100% remote working model, this significantly opens hiring opportunities across the US.    

Currently we are seeing that Compliance hiring on the buy side is particularly active, as is Financial Crimes Compliance across all sectors of the industry. As a result, there are heightened levels of hiring activity across the major US Financial Services business hubs, including New York, Boston, Chicago, San Francisco, and Los Angeles. With hiring strategies planned to continue throughout the year for many of our clients. 

If you are looking to hire in US Compliance or would like to discuss the market, please feel free to reach out to the US Danos Associates team: 

Grant Potter | Partner, Head of Americas
Tel: +(1) 212 600 4827 | Email: gpotter@danosassociates.com

Jared Weber | Senior Associate
Tel: +(1) 212 600 4834 | Email: jweber@danosassociates.com

Jolene Lally | Associate, Compliance Consultant
Tel: +(1) 212 600 4903 | Email: jlally@danosassociates.com

03 Jun

The FCA announced this morning they were extending the end date of the Temporary Registrations Regime (TRR) for existing cryptoasset businesses due to a significantly high number of businesses not meeting the required standards under the Money Laundering Regulations. This has resulted in an unprecedented number of businesses withdrawing their applications.  

Read More From The FCA Click Here

The Danos Group has been at the forefront of the cryptoassets sector for a number of years and has supported numerous, leading crypto firms with both their authorisation and ongoing governance and AML needs.

If you are one of those firms struggling to meet the regulatory standards set by the FCA, we can provide the support you need to advance to full authorisation and into growth stage.  Please get in touch with Denis or Katherine to discuss. 

Denis Spearman, Head of Compliance and FCC Practice
Tel: +44 (0) 20 7371 8332 | Email: dspearman@danosassociates.com

Katherine Lord, Partner & Head of Danos Consulting 
Tel: + 44 (0) 207 010 1153 | Email: klord@danosconsulting.com

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02 Jun

In this month’s podcast / video in our “Pathway To Success” series, Dominic Danos (CEO, Danos Group) interviews Daniel Tannebaum, Partner – Americas Anti-Financial Crime Practice Leader & Global Head of Sanctions, at OliverWyman.

Daniel is a highly experienced financial crime professional, with nearly 20 years in the industry. He is a highly sought-after speaker on financial crimes issues and is often quoted in print publications, and is a regular guest on business television and radio. Previously, he was a Partner in PwC’s Financial Crimes Unit, specializing in AML and Sanctions compliance, and the Leader of the Global Sanctions Practice.

Daniel is a Partner in Oliver Wyman’s Risk and Public Policy Practice, where he leads the Anti-Financial Crime Practice for the Americas and serves as the firm’s Global Lead of Sanctions. Daniel provides regulatory crisis management support to global financial institutions including banks, broker dealers and money services businesses. He also provides strategic AML and Sanctions Compliance Program support during both program creation and remediation.

Click Here To View The Interview

During this interview Daniel and Dominic discuss…

– The challenges of transitioning from government and industry into the consulting sector.

– The significant differences working in a “Big Four” environment to a strategic consulting environment.

– When operating globally what are the biggest differences.

And finally, Daniel provides some advice for aspiring regulatory consultants.

Thank you Daniel, for your time, insights and advice.

Look out we will be publishing more interviews soon…

Click Here To View The Interview