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Danos Group is a leading provider of permanent and interim Compliance, Risk and Legal recruitment services in the Financial Services arena across EMEA, the Americas, and APAC.

We pride ourselves on being able to match talent not just to the requirements of the role, but also to the style of the organisation.

Danos Associates is a leading contingency and search firm specialising in mid to senior level permanent hires across the Financial Services sector.  We deliver a personalised, discreet recruitment and selection service to an elite client base across a global market.

The digital age brings huge opportunities to the Risk function. With broad coverage across the disciplines of Risk management, we work with…

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Danos Consulting provides experienced Legal, Risk and Regulatory interim and consultancy professionals to the Financial Services sector including consultancies. With an unparalleled talent network, we provide experienced, first class practitioners cost effectively.

As one of the leading Legal, Risk and Compliance recruitment agencies we deliver top quality professionals to financial services firms. We provide…

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Americas
EMEA
Asia Pacific - Singapore
Asia Pacific - Hong Kong

Offices

Danos Associates is the leading global supplier of compliance professionals with offices in the Americas, Europe and Asia Pacific.

EMEA
London

AMERICAS
New York

ASIA
Hong Kong
Singapore

09 Sep

Last month the Securities and Futures Commission (SFC) published their latest Asset and Wealth Management Activities Survey. This report presented strong growth in Hong Kong’s asset and wealth management business in 2019, it found that the Assets Under Management (AUM) of the asset and wealth management business in Hong Kong increased by 20% year-on-year, to $28,769 billion (US $3,694 billion) as at 31st December 2019.

Other positive results included:

  • 22% year-on-year value growth in asset management and fund advisory businesses.
  • 19% year-on-year value growth in private banking and private wealth management business.
  • 11% year-on-year value growth in assets held under trusts.

It was also reported that this growth has had a positive impact on the total number of staff in the asset and management business, as at 31st December 2019 it was 45,1327, with an increasing proportion directly engaged in asset management and other support functions, thus representing a 2% overall increase in personnel.

Despite the uncertain and challenging global market situation due to the COVID-19 outbreak and increasing geopolitical tensions between the US and China, Hong Kong’s financial market has remained buoyant so far in 2020.

“The performance of Hong Kong’s financial markets in the first half of 2020 showed that they remain resilient.” – Mr Ashley Alder, the SFC’s Chief Executive Officer.

The SFC has committed to initiatives to facilitate the development of Hong Kong as a competitive full-service asset and wealth management centre and preferred fund home. The success of this is likely to lead to an increase in demand for skilled Compliance and Risk talent.

The last couple of years have seen the introduction of the SFC’s Manager in Charge regime and the Fund Manager’s Code of Conduct, which have driven the need to upskill Compliance and Risk Management talent. As firms build regional trading desks and increasing look to the China market for expansion the need for experienced senior level Corporate Governance professionals in Hong Kong only increases.

It is without doubt that the recruitment market in Hong Kong has suffered a tough 12 months, however, there are encouraging signs that AUM in the region will continue to grow, and the need for Compliance and Risk Management talent by both international and local financial institutions remains key, overall it looks like the future is very positive and recruitment opportunities will increase.

As a leading supplier of Compliance and Risk Management talent to the Hong Kong and global Financial Services market, we are extremely well-placed to find you the best candidates.

Please contact me to discuss any current or upcoming hiring, or to ask any questions about the current market.

31 Jul

Do you have the resources to review and upgrade your AML systems and controls?

With increased reporting of criminal investigations and case outcomes related to planned or reported laundering operations, the Private Equity sector is under the regulatory spotlight.  

It was recently reported by the US Federal Bureau of Investigation (FBI) that firms in the Private Investment Funds industry are being used for laundering money at scale, according to a leaked intelligence bulletin prepared by the agency back in May. This leaked document reported cases from within the US, the Cayman Islands, Luxembourg, Mexico, Russia, and the UK.  

The UK Financial Conduct Authority’s (FCA) recent announcements indicate that Private Equity firms will see increased regulatory scrutiny. 

In relation to money laundering Private Equity firms with links to the UK face two key risks, these are within Fundraising and Transactional activities, these risks may give rise to criminal and or regulatory issues.  

In response Private Equity (and similar) firms will need to review and enhance their Anti-Money Laundering (AML) systems and controls. This may require increased hiring of permanent and interim resources to support this activity. 

As a leading supplier of compliance personnel to the financial services industry globally, we are extremely well-placed to find you the best permanent and interim candidates. 

If you would like to discuss you hiring needs, or a recent track record of our work conducted, please contact:

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

Katherine Lord (interim)
Tel: +44 (0) 207 010 1153
Email: klord@danosconsulting.com

24 Jun

As an organisation we are committed to Diversity and Inclusion (D&I). However, recent events have made us reflect on whether we are doing enough. Our existing approach to D&I has been largely focused on our global team, internal policies, and our external search practices.

We believe that equality is about creating a fairer society, where everyone can participate and has the opportunity to fulfil their potential. Diversity is about valuing the differences between people and the ways in which those differences can contribute to a richer, more creative, and productive working environment. Inclusion is about ensuring that nobody within the team is excluded, and great communication.

It is important that all our employees and those we place on behalf of our clients are treated equally and fairly, and without discrimination in terms of recruitment, remuneration, training and development, appraisal and promotion opportunities, regardless of race, gender, sexual orientation, religion, belief, age, marital status or disability.

We recruit for the financial services industry, a sector that has been focused on D&I for some time, when compared to other industries.  It is a requirement voiced by the vast majority of our clients during search briefings that we push the D&I agenda while executing searches on their behalf. Whilst this has been a focal point for some time, we realise we have the power as a recruitment company to actively influence the inflow of under-represented groups into the sector we service, thereby helping to advance the D&I agenda.  

The governance of the sector has a sharpened focus on D&I in its supervision of financial services firms. For example, the UK’s Financial Conduct Authority (FCA) makes a clear, intrinsic link between a lack of inclusive culture and non-financial misconduct. Changes in general workplace legislation is having a profound impact on firms; for example, the Supreme Court Of The United States (SCOTUS) recently ruled that the Civil Rights Act protects gay and transgender people from the workplace discrimination, a positive move towards equality – Read more at https://www.nytimes.com/2020/06/15/us/gay-transgender-workers-supreme-court.html.

The FCA has D&I high on their agenda, they have published their sixth Annual Diversity Report, that fulfils part of their Public Sector Equality Duty under the Equality Act 2010 and related secondary legislation – Read more at https://edit.fca.org.uk/publication/corporate/annual-report-2018-19-diversity.pdf. This report outlines the strategy and approach, as well as key activities and successes, that have impacted the UK financial services sector.

We must address the social injustice in our communities and cannot remain silent – silence is simply unacceptable. We are committed to stand against the legacy of systemic bias, racism, and discrimination.

In addition to our current practices and approach, we have set up an internal Diversity and Inclusion committee, this group will review our practices and policies, and identify what actions we can take as a business and individuals to further support.

We are in a position where we can actively support our clients’ D&I strategies, and assist those clients that are culturally transitioning, by advising and working with them on their D&I hiring strategies. It is important that we address the under-representation of minority groups and to ensure a career in the financial services industry is appealing to the next generation of professionals.

We can actively promote to our clients the importance and commercial benefits of a working culture that is diverse and inclusive, not only in terms of the bottom line but also in terms of employee satisfaction, and hence the attractiveness of a company to potential employees.

It is important that we continue to support all our staff, that we provide our clients with diverse candidates and that we strengthen our voice and use it to inform and influence others. We are actively taking a step forward towards true equality. 

#blacklivesmatter #pride #lgbtq #allnotsome #inclusion #equality #diversity #disabilityawareness #diversitymatters #mentalhealth #unity #humanrights

The Danos Team