James Barrett is a Senior Consultant with over 22 years of experience from working primarily in the Exchange and Brokerage industries.
James is based in Dubai and has worked in the UAE for 11 years for firms regulated by the DFSA. Prior to joining Effecta Compliance, he was the in-house Compliance Officer and MLRO for a DIFC based Contracts for Difference (“CFD”) Arranger/Broker. In this role, James maintained the compliance framework for the DIFC entity and worked alongside international colleagues to manage the compliance frameworks across the wider Group, mostly recently to assist with a UK variation of permission (VOP) application and to manage oversight of a full Compliance audit of the Cayman Islands, CYSEC regulated, entity.
James previously held the position of Compliance Manager and Risk Officer for a leading regional asset management company based in the DIFC, specialising in managing real estate investment trusts (“REITs”). He was responsible for establishing compliance systems, controls, policies and procedures, a risk-based compliance monitoring programme and for advising senior management on the Firm’s regulated business activities. In his role as Risk Officer, James was responsible for oversight and maintenance of the Firm’s Risk Register and Risk Mitigation Programme.
Between 2011 and 2016 James was a Senior Manager in the Market Regulations & Issuer Compliance department at Nasdaq Dubai Limited, a DIFC based Exchange and DFSA regulated Authorised Market Institution (“AMI”). Focusing on in issuer compliance, AMI compliance and member broker compliance James developed specialist knowledge in Market Regulation and stock exchange Listing and Business Rules.
James is originally from the Channel Island of Guernsey where he has held several financial services positions in regulated firms such as Credit Suisse, SG Hambros and the Channel Island Securities Exchange (now The International Stock Exchange).