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Authorisation and Regulatory Services

Mr Richard Collins
Managing Director, Authorisation and Regulatory Services
Mr. Collins is a graduate in Mathematics from the University of Cambridge, England. He qualified as a chartered accountant with one of the leading worldwide firms and subsequently went on to build up over twenty years' experience of working in financial services regulation at a number of blue chip UK, US and European global financial institutions., including being appointed as Group Compliance Director at one of the UK's top banking institutions for four and a half years. Most recently, before taking up his assignment at the Regulatory Authority, Mr. Collins was a partner with a UK based international consultancy firm. He is a Fellow of the Institute of Chartered Accountants in England & Wales, a Fellow of the Society of Advanced Legal Studies and a Tribunal Member of the UK Accountancy Investigation and Disciplinary Board. He is also a Member of the Guild of International Bankers and was admitted to the Freedom of the City of London in 2006. He has spoken widely at international conferences and has written a number of articles on a variety of financial services regulatory issues.

Mr Louis Serret
Director, Authorisation and Regulatory Services
Mr. Serret has had extensive experience in various regulatory roles, most recently in financial services regulation. He has held senior positions at regulatory institutions within Australia including 5 years at the Insurance and Superannuation Commission and subsequently in 1999 with the newly formed prudential regulator, the Australian Prudential Regulation Authority. Mr. Serret held the position of Senior Manager predominately in the supervision branch and then within the Enforcement branch. During this time, Mr. Serret was responsible for the prudential supervision of a variety of entities including credit unions, retail superannuation funds and general insurers. He was also involved in a number of projects primarily aimed at improving the level of prudential management within the superannuation industry. Most recently, Mr. Serret spent 18 months in the enforcement branch of APRA coordinating a multi jurisdictional investigation into the abuse of financial reinsurance by general insurers operating in Australia. Prior to his role at APRA, Mr. Serret has also held the position of Manager at the Insurance and Superannuation Commission. A Fellow of the Certified Practicing Accountants Australia, Mr. Serret holds a Graduate Diploma in Finance from the Financial Services Institute of Australia (FinSIA) as well as a Bachelors degree in Business Accounting from the University of Western Sydney.

Mr Stephen Cemm
Associate Director, Authorisation and Regulatory Services
Mr Cemm joins the QFC Regulatory Authority from the Dubai Financial Services Authority where he held the position of Senior Manager of Authorisation. Prior to this role, he held various positions in fund management and global asset management compliance; and within the Personal Investment Authority, the Financial Services Authority and the Investors Compensation Scheme in the UK. Mr Cemm has 16 years of experience in Financial Services overall, 10 of which have been within compliance and regulation. He is an Associate of the Chartered Institute of Bankers and has a Bachelors Degree in Financial Services from UMIST.

Mr Derek Fischart
Associate Director, Authorisation and Regulatory Services

Mr Fischart has an international background having qualified as a Chartered Accountant from the South African Institute of Chartered Accountants and holds the following degrees; Honours Bachelor of Accounting Science and Bachelor of Commerce. Over the course of his 17 years in the industry, he has held managerial positions within the Regulatory Industry in Australia.

Mr Razaak Busari
Associate Director, Authorisation and Regulatory Services

Mr. Busari joins the Regulatory Authority from one of the leading banks in the UK. Prior to this recent experience, Mr. Busari was a Senior Associate with the Financial Services Authority in London where he focused his efforts on the licensing and supervision of financial institutions. In total, Mr. Busari has had over 9 years of experience with the Supervision as well as Authorisation sectors of the Financial Services Regulation industry. Mr. Busari has a Law degree from the University of North London as well as an Honors degree in English from the University of Ibadan in Nigeria. He is also a member of the Associate Chartered Institute of Bankers and has had 6 years of experience within the UK Civil Service. Mr Busari also holds a Post Graduate Diploma in Islamic Banking and Insurance from the Institute of Islamic Banking and Insurance (IIBI) in the UK, and is an Associate Fellow of the IIBI."

Mr Fraser Brown
Associate Director, Authorisation and Regulatory Services

Fraser Brown joins the QFC Regulatory Authority from the Dubai Financial Services Authority, where he held the position of Manager, Authorisation. Mr. Brown has had 14 years of experience in financial sector compliance and regulation, having worked previously in a supervision role for both the Securities and Futures Authority and the Financial Services Authority in the UK, and as a compliance officer for a London futures and options broker and a GCC government investment authority. Mr. Brown holds a degree in Business Law, as well as UK trading and back office certifications

Mr Phillip Leung
Manager, Authorisation and Regulatory Services

Mr. Leung holds a Bachelors degree in Commerce with a major in Accounting and Finance from the Australian National University in Canberra, Australia. He has previously worked as an Analyst for the Diversified Institutions Division at one of Australia's leading financial regulators; the Australian Prudential Regulation Authority (APRA). An Associate member of the Certified Practicing Accountants (Australia), Mr. Leung is currently working towards his CPA designation.

Miss Lina Cheikha
Manager, Authorisation and Regulatory Services

Miss Cheikha joins the QFC Regulatory Authority with the benefit of an international background having earned a Masters Degree in Business Information Technology from the Middlesex University Regional IT Institute (UK and Egypt), as well as a Bachelors Degree in Business Administration from the American University of Beirut. She has successfully put her education into practice securing positions as Project Manager and Marketing Manager with firms in both Lebanon and Egypt.





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