Perttu Korhonen

Head, Financial Analysis and Innovation

Perttu Korhonen, currently leading the Financial Analysis and Innovation department at the QFCRA, has a 20-year background in analysis, analytics, and data strategies, mainly in EU and UK central banks and regulators. He began his career at the Finnish Financial Supervisory Authority, focusing on the Finnish banking sector and later worked in analytical roles with the European Central Bank and the UK Financial Services Authority (FSA). His skills in IT and analytical methods led to significant roles in tool development and data strategy in Finland and the UK.

At the UK FSA, Mr Korhonen played a key role in integrating regulatory data with the Bank of England (BoE). As the Data Strategy Adviser for the BoE’s Financial Stability department, he co-founded the Bank’s Data Lab, enhancing big data and advanced analytics use. His work included analysing the UK property market using innovative data matching and visual analytics.

Following his tenure at Deloitte UK, Mr Korhonen returned to BoE to develop machine learning approaches for data quality assurance in loan-level data collection. In his current role, Mr Korhonen is instrumental in incorporating AI into the QFCRA's supervisory decision-making processes.

Mr Korhonen holds a master’s degree in economics from the University of Helsinki.

Errol Cova

Director, Investment Manager Advisor and Securities Supervision

Mr. Cova has over 25 years of experience in the financial regulatory sector, and is currently the Director of Investment Managers, Advisors, and Securities Supervision. Mr. Cova’s expertise includes financial supervision and regulation of collective investment schemes, investment institutions, fund administrators, trust service providers, securities exchanges, and other securities intermediaries.

Prior to his current position, Mr. Cova occupied a wide variety of positions within the Central Bank of Curaçao and Sint Maarten (formerly the Central Bank of the Netherlands Antilles). Mr. Cova’s responsibilities included assisting with the Mutual Evaluations of the Caribbean Financial Action Task Force (Anti-Money Laundering and Terrorist Financing) and the Peer Reviews of the Global Forum of Transparency and Exchange of Information of the OECD for both Curaçao and Sint Maarten.

Additionally, Mr. Cova led the Expert Supervision division which was responsible for the Central Bank’s expertise centrum in expert areas of Corporate Governance, AML Compliance, Market Conduct and Integrity, Fraud Prevention, and Financial Education and Resilience.

Mr. Cova also chaired the Innovation Platform of the Central Bank, which functioned as the Innovation Hub.

Mr. Cova holds a master’s degree in business administration with specialisation in international business and finance, and a bachelor’s degree in industrial engineering.

Nurein Said Mohamed

Director, Bank and Insurance Supervision

Nurein Said Mohamed joined the QFC Regulatory Authority in June 2008 as Senior Manager in Internal Audit and was promoted to his present role in January 2017.

He began his career with PricewaterhouseCoopers in Kenya from where he attained his Certified Public Accountant (CPA) and Certified Information Systems Auditor (CISA) designations. Mr Mohamed subsequently spent four years at Barclays Bank in Kenya in various roles, the last of which was Regional Head of Risk and Control Assessments for Africa and the Middle East and Acting Head of Operational Risk.

There, he was a key member of the Basel II operational risk workstream for the Advanced Measurement Approach waiver application.

He graduated from ICMA Centre, Henley Business School with MSc International Securities, Investment and Banking. He is also a Fellow, Chartered Institute of Securities & Investments, a Certified Internal Auditor and also holds the CAMS designation.

Prior to the Regulatory Authority, Mr Mohamed was with a start-up Islamic bank as Head of Risk and Compliance.

Stephen Evans

Director, Anti-Money Laundering/Countering Terrorist Financing (AML/CFT) Supervision

Mr Evans has over 34 years’ experience in enforcement, compliance and AML/CFT supervision and is currently the Director of Anti-Money Laundering at the QFC Regulatory Authority. Stephen has had 10 years’ experience with the Regulatory Authority, working in AML/CFT Supervision and with the Office of the CEO, including four years on secondment to the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) working group advancing Qatar’s National Risk Assessment and preparing for the pending Financial Action Task Force (FATF) mutual evaluation. 

Prior to this position, Stephen worked for AUSTRAC, Australia’s Financial Intelligence Unit and AML/CTF regulator as a Director of Supervision.

Stephen has worked for the Australian Securities and Investments Commission (ASIC) as a senior manager in both compliance and enforcement roles.  Earlier, he worked as a prudential supervisor with the New South Wales (NSW) Financial Institutions Commission (FINCOM) and as a Police Officer and Detective with the NSW Police Force for over ten years.

He holds a number of degrees including an Executive MBA, Graduate Certificate in Management, a Bachelor of Policing (Investigations) and an International Diploma in AML/CFT. 

Glen McKay

Head, Authorisation

Glen McKay joined the QFC Regulatory Authority in May 2006 as an Insurance Supervisor, joining from the Bermuda Monetary Authority where he had held roles in Insurance Supervision and Policy. Mr McKay also served as a secretary to their Authorisations Committee as well as assisting the Monetary Authority with various committees of the International Association of Insurance Supervisors (IAIS).

During his time at the QFC Regulatory Authority, Mr McKay had a number of roles before being appointed Head of Authorisation in October 2020. He assisted in drafting the Regulatory Authority’s Insurance Business Rules (PINS), and the Captive Insurance Business Rules (CAPI) and was the lead drafter of the prudential returns used by insurance companies and insurance intermediaries. He also assisted the Authorisation department with the authorisation of a number of insurance entities.

In 2013 he was seconded to the Qatar Central Bank (QCB) for five years, assisting QCB in the development of their insurance regulations and prudential requirements. Before becoming the Head of Authorisation, he was working in the Financial Analysis section of the Supervision and Authorisation department.

Mr McKay is a Canadian Chartered Professional Accountant (CPA-CA) and is also a Certified Islamic Professional Accountant (CIPA). He holds a Bachelor’s degree in Chemistry and a Bachelor’s degree in Psychology from the University of British Columbia.