Lysis Group can assist firms in the asset management industry ensure compliance with evolving regulatory requirements including mitigation of financial crime risks and maintaining the integrity of their operations.
In the UK and EU we have extensive experience of compliance with all key regulatory requirements including the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive, the Alternative Investment Fund Managers Directive (AIFMD) and MiFID II (the Markets in Financial Instruments Directive II). In the UK we additionally support compliance with the Financial Services and Markets Act 2000 (FSMA) and with the requirements defined in the Financial Conduct Authority (FCA) Handbook, such as AML and CASS. In the United States we are familiar with compliance with regulatory requirements including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934 and the Dodd-Frank Wall Street Reform and ConsumerProtection Act. We are also familiar with the regulatory approach of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
We are experienced in working across the network of firms involved in the industry including Asset Management Firms, Custodian Banks, Fund Administrators and Transfer Agents. For example:
For asset management firms we have:
For custodian banks we have run 2nd Line of Defence and 1st Line of Defence compliance programmes.
For fund administrators and transfer agents we have run on-boarding for complex portfolio take-on programmes, including complex structures involving multiple layers of entities, making it challenging to trace the ultimate beneficial owners and assess the associated risks.
In the above situations we have deal with:
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The client is incorporated in Ireland as an Irish Collective Asset-management Vehicle (ICAV). The client is an American investment fund which specialises in lending large amounts of money to various entities ranging from listed entities to unregulated entities based in the USA.
A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
A large operator of bank infrastructure wanted to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).
A prominent security services firm that forms part of a French multinational investment bank and financial services company asked Lysis to assist with the securities/back-office function within the multinational investment bank.
Jon has 35+ years’ wholesale financial markets experience in London, New York, Singapore and Frankfurt. He specialises in Regulatory Strategy, Governance, Regulatory Change Management and M&A/Integration. Jon founded Lysis in 2001. He was previously Head of the Investment Banking, eBusiness and Trading Floor practices at AIM-listed TCA Consulting. Notable clients include Deutsche Bank, BNP Paribas, RBS/ABN, ICAP, JCB cards and Uphold.
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Wendy has over 18 years of experience in regulatory operations and financial crime compliance. As the Head of Lysis Academy, she manages the Cape Town-based offshore center and has trained over 2000 KYC analysts globally. Wendy developed Lysis' Training Needs Assessment service and CPD program, regularly assessing clients' AML teams. She has expertise in AML regulations for crypto assets and has held various SME and advisory roles in firms like Bear Stearns, Deutsche Bank, and ING. Wendy specializes in AML frameworks, risk rating methodologies, and conducts AML Maturity Assessments and Reviews. She is a respected SME in regulatory operations with practical operational experience.
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Anne-Maria Rothenstein is an internationally experienced, bi-lingual compliance executive and NED with over three decades of experience and a deep expertise in International Capital Markets (FICC) and Financial Markets Regulation and Compliance (FLOD & SLOD). She has had extensive experience of leading, working with/advising and sitting on senior internal/external committees, boards and executive teams driving effective, strategic regulatory and governance change and implementation. Furthermore, she brings a demonstrable track record of strategic, commercial and operational success working internationally (London, New York, Frankfurt & Brussels) with global financial institutions/investment banks, exchanges and clearing houses.
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Lynn brings over 20 years of experience in the financial services industry, having held key roles such as director, company and corporate secretary, head of registrar and transfer agency, and manager of corporate and governance services. She has provided oversight and strategic guidance in AML/Financial Crime, compliance, and governance. Lynn has worked with regulated fiduciary management companies and law firms across the Cayman Islands, British Virgin Islands, Bermuda and Hong Kong, playing a pivotal role in driving operational improvements and conducting Health & Maturity Assessments to enhance governance frameworks and regulatory compliance. In her leadership roles—including Head of Registrar and Transfer Agent Services, Manager of Company/Corporate Services and Corporate and Governance Manager (compliance solutions)—Lynn has led Health & Maturity Assessments for organisations, evaluating their compliance frameworks, risk controls and governance structures to ensure operational resilience and regulatory alignment.
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Lysis works with a number of like-minded niche funds management specialists to supplement and enhance our services to the funds and investment management industry.
