Nigel Pasea - Managing Director, Regional Head MENA at Waystone in United Arab Emirates

      Nigel Pasea

      Managing Director, Regional Head MENA

      United Arab Emirates

      Nigel is Managing Director of the Middle East operation of Waystone Compliance Solutions. Nigel joined Waystone in 2010 from UBS where, since 2006, he held the position of Chief Operating Officer of the MENA region. In this role, Nigel was responsible for setting up operations in Dubai, Saudi Arabia and Qatar and for the development of the firm’s compliance and risk control infrastructure and the implementation of its business strategy.

      Prior to moving to Dubai, Nigel was the Head of Compliance for UBS Investment Bank in Switzerland and Deputy Head of Compliance for the EMEA region. Previously, Nigel was the European Head of Compliance at Bear Stearns International and the Global Head of Compliance and COO of General Re Financial Products. Nigel’s career has involved compliance responsibilities in multiple jurisdictions, including the UK, Switzerland, US, Hong Kong, Japan and across the GCC.

      In addition, Nigel worked for six years at the UK regulator, the Securities and Investments Board (now the Financial Conduct Authority) initially as Head of the regulator’s Authorisation and Compliance Department and subsequently as a senior member of the regulator’s Enforcement Department. Nigel started his career at Deloitte & Touche where he qualified as a Chartered Accountant.

      Nigel graduated from the London School of Economics in 1979, was awarded an MBA with Distinction from the London Business School in 1993 and is a Fellow of the Institute of Chartered Accountants in England and Wales (1982).

      Recent work includes:

      • Acting as the outsourced compliance officer and MLRO for the DIFC operations of a number of blue-chip firms including a major European bank, a respected US corporate finance firm and a prestigious UK private bank
      • Working on behalf of FX clients and with the regulator to develop a regulatory regime for FX retail business out of the DIFC
      • Assisting firms in implementing robust remediation programmes required by the regulator following enforcement action.
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