PKF Littlejohn appoints forensic and compliance expert

PKF Littlejohn appoints forensic and compliance expert
 
Dina Devalia has joined PKF Littlejohn as a director in its Financial Services team.
 
Dina qualified as a chartered accountant with a big four firm and is a licenced insolvency practitioner. She has 16 years of experience working in the financial services industry, including 10 years at the Financial Conduct Authority (FCA). 
 
Within the financial services sector, Dina specialises in:
  • forensic investigations, regulatory enforcement and insolvency related actions;
  • advising credit unions facing challenging regulatory changes and trading conditions; and
  • advising on compliance with the Bank Recovery Resolution Directive
Dina has advised on a number of high profile insolvency cases within the financial services industry over the years and her portfolio of cases covers structured products, retail businesses, client assets and deposit taking firms.  She also has extensive knowledge of the financial services regulatory framework, including the FCA Handbook.
 
Dina has advised a number of credit unions on the discharge of their regulatory obligations under the Financial Services and Markets Act (FSMA) and the Credit Unions Sourcebook.  In addition Dina has also advised credit unions facing distress, liaising closely with all key stakeholders (including the FCA/PRA and FSCS) on regulatory issues, including the impact on consumer compensation. 
 
Dina has an in depth understanding of the regulatory objectives, priorities and powers available to the regulator in deciding the most appropriate course of action for failing firms (including client assets, bank insolvency, single customer view file preparation, consumer credit firms, firms mis-selling products, structured product firms, debt management firms, and unauthorised businesses breaching s19 FSMA).  More recently, with the Bank Recovery and Resolution Directive coming into force, Dina has an appreciation of the qualitative and quantitative recovery plan indicators as set out by the European Banking Authority (EBA) together with an overview of the special resolution regime (including the Recovery Resolution directive, the Banking Act 2009 and secondary legislation, the FCA/PRA rules and the Code of Practice).
 
Stephen Goderski, head of advisory services, said: “Dina’s specialist expertise in the financial services industry enables us to further strengthen the services that we provide to clients in this rapidly-changing sector.  As the regulatory environment facing financial services businesses gets ever more complicated, bringing in an acknowledged industry leader in forensic investigations, credit unions regulation and the Bank Recovery Resolution Directive makes a lot of sense.  
 
“PKF Littlejohn is known for its financial services expertise and we are investing in in this and other important sectors to continue to grow our offer to clients both domestically and internationally.”
 
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For further information, please contact Andy Konieczko on +44 (0)20 7516 2209 or akonieczko@pkf-littlejohn.com
 
About PKF Littlejohn LLP:
 
Based in Canary Wharf with 200 staff and 36 partners, PKF Littlejohn is the London member of PKF UK, the national accounting network organisation for the seven PKF member firms in the UK and Ireland firm with over 1,900 partners and staff in 28 offices and a turnover of £128m.  PKF Littlejohn is ranked among the top six accountancy firm advisers to the UK insurance sector and the UK’s top 15 auditors for the London Stock Exchange AIM market.  The firm is one of the largest auditors of European Commission grant funding including its research projects around the world, humanitarian aid and financing for EU Accession countries.
 
About PKF International:
 
PKF International (PKFI) is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment.
 
With offices in over 300 locations, PKFI operates in more than 150 countries across our five regions. The network specialises in providing high quality audit, accounting, tax and business advisory solutions.
 
The network is a member of the Forum of Firms – an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide.