Re/think boosts its Regulatory & Compliance Capabilities in UAE
13 February 2023, Dubai, U.A.E: Re/think, the multi-service business advisory and outsourcing firm, is pleased to announce that it has boosted its regulatory and compliance capabilities in the UAE with the appointments of Ms. Hena Iqbal and Ms. Nisha Shah as Senior Directors of the Regulatory & Compliance Services, as clients increasingly seek timely, proactive and customised business solutions to help protect their interests and manage compliance obligations in line with the UAE’s continued enhancement of its regulatory framework.
The appointments reflect Re/think’s exponential growth since its establishment in the UAE in 2013, with the Regulatory & Compliance team having tripled in size to four senior directors supported by 20+ team members to help regulated firms, multi- and single-family offices, and other operating businesses set up across the UAE and immediately hit the ground running with operational support. Re/think today ranks as a top 3 firm for authorisations and Compliance Officer and Finance Officer mandates in the UAE financial free zones – the team is currently servicing 100+ structures registered in the Dubai Financial International Centre (DIFC) and Abu Dhabi Global Market (ADGM) (particularly funds, other financial services institutions and regulated entities) on a range of matters, from authorizations, regulatory and compliance to accounting, tax advisory and HR consulting.
Hena Iqbal leads the Re/think team of outsourced compliance officers, bringing over 15 years of expertise in regulatory and compliance, particularly within the fund and investment management sector in the UK and UAE. A UK-qualified lawyer, Hena led Regulatory & Compliance teams at several regulated firms in London, including Aviva Investors and the Bank of New York Mellon. Not only has she showcased outstanding leadership skills at Re/think, but she has also played a crucial role in maintaining top-tier client service standards. Her strategic foresight and meticulous approach have significantly advanced our clients’ compliance needs.
Nisha Shah leads licensing applications in the UAE, particularly in the DIFC and ADGM, with particular expertise in the FinTech sector. A qualified chartered accountant and an MCSI, with previous experience at Deloitte and PwC, she brings over 12 years of experience in regulatory and compliance, AML, governance, risk management, internal audits, and international taxation. Nisha offers clients a unique combination of business acumen and technical proficiency, and her invaluable contributions make her an essential asset to the boards of regulated firms she advises.
Gregory Shippee, Managing Partner of Re/think commented: “The significant growth in Re/think’s Regulatory & Compliance Services mirrors not only the heightened demand for bespoke advisory services tailored to clients’ regulatory needs but also the exceptional caliber of our Regulatory & Compliance team in providing end-to-end services to drive our clients’ success. We congratulate Hena Iqbal and Nisha Shah on their appointments to Senior Directors in the Regulatory & Compliance practice and look forward to even greater success under their leadership.”
Further background information about Nisha and Hena is below.
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Note to editors:
- Re/think is an award-winning business advisory and outsourced services firm providing accounting, regulatory and compliance, tax, audit, HR consultancy and recruitment services to regulated firms, multi- and single-family offices, and other operating businesses. Established in the UAE in 2013, Re/think today has 80 compliance, finance, and tax professionals across three offices in Dubai and Abu Dhabi focused on providing clients with timely, proactive, and customized business solutions from set-up and early development to the latest stages of a business lifecycle.
- Re/think partners and senior directors uniquely combine over 50 years of practical regulatory and compliance experience across the UAE financial free zones with an array of ancillary services capabilities, including a tax team familiar with the specific features and needs of proprietary investment firms, family offices and financial regulated firms.
- For further information about Re/think’s offering, please visit https://rethink-hq.com/. Click here to meet our team.
- For any queries relating to this press release, please contact Sarah D’Souza, Marketing and Communications Specialist, at dsouza@m-hq.com or +971 (0)4 294 9203.
Hena Iqbal
Senior Director – Regulatory and Compliance Services
hena.iqbal@rethink-hq.com
Hena is a Compliance professional from the UK, with more than 15 years of Regulatory & Compliance experience primarily in the fund and investment management space. In London, Hena worked for several FCA regulated firms including CQS, F&C Asset Management, Aviva Investors, Amundi Asset Management and the Bank of New York Mellon.
Heading up Re/think’s outsourced compliance officers’ team, Hena has not only demonstrated exceptional leadership but has also been instrumental in ensuring high quality client service delivery. Her strategic vision and attention to detail have propelled the firm’s compliance efforts to new heights. Moreover, Hena’s passion for excellence and unwavering dedication have inspired those around her, fostering a culture of continuous improvement and achievement.
Hena holds the following qualifications from the UK: LLB Honours Law, Postgraduate Diploma in Legal Practice, CISI Diploma in Investment Compliance, and MSc Financial Regulation & Compliance Management. She is also a is a Member (MCSI) of the Chartered Institute for Securities and Investments, UK.
Nisha Shah
Senior Director – Regulatory and Compliance Services
nisha.shah@rethink-hq.com
Nisha is an experienced financial services professional, with a focus on compliance, AML, governance, risk management, internal audit, and international taxation. In her role at Re/think, she leads licensing applications in the UAE, particularly in the DIFC and ADGM. She specializes in sectors such as Blockchain, FinTech, digital assets, funds & asset management, and private banking & wealth management. She acts as Compliance Officer, Money Laundering Reporting Officer, and Risk Officer of regulated entities established in the DIFC and ADGM. Beyond her primary responsibilities, Nisha actively contributes to business development, internal audit, compliance management, risk assessments, governance practices, and AML and FATCA/CRS advisory.
Her blend of business acumen and technical knowledge of regulatory compliance makes her indispensable to the boards of the regulated firms she serves.
Before joining re/think, Nisha worked with Big4 consulting firms, Deloitte and PwC, in their financial services regulatory and tax practice in Mumbai, India. She qualified as a Chartered Accountant and holds a bachelor’s degree in commerce. She is a Member (MCSI) of the Chartered Institute of Securities and Investments in the UK, an Associate Member (ACA) of the ICAI in India and has completed her CAMS certification from ACAMS in the US.
