GFIA (Gibraltar Funds & Investments Association) is a non-profit organization. It was formed in 1996 under the original name GASIM (Gibraltar Association of Stockbrokers and Investment Managers) which was renamed in 2009 to include Fund Managers. GFIA’s membership today is comprised of Stockbrokers, Law Firms, Banks, Audit Firms, Investment Managers, Fund Managers & Administrators as well as individuals involved in the financial sector in Gibraltar.
All members of GFIA are licensed by FSC (Financial Services Commission) in Gibraltar and are rigorously compliant with local regulations enforced by regulatory bodies. GFIA works regularly to provide its members with news and information on existing and new legislation affecting the finance sector. GFIA maintains a strong relationship with Gibraltar´s regulatory bodies in order to provide the best and most up to date information. This is achieved through the implementation of think tank sessions and technical sub-committees which meet regularly to discuss current laws and updates within the sector.
Our Committee is annually appointed.
Chairman & TECHNICAL COMMITTEE
James is a partner and Head of Funds at Hassans International Law Firm. He has advised the Government of Gibraltar on its funds legislation and was involved in the drafting of the Experience Investor Funds Regulations and the code of conduct for funds investing in crypto assets. James has been re-elected as GFIA chairman, and has been on the executive holding senior positions for the last 9 years.
Deputy Chairman, TECHNICAL COMMITTEE & LAWYERS COMMITTEE
Jay was called to the Bar in England and Wales and Gibraltar in 2010 and is a member of the Financial Services team at Triay & Triay. He has developed a strong reputation as an expert in the financial services sector and regularly advises prospective funds, investment managers, insurance companies and banks on licensing requirements and regulatory, operational, passporting and distribution matters. He is recognised by Legal 500 as a “Rising Star” in this sector.
He has been elected on numerous occasions by the legal community in Gibraltar to represent them on the executive body of GFIA and has played an integral role in drafting numerous changes to Gibraltar law. Jay is also very active in the FinTech space and advises a fairly large number of crypto / blockchain businesses and has advised on numerous token sales. Jay is also recognised by Legal 500 in this respect.
MArketing & INVESTMENT MANAGERS COMMITTEE
Yan spent 25 years in Investment and Private Banking; trading options, bonds and leading top sales teams. He was worked for Indosuez and Credit Agricole (in Paris and London) and Credit Suisse (Gibraltar). He graduated from La Sorbonne and Columbia Business School. Yan is the current Chief Executive Officer of Hyperion Group which he manages with Raymond Kirsche. He has obtained a Professional Certificate of Competence in Gibraltar Law at the University of Gibraltar. Yan brings a multicultural perspective to the firm and is fluent in French, English, Spanish, Hebrew and Arabic. Pursuing the strong vision of bridging Souls and Lands, he founded the Gibraltar World Music Festival in 2012 and the BrightMed (an international peace reunion in Gibraltar) in 2016.
TREASURER & AUDITORS COMMITTEE
Faith is a Senior Manager at EY. She holds a Bachelor of Science in Accountancy degree and has over 12 years of experience in audit and assurance having qualified as a Certified Public Accountant and trained with EY in the Philippines since 2005. Faith relocated to Gibraltar in 2007 to work with Baker Tilly (Gibraltar) Limited as an Audit Senior and moved across to EY Gibraltar in 2013 where she carried on her role as an Audit Manager.
In Gibraltar, she developed her experience on the statutory and regulatory audits of companies in the financial services sector (primarily funds and asset management firms) reporting under Gibraltar GAAP or the International Financial Reporting Standards. Faith also took the opportunity for a short-term secondment in the Funds division of the FSC in the last quarter of 2014.
Faith currently manages the Wealth and Asset Management and Banking and Capital Markets audit portfolio of EY Gibraltar.
Allan began his career in the City of London where he was a portfolio manager for Citigroup Asset Management, working in their Strategic Asset Allocation and Equity team and managing the assets of institutional portfolios and retail fund structures. On his return to Gibraltar he traded futures on both equity and fixed income markets on a proprietary basis, developing a strong analytical and technical skill set in so doing. Over the course of the last 12 years he has headed up the investment advisory teams of Credit Suisse Gibraltar and J. Safra Sarasin Gibraltar focusing on the delivery of portfolio management services, asset allocation advice and structured products/private equity solutions.
SECRETARY & ADMINISTRATORS COMMITTEe
Heather is a Chartered Certified Accountant and a director of Juno Fund Services Limited. She has over 10 years of financial services experience. She has a Bachelor of Science Honours Degree in International Business and Management and is currently developing the administration practice of funds investing in crypto assets.
Moe is a Chartered Accountant and founder partner of RSM Gibraltar, formerly Benady Cohen & Co, Chartered Accountants. He has over 20 years of professional services experience in audit, tax, financial services, funds, restructuring and insolvency, due diligence and advisory. Moe was previously a partner in Deloitte specialising in insurance companies, hedge funds, banks and a number of large private clients. RSM is the 6th largest international network in the world.
Benjy heads business development at Finsbury Trust, a leading independent provider of corporate, trust and fund services in Gibraltar. Prior to joining Finsbury Trust, Benjy spent a decade working as an investment banker at Credit Suisse and UBS in New York, London and Tel Aviv. During his time in banking, Benjy specialized in originating and executing cross-border mergers & acquisitions and corporate finance transactions, including equity public offerings, loan and bond financings and private placements, across a range of industries with a focus on technology innovation and life sciences. Prior to this Benjy was a Business Consultant at Arthur Andersen’s Business Consulting Division in London where he completed financial and business consultancy engagements specializing in strategic planning, business planning and valuation.
Benjy received his BSc Economics specializing in Accounting & Finance from the London School of Economics and his MBA specializing in Finance from Columbia Business School. Benjy is a licensed professional company director and an authorised Experienced Investment Fund Director in Gibraltar. Benjy serves on the boards of a number of technology and life science innovation companies and investment funds. Benjy has served on the GFIA board since 2012 and is the editor of GFIA’s “Gibraltar Funds & Managers – A guide to setting up in Gibraltar”.
INVESTMENT MANAGERS COMMITTEE
Tim is a Director and Senior Investment Manager at Bank J Safra Sarasin. For the past 19 years he has worked in the Investment Industry for such names as Credit Suisse, Jupiter Asset Management and Barclays. Tim spends his time advising UHNW individuals, corporates and family offices on their investment requirements. He has technical expertise across asset classes and securities as well as within macro-economics, finance theory and portfolio management. He has dedicated himself to professional learning, including most notably becoming a CFA Charterholder in 2016.
Derek is an Associate of the Chartered Institute of Bankers “ACIB”, and supplemented his studies under the Securities Institute focusing on Fund Management and Investment Analysis. During 2018 he completed the Oxford Said Blockchain Strategy Programme.
He was employed by Credit Suisse Private Banking for 23 years gaining wide experience in various areas including Credit, Financial Control, Portfolio Management, Investment Consulting and heading the client support team. In 1997 Credit Suisse created an Institutional team providing services to Funds and Asset Managers and Derek was instrumental in developing this.
He joined Turicum Bank in October 2016, as Senior Relationship Manager with a focus on developing an Institutional Desk. The desk provides services and solutions to Fintech companies, intermediaries and individuals for fund, company, trust structures and private accounts.
Patricia is a Senior Manager in the Assurance department of PwC Gibraltar. She is a fellow of the Association of Chartered and Certified Accountants. She graduated from Loughborough University with a BSc (Hons) degree in Mathematics and Accounting and Financial Management. She has since gained 11 years of audit experience working on numerous different industries in clients ranging from small local companies to large multinational companies. She is currently leading the funds section of the assurance department within PwC Gibraltar.
Jonathan was involved in shaping Gibraltar’s company legislation, which led to a full-scale review and overhaul of the legislation, and advised the Government of Gibraltar on introducing a new business entity previously not in existence. He is currently advising various blockchain start-ups on raising finance through initial coin offerings and on obtaining regulatory authorisations for carrying out their business activities, and part of the Fintech think tank established by the firm, thinkFintech.gi.
Jonathan was recently booked to speak at various blockchain events, including the European Commerce Registers’ Forum 21st annual conference (http://www.ecrforum.org/), at a private event hosted by the Gibraltar Blockchain Exchange (https://www.gsx.gi/article/9445/gibraltar-house-london-exclusive-update-seminar-15th-january) and at Technische Universität Berlin on Token Regulation in the EU (https://www.bundesblock.de/2018/06/03/discussion-of-token-regulation-in-the-eu/). He recently participated in the Blockchain Bundesverband (Association for the Promotion of Blockchain Technology in Germany) working group on Token Regulation.