BDO Guernsey has acquired local regulatory compliance specialist Cerberus.
As part of the move, Cerberus becomes BDO Cerberus Regulatory Consulting, which will champion the accountancy and business advisory firm's regulatory consulting services in Guernsey.
Cerberus, formed in August 2019, specialises in governance, risk and compliance services. Founder Paul Robinson (pictured right) and Senior Consultant Amanda de Carteret have become permanent employees of BDO.
Paul, now a Business Advisory Director with BDO, will continue to act as Managing Director of the BDO Cerberus Regulatory Consulting board alongside BDO MD Richard Searle and Executive Director Stuart Phillips, who are also joining the board.
Richard Searle commented: “Having worked with Paul during 2019, we recognised the alignment between the culture and values of our businesses and growth plans.
"At the time, BDO had been exploring various routes to developing our regulatory consulting practice, so it made sense to unite the two at an early stage. Through BDO Cerberus Regulatory Consulting, BDO will widen our Guernsey compliance assurance services to businesses across the finance sector.”
Before establishing Cerberus, Paul worked for the Guernsey Financial Services Commission, where he helped launch the Financial Crime Division and developed the Commission’s Handbooks on Countering Financial Crime and Terrorist Financing.
Amanda (pictured left) joined Cerberus in December 2019, having spent more than a decade at the GFSC, overseeing the regulated activities of investment licensees and collective investment schemes.
She also played a role in the establishment of Guernsey’s AIFMD opt-in regime and the regulatory considerations of a hybrid ILS fund product.