Financial Services Practitioner

David Blackshaw is specialised in providing consulting and interim management services to the asset management industry. He has more than 35 years’ operational and financial experience in the UK and Europe, holding national and regional positions for Citigroup at offices in Brussels, Madrid, Dublin and Barcelona, as well as consulting to asset managers in Luxembourg, Ireland and the UK including M&G, Aviva, BlueBay and RBS.

He has a deep understanding of governance, compliance, distribution, and risk challenges for investment funds (UCITS and AIFs) and fund management companies in Luxembourg, Ireland and the UK covering best practice and regulatory requirements. His fund experience includes the oversight, launch, merger, onboarding and closure of funds and sub-funds in multiple jurisdictions; strategic analysis, feasibility studies and overall project responsibility for AIFM/UCITS management company restructuring/mergers; regulatory remediation; implementation of new regulations; cross border fund mergers; regulatory licence applications; ancillary MiFID permissions; enterprise risk management (ERM); service provide advising on global fund distribution strategy and governance; establishment of AML/CFT frameworks; and acting as interim manager for a management company governance and oversight team.

He has held senior national and regional roles at Citigroup including EMEA Head of Market Risk Management, COO for European Regional Treasury, CFO for all the group businesses in Ireland & UK Offshore, Senior Country Operations Officer in Ireland, Head of Finance in Spain, and VP for US/Europe Accounting Policy, Advisory and Control in Brussels. As well as serving on Citigroup subsidiary boards, he also served on the board of the Irish RTGS clearing company (IRIS) and was Chairman of the Operations Committee of the Federation of International Banks in Ireland.

David launched his career in the financial service practice of Arthur Young in London moving to Brussels as Manager with Ernst & Young. He subsequently joined Moret Ernst & Young in Amsterdam as a Senior Manager, coordinating large multinational and multidisciplinary assignments.