London, 25 January 2023: Novatus Advisory (Novatus), the risk, regulation, and ESG consultancy and technology solution provider, today announced the appointment of two strategic senior hires, bolstering its leadership team to accelerate growth and maintain its existing practice of delivering excellent service. The hires bring a combined 45 years of experience from across the financial services sector to the newly created roles and allow the firm to enter into the next phase of its business.
Will Basnett joins as Head of Advisory and will lead the consultancy practice. He has over 15 years of experience delivering transformational change for clients across the Financial Services industry and has led several of the highest-profile programs across the Asset & Wealth Management domain. Will has spent his career building high-performing consulting teams, most recently at Alpha Financial Markets Consulting and previously Elixirr, IBM, and KPMG. Will’s focus is to build out the existing advisory practice, scaling the service offering in line with industry change and client demand.
Richard Street joins as Chief Revenue Officer for Novatus Advisory’s RegTech division. With over 30 years of experience in financial services at Citi and RBC Investor & Treasury Service, he brings significant experience of setting strategy, delivering business growth and leading Client Sales teams. He has been at the forefront of technological advancement throughout his career, identifying and delivering technology solutions across the sector. Richard is tasked with growing Novatus Advisory’s RegTech business, driving the Transaction Reporting Analysis (“TRA”) Tool – the only platform to facilitate complete regulatory compliance for Transaction Reporting – into the industry.
The appointments follow investment from Maven Capital, announced in July 2022, to accelerate the already rapid growth of the firm and its RegTech platforms. In the past twelve months, Novatus has doubled its headcount and plans to repeat this in the next year as it adds delivery capacity and expertise to the team.
Andrew Hedley, Partner and co-founder of Novatus says:
“We are thrilled to add Will and Richard to the team. Both bring unique strengths and wealth of experience to the business to support our expanding team and allow Novatus to continue delivering the best results for our clients. It is incredibly exciting to see the trajectory for Novatus, across both the advisory and RegTech divisions of our business.”
Matthew Ranson, Partner, and co-founder of Novatus comments:
“The past year has seen Novatus go from strength to strength, and I am delighted to see our business evolve. Our partnership with Maven and the influx of skills to the team will enable the continued growth and evolution of the company. Our ambition is to be the market-leading advisory and RegTech firm.”
Will Basnett, Head of Advisory and Richard Street, Chief Revenue Officer (RegTech)