Strategi Group Appoints Derek Chen as Head of AML CFT

Highlights:

• Strategic Appointment and Merger: Derek Chen joins Strategi Group as head of AML/CFT, following the merger of his business, APlus Compliance, into Strategi Compliance.
• Expertise and Leadership: Chen brings extensive experience in compliance, finance, and law, enhancing Strategi Group’s capabilities in the financial services sector.
• Entrepreneurial Background: Chen's prior ventures, APlus Compliance and Lifelong Wealth, have established him as a recognized expert in financial services compliance and personal finance.

Strategic Merger Enhances Compliance Services

Strategi Group has announced the full-time appointment of Derek Chen as the head of its Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) division. This follows the merger of Chen's business, APlus Compliance, into Strategi Compliance, significantly bolstering the company's client support capabilities. Through this merger, Chen also becomes a shareholder and director of both Strategi and Strategi Compliance.

Chen's Extensive Experience

Chen brings extensive experience in compliance, finance, and law to Strategi. He will lead the AML/CFT division and contribute to various compliance consulting projects, reflecting Strategi Group’s commitment to enhancing its expertise and leadership in the financial services sector.

Background and Expertise

Chen’s career in financial services compliance began in 2015 as a compliance officer at Strategi. Over the years, he has developed comprehensive knowledge of finance sector regulations, customised compliance programmes, delivered compliance reports, and liaised with regulatory bodies like the DIA and FMA. His proficiency in AML/CFT frameworks, systematic reviews, and conducting over 200 AML/CFT audits has made him a recognised expert in the field.

Entrepreneurial Ventures

In 2019, Chen founded APlus Compliance, a consulting firm specialising in financial services compliance. As managing director, he provided AML/CFT consulting and training, conducted financial service licence applications, and offered business advisory services. APlus Compliance quickly became a trusted name in the industry.

In 2022, Chen founded Lifelong Wealth, serving as the principal financial adviser and offering advice on KiwiSaver and investment products. This role further showcased his expertise in personal finance and investment strategies.

Future Impact

Chen’s appointment and the strategic merger with APlus Compliance are expected to significantly enhance Strategi Group’s compliance services, strengthening its position in the financial services sector.

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