The compliance consultancy of fscom has appointed British regulatory stalwart James Borley as a director and its new head of assurance.

Prior to joining fscom, Borley spent more than 20 years at various regulators including the Financial Services Authority, later the Financial Conduct Authority, in a broad range of regulatory jobs. At various times he was responsible for the authorisation, supervision and monitoring of a wide range of regulated firms, individuals, processes and markets.

Recognised as an expert in payment services, e-money and the European Markets in Financial Services Directive or MiFID, Borley has struck up relationships with the European Commission, the various European Supervisory Authorities, HM Treasury and HM Revenue & Customs. Most recently, he was appointed as the FCA’s accountable executive for PSD2.

Borley was attracted to fscom by to the company’s reputation in the UK's FinTech sector, which it hopes to dominate with his help. He will take up his new job in January and will be responsible for overseeing the company’s fast-growing assurance division. He will manage the most important relationships with the firm's clients.