Recognising the demands of an increasingly regulated world, as well as the global nature of many families’ business interests, the new service helps clients navigate the complexities of regulation and compliance, the firm said in a statement.

The new advisors – Michael Bulloch, John Dodds and Paul Martin – have experience of compliance, governance and reporting for international private banks. They will work with families, family offices and their network of professional advisors to analyse current and emerging reporting, oversight and management risks.

Their remit includes considering anti-money laundering measures and financial crime risks, compliance functions and resourcing, board and committee structures and reporting and risk mitigation measures.

The advisors will look at their clients’ current structures and processes, advising on the most effective enhancements, and work with family businesses and their boards to implement change where needed.

Alistair Morgan, MDR Mayfair Group CEO, said: "Our client families and their family offices are aware of the growing implications of fast-moving regulatory changes. Increasingly working across multiple jurisdictions, they want to know that their risk management and governance processes are robust.” 

MDR Mayfair brings together a range of fiduciaries, lawyers, accountants and psychologists to manage the affairs of their clients. Initially based in London, MDR Mayfair now has offices in Dubai and Singapore.
 
MDR Mayfair is part of the Mishcon de Reya Group, which has over 80 years’ experience of building relationships with an international community of private clients. It created MDR Mayfair to strengthen and develop its foundation.