TaxTec, the world’s leading fully digital tax reclamation service, is thrilled to announce the appointment of Andrew Douglas as Chair of their newly formed Strategic Advisory Group. This group is comprised of senior leaders from various areas of institutional financial services.
Douglas brings with him 35 years of experience in the City, specifically in the post-trade space. He currently serves as Chair of the UK Accelerated Settlement taskforce, leading the planning of the UK’s migration to T+1. Previously, he spent 13 years at the DTCC as head of Regulatory Affairs outside the US and CEO of their largest Derivatives Trade Repository, DDRL. Until earlier this year, he also served as Chair of the Data Standards Committee for the Bank of England’s ‘Transforming Data Collection’ initiative.
With his extensive knowledge of settlement and post-trade, as well as a deep understanding of the current regulatory landscape, Douglas’s appointment as Chair of TaxTec’s Strategic Advisory Group is a significant achievement for the company. This comes as they continue to expand their innovative AI-enabled tax recovery platform and grow their franchise.
“We are thrilled to welcome Andrew Douglas as Chair of our Strategic Advisory Group,” said Stephen Everard, Founder and CEO of TaxTec. “His unparalleled expertise and forward-thinking vision align perfectly with our mission to redefine tax reclamation through cutting-edge digital technology. Andrew will play a crucial role in guiding our company through the evolving post-trade landscape and driving our next phase of growth.”
“I am delighted to join TaxTec at such a pivotal time,” said Douglas. “I look forward to working with my colleagues on the Strategic Advisory Group to leverage our collective experience in support of TaxTec’s senior management as they revolutionize tax recovery for institutional investors.”
As Chair of the Strategic Advisory Group, Douglas will collaborate with TaxTec’s leadership team to provide high-level counsel on product development, regulatory strategy, and foster partnerships with key industry stakeholders.
Founded in 2023, TaxTec is poised to transform tax recovery for institutional investors and their agents. Utilizing the latest AI-enabled digital technology, their highly automated global tax recovery proposition and client-centric service model maximize reclaim opportunities for clients in major markets. This ultimately leads to increased tax recovery at a lower cost, enhancing investment returns.
For more information about TaxTec, please contact:
Philip Rothfield
+44 (0) 207 101 0731
Email: philip.rothfield@taxtec.co.uk
Website: www.taxtec.co.uk
LinkedIn: www.linkedin.com/company/taxtec-group
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