Ray Russell FCMA, FCIS, MSI, CertPFS, AcoI is the Principal of GCR Management Services, a consultancy providing assistance to investment businesses. He has 10 years' experience as a Compliance & Business Development Director and has spent more than 20 years in senior positions with prominent British and American investment banks. He has served as a consultant to the Securities and Investment Institute, and on the Investment Management Association's Executive, Regulations, Audit and Training Committees.