Managing Director

Restructuring & Insolvency

London

Dina is a Managing Director in our Restructuring & Insolvency team specialising in advising regulated financial services entities. Based in London, Dina has extensive expertise in managing complex investigations within the financial services industry.

Specialist expertise

Dina is a qualified chartered accountant and a licensed Insolvency Practitioner (IP) and has over 20 years’ experience advising on forensic and accounting investigations, regulatory enforcement and insolvency related matters.

As an IP, she fully understands the regulatory requirements of all key stakeholders in addition to the insolvency issues and is able to provide the management, board and members with the assurance that they require on their regulatory obligations. 

Having spent ten years working for the Financial Conduct Authority (then the Financial Services Authority), her knowledge of the financial services regulatory framework, including the FCA handbook, is second to none.  During this time, she led successful forensic investigations into market abuse, fund management, custody, systems and controls, financial crime, money laundering and client asset cases.

Since 2012, Dina has specialised in advising credit unions facing challenging trading conditions, insolvency and regulatory issues.

About Dina

During her career, Dina has worked at both Big Four and mid-tier firms.  
Outside of work, Dina spends time in her garden, crochets and enjoys yoga. 

Memberships

Institute of Chartered Accountants in England and Wales - Member (ICAEW)

Association of Business Recovery Professionals, R3 - Member (MABRP)

Chartered Institute for Securities & Investment (CISI)

Qualifications

SFA registered representation exams 

Investment Management Certificate

Joint Insolvency Examination Board (JIEB)

Association of Chartered Accountants (ACA)

Related services

Related insights and events

Article

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05 March 2024
FCA reminds Financial Services firms of the importance of preparing a wind-down plan
Author: Paula Fagan, Marketing Manager

As part of its latest key updates, the Financial Conduct Authority (FCA) has published guidance for Financial Services (FS) firms on preparing a wind-down plan. The purpose of a wind-down plan is to enable a FS firm to cease its regulated activities and exit the market in an orderly manner, if its business is no longer viable. The FCA states that it: ‘expects firms to consider the scenarios leading to financial stress, explore recovery options and, as a last resort, wind-down their business’.

Article

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12 February 2024
Dangers of complacency: Are your Client Asset Sourcebook (CASS) controls really as watertight as they should be?
How financial services firms can gain confidence in CASS compliance.

If your business goes down, failure to segregate clients’ assets could leave clients/consumers seriously out of pocket. But poor systems, oversight and control, combined with a lack of proper documentation, mean that many financial services (FS) firms are falling short of their CASS obligations and leaving their senior management team at risk of severe regulatory sanctions.

Dina Devalia looks at why CASS should be front and centre of the boardroom agenda and how to gain real confidence that your client money safeguards are fit for purpose.

Article

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06 December 2023
Prepared for the worst: How to turn wind-down planning into a source of strength
Savvy planning tips for financial services firms.

The Financial Conduct Authority (FCA) is turning up the spotlight on what it sees as “widespread weakness in wind-down planning”. If your wind down planning (WDP) fails to meet the FCA’s expectations, your firm could face an increase in regulatory scrutiny on capital and operational controls. But as Dina Devalia explains, effective wind-down planning isn’t just a compliance exercise. It’s also a good way to test the viability of your operations. So how can you get your wind-down planning up to the mark?