The compliance function has always been one of the hardest in the financial service industry for the simple reason that it makes the rules and insists on adherence to these rules. Paul has taken compliance within Sigma to a new level. He has introduced several changes which have revamped the internal monitoring process thereby creating a much more robust structure.

One major project which he has embraced since joining Sigma is to prepare the company for the Retail Distribution Review whose edicts come into force in January 2012. This is not merely a matter of making sure that all of the advisers are appropriately qualified, but also making sure that we are in a position where, as part of our client service proposition, our fees are totally transparent; we have a definite review process; we adhere to a strong investment solution; and we standardise the whole client experience. Paul has been instrumental in developing the corporate policy regarding this, in what has often been an uphill struggle.

His technical knowledge and ability to question plays an important role in his relationship with the advisers. Whilst it is often beneficial to use others as a creative soundboard, it is essential to have input from someone who knows the facts and will take responsibility for their decisions. Paul's level of expertise allows him to flourish in this role which assists in the risk management of the company and ultimately the protection of our clients. Essentially he allows the adviser to give the most suitable advice to their clients in the knowledge that they are fully compliant with the industry rules and regulations.