Auxillias has appointed two legal, governance and compliance specialists to its team, strengthening the firm’s offering for clients.

Simon Brown has been named as director of compliance and training, while Carrie Stephenson has been appointed to the role of director of legal and governance.

Brown will be launching the firm’s compliance offering, working alongside its legal team by supporting the ongoing demand for compliance in the consumer credit and asset/motor finance sector.  The team is seeing ongoing growth in instructions to support clients to help them respond to the ongoing compliance work off the back of the findings of the FCA’s motor finance market study.

Brown will also further develop Auxillias’ training offering so more clients will be able to access training materials via different channels and demonstrate the competence of their staff to the regulator.

Stephenson will be leading Auxillias’ commercial and governance functions. Her aim is to ensure that clients are able to balance both desired commercial outcomes and the need to integrate underlying principles of corporate governance and ESG into broader business strategy.  As a corporate and commercial law specialist, she will also support clients on the key legal areas they navigate on a daily basis.

Jo Davis, chief executive of Auxillias, said: “Since Auxillias was founded, we have offered not only the standard legal advisory support, but have also provided clients with consultancy, regulatory, compliance, advisory and training support, all under one roof.

“Following a successful first 18 months, we are gearing up for the next stage of our journey.  With Carrie and Simon joining us, we will be able to provide an even broader, more in-depth offering to our clients.  We are delighted to welcome them to the team at an exciting time of the business’ development!”

The company went live in May 2020 and has since advised and assisted banks and financial institutions to implement numerous FCA requirements across all three specialist industries. The firm supports the drafting and implementation of policies and procedures to ensure that their clients meet regulatory requirements as well as carrying out regulatory reviews, whether this be their standard annual audit or initiated by the FCA.