Vistra, a global corporate service, trust and fund administration provider, has made three senior appointments to its global compliance team – Stephen Costello as Regional Compliance Director, Americas & Caribbean, Salima Fajal as Regional Compliance Director, Europe, and Nico Van Bockstal as Regional Compliance Director, India, Middle East and Africa – effective immediately.
Reporting to Vistra’s Chief Compliance Officer Tanya Scott-Tomlin, they will be responsible for the strategic direction and implementation of Vistra’s internal compliance strategy in the respective regions. In addition, Nico Van Bockstal also heads Vistra Middle East’s Governance, Risk, Compliance and Finance consultancy team which supports Middle East clients in obtaining regulatory licence as well as providing a number of compliance services such as advice and assistance with anti-money laundering requirements, KYC (Know Your Customers) procedures, compliance officer and data protection officers services.
Scott-Tomlin says: “Vistra has been strengthening its compliance team as a strategic priority. The addition of the three regional compliance directors, together with their proven track record in compliance and strong legal and finance experience, would ensure that we continue to adhere to the highest international compliance and regulatory standards.”
“The increase in regulatory requirements across all sectors in recent years also means that it is even more critical for international businesses to stay compliant. With an experienced team that understands the international legislative environments, Vistra is well positioned to ensure it remains compliant and also provide clients with a wide range of external compliance support.”
Costello has over 20 years of experience in the financial services industry having worked with JPMorgan Chase, HSBC, Brown Brothers Harriman, and US Trust Co. He has broad expertise in client relationship management, investor relations, regulatory compliance, hedge fund administration, alternative investments, risk management, custodial services, and middle office operations. Most recently he was Compliance Officer and Director of Investor Services for Vistra in the US. He received an undergraduate degree from Saint Francis University and an MBA from Adelphi University.
Fajal joins Vistra with 15 years of international experience in legal and compliance, business development and client services with a focus on alternative investments and fund administration. Prior to joining Vistra, she has worked for Natixis, Ipes (now Apex Group) and Campbell Lutyens where she led many complex regulatory projects. She is a qualified French lawyer having previously practised in both Paris and London.
Fajal is a Fellow of the Chartered Institute for Securities & Investments, and a member of the Franco British Lawyer Society and Institute of Directors. She holds a Master’s in Business Law from Paris Dauphine University and graduated from Paris Bar School.
Van Bockstal has over 20 years of leadership experience in compliance with financial institutions and corporate service providers. He joined Vistra following Vistra’s acquisition of Total Solutions Middle East (TSME) in 2017. During his 10 years at TSME, he contributed to the development and expansion of its compliance consultancy business. Prior to moving to Dubai, Nico was head of compliance for Société Générale Private Banking Belgium and Bank J Van Breda & Co, both based in Belgium.
Van Bockstal holds a Master of Law degree issued by KU Leuven Belgium. He also holds a European Master in Labour Sciences (UCL Belgium – University Toulouse1 France) and a Law Teaching Degree (KUL Belgium).
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