Plenitude, the Financial Crime, Risk and Compliance specialists, has expanded its management team by appointing Mike Coates as its Asia practice Lead and Senior Executive.
Mike brings extensive experience in delivering large scale, complex and business critical programmes at global banks, with specific expertise in Financial Crime Compliance (FCC) transformation. In the new role, he will be responsible for delivering Plenitude’s ambitious growth plans across Asia. This will include developing and executing the business strategy to meet the new challenges posed by the evolving financial crime landscape.
Mike’s appointment comes at a pivotal time for Plenitude, which recently announced a strategic investment from Growth Capital Partners (GCP) to accelerate global expansion. Establishing a significant presence in Asia has been ringfenced as a key priority for the company.
Having worked in the banking industry for 20 years, Mike has extensive knowledge of FCC transformation and consulting experience covering banking, funds, securities and investment services; and broking as well as having a stint as the MLRO for a major HK based digital asset company. He has previously held senior roles at Standard Chartered Bank and HSBC Commercial Banking leading multi-disciplined and geographically dispersed teams.
Mike also plays a key role in the crypto industry group (GDF) and has driven several initiatives for them both globally and within HK. He is also a key contributor to the Mekong club which is focused on anti-human trafficking and modern day slavery.
Commenting on his appointment, Mike Coates said: “Plenitude has developed a well-deserved reputation for serving its clients with first rate advisory, transformation and technology solutions. The fast-moving, global landscape requires the ability to mitigate the significant enforcement actions against financial institutions taken by regulators in recent years. I’m looking forward to helping the firm increase its geographical presence and forge into new sectors, such as digital assets. My focus is on nurturing and expanding our existing network of clients while exploring new growth opportunities.”
Alan Paterson, Managing Director, Plenitude, added: "We are delighted to appoint Mike to lead our practice in Asia which is a key part of our growth strategy. Mike’s proven track record in delivering complex FCC and remediation programmes alongside his extensive network, will help position our Asia practice for success. We are very excited by the opportunities in Asia and are already seeing strong demand for our services.