TaxTec has appointed Andrew Douglas as Chair of its new Strategic Advisory Group.
- The group will guide the expansion of TaxTec’s AI-driven tax reclamation platform.
- Douglas has over 35 years in the financial services sector.
- He previously served at the Depository Trust & Clearing Corporation.
- Douglas aims to revolutionise tax recovery with innovative solutions.
In a strategic move to enhance its leadership in digital tax recovery, TaxTec has appointed Andrew Douglas as the Chair of its newly formed Strategic Advisory Group. This group is set to comprise senior leaders from the institutional financial services sector, tasked with providing strategic direction as TaxTec continues to advance its AI-powered tax reclamation platform. The company, founded in 2023, is dedicated to transforming tax recovery mechanisms for institutional investors through cutting-edge technology.
Douglas brings with him an impressive 35 years of experience within the financial services industry, notably in post-trade processes. He currently heads the UK Accelerated Settlement taskforce, which plays a crucial role in the nation’s transition to a T+1 settlement cycle. Previously, Douglas was a key figure at the Depository Trust & Clearing Corporation, where he held leadership positions including the head of regulatory affairs outside the U.S. and the CEO of the company’s Derivatives Trade Repository in Europe.
His comprehensive expertise in settlement, post-trade operations, and regulatory affairs makes him an essential asset for TaxTec’s future development. At the Bank of England, he chaired the Data Standards Committee for the ‘Transforming Data Collection’ initiative until earlier this year, highlighting his capability in handling complex regulatory environments and fostering data standardisation.
The appointment of Douglas is viewed as a pivotal step forward for TaxTec in its quest to revolutionise tax recovery strategies. TaxTec’s Founder and CEO, Stephen Everard, stated, “Andrew’s depth of knowledge and leadership experience are invaluable assets as we continue to grow.” The firm is committed to leveraging Douglas’s understanding of regulatory landscapes and post-trade challenges to drive its next phase of innovation.
Douglas himself expressed enthusiasm regarding his new role, commenting, “I’m pleased to join TaxTec at this pivotal time. I look forward to working alongside the team and contributing to the development of solutions that will transform tax recovery processes for institutional investors.” As Chair, he will work closely with TaxTec’s senior management, providing guidance on product development, regulatory strategies, and forging key partnerships within the industry.
Douglas’s appointment marks a significant milestone in advancing TaxTec’s mission in digital tax recovery.
