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Colin Shaftesley
Partner at PricewaterhouseCoopers
Professional Background
Colin Shaftesley is a prominent figure in the financial services sector, with a wealth of experience that dates back to 1988 when he commenced his career in Hong Kong. Over the years, Colin has built a robust professional profile through his diverse roles at PwC (PricewaterhouseCoopers), where he has served as a partner and held various significant responsibilities. His expertise primarily revolves around regulatory compliance and advisory services for clients regulated by the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority, and the Insurance Authority. Colin's clientele includes a range of financial entities such as securities dealers, futures dealers, corporate financiers, asset management companies, banks, and insurance brokers.
In his current role, Colin’s work embraces a variety of crucial services including audits, assistance with licensing, control reviews, fraud investigations, and handling regulatory breaches or queries. With extensive knowledge accumulated over the decades, Colin has played a vital role in enhancing compliance and fostering financial integrity in the competitive landscape of Hong Kong's financial markets. Notably, Colin also has significant experience with Stock Exchanges, further enriching his expertise in the sector.
Beyond client engagements, Colin has held several leadership roles within PwC. He was once partner in charge of Human Resources for the audit division and later took on the role of partner in charge of the Learning and Development Department. His current responsibilities encompass deployment, recruitment, and the management of the secondment programme within the Financial Services Division of PwC, ensuring that the firm attracts and retains top-tier talent.
Colin’s commitment to professional development is evidenced by his leadership of the PwC Non-Executive Director programme. This initiative includes organizing seminars on pressing topics such as Fraud, Corporate Governance, and Board Effectiveness, aimed at keeping Non-Executive Directors informed about the latest thought leadership in their field.
Colin also has a rich history of regulatory engagement. From 1991 to 1993, he was seconded to the SFC, where he significantly contributed to drafting the Financial Resources Rules and various sections of the Securities and Futures Ordinance. This direct participation in regulatory development reflects Colin's depth of knowledge and commitment to fostering regulatory excellence in the financial services industry.
In addition, Colin is actively involved in the professional community. He served as a member and convenor on the Expert Panel on Securities at the Hong Kong Institute of Certified Public Accountants from 1995 to 2008, illustrating his ongoing engagement with regulatory frameworks and industry standards. Furthermore, he is a fellow and a Director of the Hong Kong Securities and Investment Institute, participating in various committees including the membership committee, Examinations Committee, E-Commerce Committee, and the Professional Events Committee. Presently, Colin chairs the Examinations Committee and is a member of the Executive Board of the Institute, reinforcing his status as an influential leader in the securities and investment field.
Education and Achievements
Colin Shaftesley obtained his foundational education at Stand College in Whitefield, Manchester, before pursuing higher education at the University of Sheffield. He earned a Bachelor's Degree in Business Studies, providing him with the analytical and strategic insights that have propelled his distinguished career in finance and accounting. Colin’s academic background has set the stage for his success within the industry, equipping him with the essential skills and knowledge necessary for navigating complex financial landscapes and regulatory frameworks.
Colin’s professional journey is marked by significant achievements through his leadership roles at PwC and his ongoing contributions to the financial services industry in Hong Kong. His efforts have consistently focused on improving standards and best practices across numerous sectors, underlining his dedication to excellence and integrity.
Notable Contributions and Leadership
- Partner at PwC: Colin has served as a partner at PwC, where he has made substantial contributions in various capacities, including leading the Human Resources and Learning & Development divisions.
- SFC Secondment: His secondment to the SFC was instrumental in shaping crucial financial regulations in Hong Kong, notably the Financial Resources Rules.
- Leadership in Non-Executive Director Program: Colin runs the PwC Non-Executive Director programme, which offers valuable seminars and insights for Non-Executive Directors.
- Active in Professional Bodies: As a fellow and Director of the Hong Kong Securities and Investment Institute, Colin actively shapes industry standards and ensures the professional development of his peers.
In summary, Colin Shaftesley is a seasoned professional with a track record of excellence in the financial services industry. His extensive experience and leadership at PwC, combined with his significant contributions to regulatory frameworks and professional organizations, position him as a leading expert in the field. His commitment to fostering development and compliance makes him an invaluable asset to the financial community in Hong Kong and beyond.