Ernest Lima

Partner

Ernest is one of the founding Partners at XReg Consulting and our legal and regulatory policy lead, having developed a particular expertise on the development and implementation, including project management, of legislative and regulatory changes. His responsibilities include in-house legal matters and advising clients on regulatory and AML/CFT compliance. Ernest sits on the Financial Markets Law Committee and INATBA’s Finance Working Group, focusing on emerging issues arising from the use of virtual assets and DLT.

Ernest is a qualified lawyer with over 14 years’ experience working in financial services regulation. He started his career in litigation. In 2007, he joined Hassans International Law Firm where he practised as a financial services regulatory lawyer advising banks, investment firms and other financial institutions on their ongoing legal, regulatory and transactional matters, as well as working on the transposition of several EU Directives into Gibraltar law. While at Hassans, he was seconded to the Gibraltar Financial Services Commission (GFSC) where he provided legal, policy and supervisory support.

Before XReg Consulting, Ernest joined the GFSC where he assumed the role of Head of Policy. His responsibilities included maintaining and developing an effective legislative and regulatory framework for financial services in Gibraltar, and managing the implementation of regulatory policy and standards informed by HM Government of Gibraltar, the EU, international initiatives and market changes. During his time at the GFSC, he led on, and project managed, the delivery of the Legislative Reform Programme (LRP), a flagship project consisting of the single most extensive reform of financial services legislation into a harmonised Act and supporting regulations. Additionally, Ernest led on the transposition of numerous EU Directives and the policy and legislative preparatory work for Brexit. He was instrumental in the design and implementation of the DLT regime in Gibraltar and bringing DLT Providers within scope of AML/CFT legislation.

DanAn Truong
Regulatory Consultant
Lianne Gilbert
Regulatory Consultant
Lia Newman
Marketing & Communications Officer
David Mazzucchi
Regulatory Consultant
Samai Hurtado
Head of Operations & Legal
Dimitrios Psarrakis
Head of EU Affairs // Financial Strategy and M&A Lead
Aaron Unterman
Managing Director (Cayman Islands)
Annette Perales
Director, XReg Compliance
Elaine Parody
Financial Controller
Juan Manuel Garrido
Head of Financial Intelligence // LATAM Lead
Nathan Catania
Partner
Neil Samtani
Chief Information Officer

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