Michael is a senior executive in the field of risk and regulation in the financial services sector, with a strong focus on insurance. He has a deep understanding of business models in the insurance sector and the related risks.
He has founded Sicsic Advisory, the London based boutique consultancy focusing on financial services risk and regulation, in 2019. His team has a unique combination of expertise gained through direct industry experience, consulting roles and regulatory supervision leadership role in the UK insurance market.
Before setting up his own company, Michael spent 4 years at FCA as head of supervision for the general insurance retail sector. Formerly, Michael spent five years at Aviva Plc. as Global Operational Risk Director covering Life Insurance, Asset Management and Non-Life insurance. Previously, he worked over 10 years at GE Capital in various senior risk and finance positions across commercial and corporate finance activities.
He has extensive international experience covering credit risk modelling and capital allocation, financial risk and ALM, operational risk management and quantification, conduct of business, financial crime compliance and M&A activity across multiple jurisdictions.
Michael is a liveryman of the Worshipful Company of Insurers.
Michael Bartholomeusz, Senior Advisor
Michael is a senior advisor and mentor to Boards, Senior Management and Private Equity Funds. His focus is on governance, culture, conduct and prudential risk and regulatory relationship management.
His career spans over 35 years in the Financial Services industry, with executive Board and current independent NED experience. He has chaired and served as a member of Risk, Audit, Investment and Remuneration Board committees across general insurance, life & pensions, investments, mortgage, consumer and SME credit sectors.
Michael has been a risk and finance executive (CRO, Finance Director, Strategy Director) in blue chip firms (AIG, Flood Re, Prudential, GE Capital, Abbey National) and a senior consultant (KPMG and Promontory).
He has experience in setting up regulated firms, new authorisations and new management functions, including business plans and ensuring regulatory threshold conditions are met. He also has both M&A and business turnaround experience.
Michael is a UK qualified Chartered Accountant a member of the Institute of Risk Management.
Rhiannon Harfoot, Associate Director
Rhiannon is a senior consultant focusing on organisational culture. She works with leadership teams of organisations up to and including FTSE100s to bring about real and lasting transformation.
She draws on 15 years experience as a Director at Barclays, spanning a range of commercial and operational roles. Her interest in cultural change was sparked whilst implementing a Conduct Risk framework across their UK operations. She subsequently spear-headed an in house Culture Programme to embed customer-centric behaviour across the organisation.
As a consultant she has worked with and coached Boards and Leadership teams to better understand and proactively manage the culture of the Board Room and beyond. This has varied from assessment of current culture and the effectiveness of values in driving behaviour to cultural transformation through the redesign of the organisation’s cultural ‘infrastructure’ (such as purpose, vision and values), people processes and business controls.
Alongside assessment and Board coaching assignments, scale projects include a deep cultural assessment and change programme for an organisation with an insurance arm, behavioural change programme for a UK subsidiary of a FTSE 100 equivalent and cultural transformation for UK Building Society.
Caroline Beck is a senior consultant with a track record of solving regulatory issues for financial institutions and successfully delivering governance and risk projects. She has specialised in prudential risk management, governance and compliance with a strong focus on banking, capital markets and asset management.
Caroline works with financial institutions on the practical impact of PRA/FCA requirements. This includes assessing and improving key documents such as Board and Committee Terms of Reference, Risk Frameworks and Policies, ICAAPs and ILAAPs, Recovery and Resolution Plans; reviewing risk and capital reporting processes both to Boards and to regulators and providing targeted training.
She has also led section 166 reviews on capital and risk management and reporting; advised new and potential UK bank applicants on business plans and financial projections and assisted new entrants with regulatory reporting and compliance.
Previously Caroline worked at BDO, Barclays Wealth, Santander UK and PwC.
Caroline is a chartered accountant and a member of the Chartered Institute for Securities & Investment.
Sue is a senior consultant, focused on conduct, culture and governance, with extensive professional experience from small broker firms to large multinational banks and insurers.
With over 20 years’ financial services experience, Sue has a depth and breadth of regulatory knowledge gained in Big 4 and specialist consultancies, along with practical industry experience with roles as Head of Compliance with general insurers, insurance intermediaries and a mortgage and consumer credit firm. A key area of focus over recent years has been on General Insurance (including implementation of the Insurance Distribution Directive) as well as assisting a variety of firms in their implementation of the Senior Managers and Certification Regime.
Sue’s has built and led Compliance functions at insurers, intermediaries, mortgage and consumer credit firms and managed a number of successful authorisations, for both UK (FCA) and Irish (CBI) entities.
Having started her career at Friends Provident in 1997, she gained her ACII qualification and was an examiner for the Chartered Insurance Institute.
Stephen Rosling has worked in the UK financial services sector for over 30 years, holding senior customer, change, and conduct risk management positions in Aviva, Friends Life, and Friends Provident International. Stephen also has international experience having worked in India, Malaysia and Sri Lanka.
Over the last 7 years Stephen has undertaken a range of risk, compliance and governance projects at Lloyds Bank (Consumer Lending), Nationwide Building Society (Payments), Beazley Insurance, Chaucer Syndicates and Ceylinco Life (Sri Lanka).
His career in financial services includes banking, credit, lending, insurance (life, general, speciality), and pensions.
His wide range of projects include firm wide conduct risk programmes and reviews of corporate governance frameworks. His legal and regulatory projects include PSR, GDPR, SMCR and IDD, as well as managing changes resulting from thematic reviews.
Mark is a seasoned compliance professional with over 30 years experience in the Insurance sector, having started his career as an underwriter at Norwich Union.
He brings an extensive experience leading the delivery of regulatory and ethical compliance, ensuring effective governance and providing constructive challenge at board level. Mark has been the Head of Compliance at Bluefin for 6 years.
Mark has an extensive expertise in regulatory due diligence, acquisitions and integration work.
He has implemented and managed successful compliance monitoring frameworks; created complaint management frameworks; designed and implemented of both 1st and 2nd line quality control regimes. He has a detailed understanding of a numbers of topics such as Conflicts of Interest, Client Money, SM&CR and Consumer Credit.
He took an active role in supporting the British Insurance Brokers Association (BIBA) including being the Chair of BIBA’s Regulatory Working Group, a position he held from 2015 to 2019. During his time at BIBA he contributed to several industry initiatives including premium finance and the Insurance Distribution Directive.