Blog

1st EGM Held

The Association’s 1st EGM was held on Monday the 11th Feb 2019.  The constitution was formally adopted by the Memberships and the Executive Committee members ratified into their elected posts.

The following workstreams were highlighted as the first items that will be tackled by the committee and associated sub-committee.  The membership was encouraged to join the sub-committees.

  • Technical :
    • Auditing and accounting standards
    • Tax
    • Forthcoming ICO legislation
    • GDPR
    • FSC Interfacing and Annual Fees
  • Education :
    • Membership and Professional Development
    • Broader engagement with educators to deliver New Technologies in Gibraltar
  • Social Media :
    • Membership Survey
    • Establishment of Facebook, LinkedIn, Twitter and Web Pages

Members were informed that the bank account will shortly be established and annual fee invoices will be issued shortly thereafter.

Members were also informed that the Exec would be meeting with the FSC later in the week and were encourage to raise any issues through the on-line survey so that these could form part of the discussions.

An application to form part of the Gibraltar Finance Centre Council had also been submitted and would be considered formally once the Association was formally constituted.

 

EGM Called for 11 Feb @ 10:00

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of GANT will be held at Gibraltar Finance, Suite 761, 6th Floor, Europort, Gibraltar, GX11 1AA on 11th February 2019 at 10:00am for the purpose of considering and, if thought fit, passing the following:

AGENDA

THAT the members ratify the adoption of the attached constitution;

THAT the members ratify the appointment of the individuals that polled the most votes at the candidate vote held in December 2018 to the Committee of GANT and that they assume the following roles:

Chairman                                           David Parody

Vice Chairman                                  Joey Garcia

Secretary                                           Javi Triay

Treasurer                                          Vikram Khatwani

Training                                             Ian Torrilla

Technical (Accounting & Tax Issues)       Desiree McHard

Technical (Legal & regulatory issues)      Anthony Provasoli

Marketing                                           Nick Cowan

Administrator                                     Thomas Johnson

THAT the membership considers and approves thework streams and initiatives for 2019.

THAT any other business be considered.

Dated 9th January 2019

BY ORDER OF THE Chairman

  David Parody Chairman    
NOTE: Any Member entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and (on a poll), vote on his behalf; a proxy need not be a Member. The instrument appointing a proxy should be delivered to the Chairman not less than 24 hours before the time fixed for holding the Meeting or adjourned Meeting.

1st Meeting of the GANT Executive Committee

committeegantThe 1st meeting of GANT’s executive committee took place today.

The following positions were allocated;

  • Chairperson : David Parody
  • Vice Chairperson : Joey Garcia
  • Secretary : Javi Triay
  • Treasurer : Vickram Khatwani (not in photo)
  • Technical Committees : Desiree McHard and Anthony Provasoli
  • Marketing : Nick Cowan
  • Training : Ian Torrilla
  • Administrator : Thomas Johnson

The Executive also considered the applications for membership and a total of 7 Observers, 5 FSC Authorised Firms, 4 Firms using DLT and a further 17 Advisory firms were accepted as members of the Association.

Consideration was given to extending honorary membership to other trade associations and bodies who the executive considered would add value to the workings of the Association.

Annual fees were set by the Executive for the 1st year of operation at the following rates;

  • Corporates  @ £500 pa
  • Individuals @ £100 pa
  • Observers @ £200 pa
  • Representatives of members @ £100 per individual other than the 1st one.

The Chairperson will be writing to each applicant to confirm the successful determination of their application.

Various workstreams were identified for the Executive and sub-committees will soon be established to deal with these.  The Executive will also be seeking a meeting with the FSC by way of a formal introduction to its workstreams and members.

An EGM will be called for the 11th February 2019 where the membership will be asked to ratify the Constitution of the Association, Members of the Executive and to identify additional workstreams.

 

GANT Executive Committee voting results

The following have been voted in as members of the Executive of the Association following a vote amongst applicant firms.

 

Name Nick Cowan
Firm GSX Group Limited
NickCowan Nick is a specialist in investment business with over 30 years’ experience working in both Japan and Europe. He has over 30 years investment industry experience in Developed and Emerging Markets including five years as the Global Head of Equities for ING Barings serving as a Member of Executive Committee. Responsible for 2,500 employees in 43 countries, including 40 stock exchange memberships as well as numerous restructurings, turnarounds, acquisitions and divestments. He is currently the founder and CEO of The Gibraltar Stock Exchange Group.

Executive positions at INGB included: Member of 4 man Executive Committee; Chairman of Equity Markets Executive Committee; Head of European Equities; Chairman of Global Underwriting Committee; Member of Global Risk Committee; Member of Financial Markets Executive Committee; Member of ING UK Management Committee; Member ING New Products Committee; Member ING Global Limits Committee and Member of ING Executive Council – (Top 20 members of ING) responsible for 120,000 employees in 135 countries.

 

Name Joey Garcia
Firm Isolas
JoeyGarcia Joey is an internationally recognised thought leader in the DLT space. He was recognised by Chambers&Partners as one of the top 12 lawyers in the world in this space for 2018. He is also currently ranked as a Bank 1 Fintech lawyer in Gibraltar for 2018/19. Joey co-chaired the Government’s working group on Blockchain for 3 years which was specifically established to develop the infrastructure to accommodate a DLT regulatory framework in Gibraltar. Joey is a member of the prestigious global Wharton Reg@Tech think tank in Philadelphia which brings together fintech academics and Regulators from around the world to discuss issues and current developments in the sector. He is a founding member of the European think tank (thinkBlocktank) established in Luxembourg, and a member and contributor to the Stablecoin Foundation and working group. He is a member of the Digital Chamber of Commerce in Washington where he co-authored a segment of their recent report ‘Understanding Digital Tokens, market overview and guidelines for policymakers and practitioners’ and is also involved on various working groups established by the group to address current issues. He also contributed to the first book published by Global Legal Insights on Blockchain and Cryptocurrency regulation for 2019 and is also the appointed lecturer at the Gibraltar University on the subject of DLT regulation for legal students.

Joey advises Xapo (the largest BTC wallet provider in the world) who are a regulated e-money firm in Gibraltar, Huobi (the 3rd largest exchange in the world) on its license application in Gibraltar, RSK (Rootstock)/RIF on their recently announced projects and developments on the new protocol layer, Bitso (the largest exchange in South America), Coinfloor (the largest exchange in London), Gnosis (the first Consensys backed project to have conducted its sale, being the first token sale in Gibraltar) and a large number of well-known groups in the space.

He has also contributed to various international events and initiatives as a speaker. Most recently this year the Token Summit in New York, The EU Blockchain Convention in Barcelona as a keynote speaker, LaBitConf in Chile on global regulation, and GibFin in London also as a keynote speaker. On Financial Services joey was the Chairman of the Gibraltar Funds & Investments Association from 2014-2016, chaired the technical committee for other years on the executive and formed part of the GFSC’s working groups for the transposition of both AIFMD and MiFID II.

 

Name Thomas Johnson
Firm Digital Asset Management
ThomasJohnson Thomas Johnson is currently Head of Operations at Digital Asset Management Ltd (DAM). He oversees daily operations of the business which include Crypto custodianship, Crypto OTC and Portfolio Management services. Thomas has helped organise events such as the ‘Blockchain – Back to basics’ event hosted by the GSX Blockchain Innovation Centre, of which DAM is a proud partner. Unable to find any accessible local community or forum to discuss developments in Blockchain, Thomas founded the Gibraltar Blockchain and Cryptocurrency Community late 2017, and has hosted ad-hoc events with the community as well. He is a member of the British Blockchain Association and believes he could add value to the Gibraltar Association for New Technologies.

 

Name Vickram Khatwani           
Firm Deloitte
VikramKhatwani Vickram is a senior manager with Deloitte in Gibraltar and overseas the firm’s tax department.

Vickram is actively involved on the firm’s significant tax compliance, advisory and due diligence engagements, advising clients in the financial services and gaming industries from a Gibraltar tax perspective and on cross-border matters where applicable.

Most recently, Vickram has been heavily involved in developing the firm’s offering in the Fintech space, specifically to blockchain based businesses looking to set up operations in or carry out token sales from Gibraltar.

Vickram is a member of the Gibraltar Society of Accountants (forming part of the Tax Faculty team), a fellow of the Association of Chartered Certified Accountants and is an Accounting and Finance graduate of Warwick Business School.

What Vickram brings:

  • Experienced leader with 12 years’ experience .
  • Proven track record of leading corporate tax and advisory engagements for components of large businesses.
  • In-depth knowledge of Gibraltar’s tax legislation and a good working relationship with Gibraltar’s tax and other authorities.
  • Strong awareness and understanding of Gibraltar’s DLT Sector and Regulatory Framework, and an active member of Deloitte’s Global Blockchain Community made up of professionals and technologists..

 

Name Desiree McHard
Firm BDO
DesireeMcHard Desiree McHard is the Managing Director of BDO Gibraltar, the firm’s Head of audit and assurance and International Liaison Partner.

A Chartered Certified Accountant and graduate of Leeds University, Desiree has been working in public practice for over twenty years. Initially training with another large audit firm and later being financial controller of an insurance firm and an asset manager, Desiree joined BDO in 2000.

Desiree specialises in financial services, with expertise in distributed ledger technology, blockchain and cryptocurrencies, funds and in the online gaming sector. She was closely involved in the IPOs of various Gibraltar companies which have been listed on the London Stock Exchange.

Desiree has served as the President of the Gibraltar Society of Accountants and as a board member of the Gibraltar Finance Centre Council. She is a board member of the University of Gibraltar’s audit committee, the Gibraltar Funds and Investment Association – Technical Committee, the Gibraltar Investor Compensation Scheme, and the FSC’s Auditors’ Advisory Panel.

Desiree was involved in the proposed changes to the Companies Act and the EIF legislation. She is actively involved in the promotion of Gibraltar’s Finance Centre and therefore regularly attends and participates in offshore events.

 

Name Anthony Provasoli
Firm Hassans
AnthonyProvasoli Anthony Provasoli is a Partner in Hassans International Law Firm and co-leads the firm’s FinTech team. Anthony has been advising on cryptocurrency and blockchain related work since 2014 and has been very involved in promoting the regulation of cryptocurrency related business in Gibraltar. Anthony assisted the Gibraltar Financial Services Commission in preparing the guidance notes for the DLT Regulations and has advised a number of high profile cryptocurrency businesses and DLT providers.

 

Name Ian Torrilla
Firm n-gineering.tech
IanTorrilla Engineer/technologist and business owner. Coder to Project Manager over 10 year career development in the UK. Founder of ISO 9001 accredited IT business in Gibraltar in 2000 providing IT services to the business community and developing our team.

During that time I have served actively on various Boards including

  • The Board of the GFSB for a decade, including Vice Chair, focusing on the development of the business environment in Gibraltar.
  • Five years on Government E-commerce advisory board,
  • The Board of Young Enterprise Gibraltar Ltd

Current member of the Gibraltar University Key Advisory Group for Business, and regularly liaise with University staff on Blockchain initiatives. A member of the British Blockchain Association.

Active and in depth research of Blockchain and DLT for past 18 months.

The appropriate application of technology has never been more relevant than in the current environment of new technologies.

Spreading the knowledge with relevance and direction. Under an overall strategy for the development of a base for international business, as well as creating in Gibraltar a centre of excellence for technical and business innovation under the right regulatory framework.

Ian Torrilla

http://www.n-gineering.tech/profile

http://www.linkedin.com/in/iantorrilla

ian.torrilla@n-gineering.tech

 

Name Javi Triay
Firm Triay & Triay
JaviTriay

Javi qualified as a solicitor in 2013 having undertaken his training contract at the firm. He forms part of the Triay & Triay’s Financial Services/Fintech Team.

Javi was instrumental in developing Triay & Triay’s Fintech practice having been involved in numerous ICOs, applications to the GFSC, crypto funds and more recently STOs.   He has formed part of the team creating the regulations to govern token sales. Javi regularly, advises on a number of licensing requirements and regulatory, operational, passporting and distribution matters in relation to “traditional” financial services firms.

Javi acts for the first listed crypto fund and is in the process of assisting with a DLT e-money institution in Gibraltar