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31/10/2016

Audit expert Iraj Amiri joins Finance Wales Board

Finance Wales has appointed audit expert Iraj Amiri to its Board. With over 20 years of experience in audit and assurance Iraj will head up Finance Wales’ Audit Committee.

Iraj is a pioneer in the governance and assurance field, combining detailed and authoritative knowledge of the subject with its practical application.  Throughout his career he has worked closely with major British and European banking institutions and investment companies.

He spent over a decade heading up FTSE 100 company Schroders plc.’s internal audit department. Iraj was also Head of the Wellcome Trust’s internal audit team – overseeing the management of more than £18bn in investments. He developed internal audit services for Deloitte, where he was a partner, taking the unit from its early beginnings to a team of more than 600 staff.

Iraj has extensive experience of working at board and trustee level. He is a Trustee of the National Employment Savings Trust (NEST). Iraj is a recognised global expert and authority on internal audit and assurance functions, and has been a regular speaker at internal audit conferences. He is also a member of the Regulatory Decisions Committee of the Financial Conduct Authority.

“I’m pleased to be joining the Finance Wales Board at this time, especially with the proposals for a development bank for Wales currently in progress,” said Mr Amiri. “I am looking forward to working with such a talented Board and bringing my expertise to this role.”

Finance Wales Chairman Gareth Bullock added: “Iraj is an experienced audit and risk management professional. We are pleased to be welcoming him to the Board. He takes over from Ivar Grey who provided many years of excellent service on the Audit Committee. We’d like to thank Ivar for all his hard work and his significant contribution to Finance Wales. ”

Finance Wales’ Audit Committee ensures the integrity of the Finance Wales Group’s financial statements, as well as the effectiveness of its risk management and internal controls. The Audit Committee also provides assurance to stakeholders, including Welsh Government.