Our Team

Who We Are

ComplianceAsia, now part of IQ-EQ, is the longest established and largest compliance consulting firm in Asia Pacific, renowned for providing independent and unbiased advice on Asian financial industry rules and regulations. Our client base spans asset managers, hedge funds, private equity funds, family offices, broker-dealers, insurers, wealth management, and investment banks.

Asia's First Independent Compliance Consulting Firm

We provide independent, unbiased advice on Asian financial industry legislation and regulations

  • 70 +


  • 20 +

    Years of Experience

  • 3888 +


  • 200 +

    Training Courses

Why Choose ComplianceAsia As Your Trusted Partner?

Our Commitment:

When you partner with ComplianceAsia, part of IQ-EQ, you will receive personalised services from a dedicated team overseen by our senior managers and principals. When we work with you, our focus will be to ensure clear and effective communication with you, as well as to provide quality and transparent services to ensure your organization is in compliance with local rules and regulations.

Our People:

As an APAC-focused business, we employ staff who come from a variety of different backgrounds such as accounting, finance, compliance and law, and we ensure they continue their professional memberships and affiliations. Our staff regularly attend industry forums and conferences on their specific areas of expertise to gain insights into pertinent issues, allowing them to help you and your organization stay compliant.

To ensure we can communicate with you effectively, our team of compliance experts are fluent in Cantonese, Mandarin, English, Japanese, Pilipino, Burmese, Dutch, Hindi, Rakhine, Indonesian, Malay and French.

Our Edge:

ComplianceAsia, part of IQ-EQ, is the longest established independent compliance consulting firm in the Asia Pacific region. Our full-time research department manages regulatory research to help our clients drive strategic change, support decision-making and help organisations stay compliant and build trust into core business processes.

Our Team

Philippa Allen mailto:Philippa.allen@iqeq.com

Managing Director, Head of Regulatory Compliance, Asia

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Philippa Allen, Managing Director of Regulatory Compliance, Asia, has over 30 years’ extensive business and regulation experience in Asia.

Prior to founding ComplianceAsia, which is now part of IQ-EQ, Philippa was the Head of Compliance, APAC for Dresdner Bank and GT Asset

Management (LGT Asset Management).

She was one of the drafters of the original Fund Manager Code of Conduct in Hong Kong and is involved in numerous submissions to regulators

and lobbying efforts with financial industry bodies.

She graduated from the University of Western Australia with a Bachelor of Jurisprudence and Bachelor of Laws (LLB) degree. Upon graduation,

she commenced practice as a barrister and solicitor for Freehill Hollingdale and Page, in Perth, Western Australia.

Philippa is a frequent speaker at financial industry conferences and technical panels, and a member of various industry representative bodies including


Susana Leung mailto:Susana.leung@iqeq.com

Director, Regulatory Compliance

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Susana, Director of Regulatory Compliance, is an accomplished professional with experiences in the
financial industry and has held several senior management positions in renowned global financial
organizations. She earned her Master of Business Administration degree from the Hong Kong University of
Science and Technology and was elected as an Associate member of The Hong Kong Institute of Bankers
in 1998.
Susana's career includes roles such as Head of Strategy and Business Development for the Private Wealth
Management Division at Deutsche Bank AG. During her tenure, she played a key role in expanding the
group's operations in the North Asia region. She later assumed the position of Chief Operating Officer at
LGT Investment Management (Asia) Ltd., where she successfully established the infrastructure and
operating platform, ultimately securing a full banking license for LGT. Subsequently, she served as the
Chief Operating Officer and ACE at LGT Bank. Prior to these roles, Susana held the position of Senior
Director, Head of Business Services & Quality Assurance, Private Bank International, and also served as
the Executive Officer responsible for Type 1 activities at ABN.

Cherry Chan mailto:Cherry.chan@iqeq.com

Associate Director, Client Services, Regulatory Compliance

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Cherry Chan is the Compliance Director of ComplianceAsia. Cherry holds a Bachelor of Business
Administration and possesses over 10 years of experience in the compliance industry. Before joining
ComplianceAsia, Cherry worked in international asset managers. She has extensive experience in
dealing with the regulator.

Doris Li mailto:Doris.li@iqeq.com

Associate Director, Licensing, Regulatory Compliance

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Doris Li is the Associate Director, Licensing, Regulatory Compliance, of ComplianceAsia (part of IQ-EQ),
responsible for licensing matters and frequent correspondence with the MAS and SFC for licensing
applications. Doris has more than 12 years’ working experience in the banking and financial industries.
Prior to joining ComplianceAsia (part of IQ-EQ), Doris worked in multiple positions in corporate banking in
Hong Kong including approver of customer due diligence, relationship manager with portfolio of
commercial clients, and assistant manager for business clients on-boarding.
Doris holds a Bachelor of Banking and Finance from the London School of Economics and a Bachelor of
Laws from University of London.

Hardy Hussain mailto:Hardy.hussain@iqeq.com

Associate Director, AML Services, Regulatory Compliance

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Hardy leads a team conducting screenings, onboarding, background checks and complex financial
Prior to joining ComplianceAsia, part of IQEQ, Hardy worked for more than 10 years in a Singapore
government agency, and his last position was in the Intelligence & Investigation Division to
investigate the finance and insurance industry before making prosecution recommendations to the
Attorney-General Chambers (Singapore).
He graduated in legal studies and has achieved several “Outstanding Enforcement Awards”
throughout his career in the government sector. Hardy has embarked on a number of professional
development training courses, which includes Certified Anti-Money Laundering Specialist by the
Association of Certified Anti-Money Laundering Specialists. Hardy is a qualified Private Investigator
accredited by the Singapore Police Force (SPF) and he is one of the participants in the 37th
Cambridge International Symposium on Economic Crimes

Justin Fletcher mailto:Justin.fletcher@iqeq.com

Associate Director, AML Services, Regulatory Compliance

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Justin has worked in AML and customer due diligence for 15 years in both regulated and non-
regulated industries. During the past 3 years at ComplianceAsia, part of IQEQ, Justin has assisted
Hong Kong companies subject to the Anti-Money Laundering Ordinance with AML Audits, policies and
procedures, and in-depth Institutional Risk Assessments based on quantitative and qualitative data
and provided AML support to over 60 Cayman Islands funds. Justin’s background includes client
lifecycle management in corporate banking in Hong Kong, including a major remediation project
required by a US Monitor and working in operations security in valuable cargo logistics in Germany
and Hong Kong, where he initiated and subsequently led the due diligence compliance division
at a service provider for the diamond & jewellery and precious metals industries.

As associate director of AML Services, Justin is able to provide the benefit of years of experience in
international customer due diligence and customized compliance solutions for both SFC regulated companies
and non-SFC regulated companies concerned with the potential impact of money laundering and terrorism
financing on their business.

Justin graduated from Queen Mary, University of London with joint honours in German & Russian

Thiviyah Malaravan mailto:Thiviyah.malaravan@iqeq.com

Senior Manager, Client Services, Regulatory Compliance

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Thiviyah joined in 2019 and is responsible for the performance of the team and delivery of quality service
to clients.
Thiviyah’s role involves providing ongoing independent and unbiased regulatory compliance advice to
clients and handling daily correspondence with the MAS. She has worked with over 40 clients that
includes large international hedge fund and private equity managers, broker-dealers and financial
advisers. A number of these clients manage over USD100 billion of assets globally and she has worked
with compliance experts around the APAC region, the UK and the US. On a periodic basis, she conducts
training sessions for senior managers, representatives, and employees of financial institutions on
regulatory updates and compliance requirements. She also has vast experience in licensing applications
filed with the MAS and has assisted firms with setting up their compliance monitoring programme and
Prior to joining ComplianceAsia (part of IQ-EQ), Thiviyah worked at an Insurance Company as a financial
adviser to retail clients. Thiviyah graduated from the University of Western Australia and holds a bachelor’s
degree in Commerce majoring in Finance and Business Law.

Spencer Yeung mailto:Spencer.yeung@iqeq.com

Senior Manager, Client Services, Regulatory Compliance

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Spencer provides compliance advisory, support and compliance monitoring to clients in ComplianceAsia
(part of IQ-EQ). Before joining CA, he worked in the trading and distribution industry and was responsible
for arranging shipment, products ordering, product distributing to retails.

Jasmine Tse mailto:Jasmine.tse@iqeq.com

Senior Manager, Client Services, Regulatory Compliance

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Jasmine brought ComplianceAsia (part of IQ-EQ) with 5 years of compliance experience in an SFC licensed
asset management company (Type 4, 9 Regulated Activities) as an Operation Manager. She was
responsible for conducting regular internal compliance review, ensuring the day-to-day compliance of
relevant regulatory requirements and completing an SFC onsite inspection.
Jasmine started her career in the audit field in KPMG with client profile including the ICBC (Asia) and other
SFC licensed corporations.
Jasmine is a CPA. She holds a BBA in Professional Accounting and Information Systems from the Hong
Kong University of Science and Technology

Ben Axten-Burrett mailto:ben.axten-burrett@iqeq.com

Associate Director, Client Services, Regulatory Compliance

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After Ben completed his Bachelor of Science degree, he joined ComplianceAsia (part of IQ-EQ) in 2016 and
has been providing compliance advisory, support and compliance monitoring services. Ben has worked
closely with a wide range of clients over the past 6 years consisting of fund managers, brokers and
corporate finance advisory firms.

Rachel Wu mailto:Rachel.wu@iqeq.com

Business Development Director, Regulatory Compliance

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