The bridging and buy-to-let lender says Kotecha — in his current roles as chief compliance officer, money laundering reporting officer and head of HR — “has been responsible for shaping and implementing MT Finance’s compliance strategy since joining the company in 2019”.  

He has previously held positions at several financial institutions including Barclays, where he worked for six-and-a-half years, leaving as a personal account manager in 2015.  

Kotecha also worked at the Financial Conduct Authority for just over 18 months, leaving as an associate in 2016.  

The FCA’s Consumer Duty comes into force on 31 July, and aims to provide greater protection to consumers who use financial service firms.  

The current cost of living squeeze makes it more vital consumers get fair value, and this should also benefit the competitiveness of the industry as firms strive to offer the best to compete for customers, says the FCA’s executive director of consumers and competition Sheldon Mills in a speech to EY today.  

MT Finance director and founder Joshua Elash says: “In the four years he [Kotecha] has been in the business he has overseen our successful application and eventual launch into the regulated bridging finance sector and has contributed greatly to the overall compliance function of the company.”   

Kotecha, the eighth addition to the lender’s board, adds that he looks forward to “working closely with our industry partners to ensure the consumer remains our primary consideration.”