Home / News / Life after custody: Travers takes on top ‘regtech’ role

Life after custody: Travers takes on top ‘regtech’ role

News

David Travers, a former veteran of senior management in asset servicing who left RBC mid-way through last year, has made a career change by taking on the role of chief executive of a ‘regtech’ business, Fourth Line. He joins Tony McDonald, a serial financial services entrepreneur and Fourth Line chairman, alongside several other well-healed directors.

Travers was the head of RBC Treasury & Investor Services for 10 years, overseeing Australia and New Zealand, and a former head of asset servicing for State Street in Australia and New Zealand, where he also spent almost 10 years. Before that he held senior roles at what became J.P. Morgan and the former Permanent Trustees.

Fourth Line is a ‘regtech’ (regulatory technology administration) company offering risk management and compliance systems for financial advice practices, dealer groups and other wealth management participants. The firm uses algorithmic approaches to simplify advice reviews for compliance teams to coach and develop “data driven insights from advanced analytics for advisor, practice/dealer group and industry benchmark comparisons”. It also offers centralised document storage and access for regulatory needs.

  • Travers, a former chair of the Australian Custodial Services Association, started on a contract basis with Fourth Line last year and became the firm’s managing director shortly before Christmas. Other Fourth Line directors are: Simon Quirk, a lawyer and other operations specialist, Mark Bland, another financial services lawyer, and Dan Hunter, an academic in computer science and law with a PhD from Cambridge University.

    – G.B.

    Investor Strategy News




    Print Article

    Related
    The good, the bad and the AI: Financial sheriffs take aim

    Regulators are on red alert as this technology spreads like wildfire, presenting increasing issues, risks and challenges for global financial markets.

    David Chaplin | 28th Mar 2025 | More
    Family offices warn of threat to critical investment decisions

    Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.

    Duncan Hughes | 7th Mar 2025 | More
    APRA’s governance move could trigger wholesale change

    If the regulator’s proposal to limit board tenure to 10 years takes effect, then many non-executive board members will be in the firing line, with industry funds likely to have the most casualties.

    Nicholas Way | 7th Mar 2025 | More
    Popular