Our executives are all full time, half are CIPFA qualified with local government finance experience and, consistent with our stated philosophy and approach, we have the lowest client to executive ratio of any established treasury management adviser to ensure that our clients will continue to receive a quality service that reflects their circumstances.
Mark is a founding Director of Arlingclose. He joined the Company in November 2004 and is responsible for strategy of the overall business as well as the key and distinctive themes that underpin client strategies.
He began his career at Suffolk County Council where he qualified with CIPFA in 1990. In 1992 he joined the Public Sector Team at UBS Phillips & Drew and embarked upon a career in treasury management consultancy. Mark was made a Director prior to joining Sector Treasury Services as its Director of Advisory Services in 1997.
In 2001, Mark joined Cazenove Fund Management as Head of Institutional Business Development and was responsible for developing its public sector business as well as international and investment consultant relationships. His role at Cazenove, working closely with the fund managers, gave him a valuable insight in the identification, monitoring and evaluation of risk.
Mark is a regular speaker on treasury management issues and is consulted on the topic by a wide range of bodies. In January 2009, Mark represented Arlingclose during the evidence gathering session of the Communities & Local Government Select Committee during its Inquiry into Local Authority Investments post-Iceland.
Mark is a founding Director of Arlingclose’s Treasury Advisory Services, joining the company in September 2004. During his time at Arlingclose, Mark has been responsible for formulating interest rate strategies, applying appropriate responses across client portfolios and formulating Arlingclose’s creditworthiness policy. As Director of Arlingclose, Mark is a key adviser to local and police authorities on their financial modelling, as well as on investment, debt and risk management strategies. Mark’s responsibilities involve overseeing client relationships and creating bespoke investment structures for clients based on risk appetite and preferences.
Mark began his financial career on the Sterling Inter-bank desk at money broker Tullett & Tokyo, gaining broad experience in UK fixed income products, swaps and other derivatives.
In 1997, Mark joined Integer Treasury Services, where he soon progressed to become a highly regarded and senior member of the Sector Treasury Services Team as Assistant Director. In his role as Assistant Director, Mark headed a team of four executives with responsibility for a large number of local authority clients throughout the UK. Mark’s interaction with a varied client base embraced a significant and diverse exposure to debt and investment portfolios.
Mark was instrumental in successfully developing the direct investment by local authorities in the Euro-Sterling bond investment market in 1999. Since then investments made in these bonds have grown towards £1 billion of stock.
Charles, a CPFA accountant, was a Director of Sector Group prior to its acquisition by The Capita Group. He was a co-founder of Sector in 1992 and was responsible for a number of innovative funding structures used by local authorities and universities to undertake major new capital investment. Since 1979 Charles has advised local authorities on capital financing and has arranged finance in excess of £2 billion for them. Along with Philip Clein, Charles has been a Director of Arlingclose specialising in advising local authorities on financing complex capital projects since 1993.
Before entering the city, Charles was an Assistant County Treasurer and had also been an advisor to the Secretary of State for the Environment on Local Government Finance. He is Chairman of a major Housing Association and is a Non-Executive Director of his local Primary Care Trust.
Philip has worked in the UK leasing market for more than 30 years. After working as a local authority money broker he joined Saturn Management and subsequently became its Chief Executive. Saturn progressed from being the leading local authority leasing advisor of its day to creating special purpose companies for nearly 100 local authorities.
With others, he founded Sector Group, which was subsequently acquired by The Capita Group in 1998. Philip has been a Director of Arlingclose since 1993 working with Charles Humphry in creating and managing special purpose companies for public sector bodies.
As Client Director at Arlingclose since April 2005, Phiroza's role embraces several aspects of treasury advice and support. This includes interacting with public sector Chief Financial Officers, treasury officers and Members to establish customised treasury strategies and reporting arrangements; advising on bespoke borrowing, rescheduling and investment opportunities; credit policies; and advice on compliance with the CIPFA Treasury Management Code, Prudential Code and Investment Guidance.
As a member of the Credit Group, Phiroza is instrumental in developing Arlingclose's creditworthiness policy, its application to clients’ lending lists and their monitoring and review. She is also a member of the Interest Rate Group which determines Arlingclose’s economic and interest rate outlook and the potential opportunities and risks for client treasury strategies. She participates as co-ordinator and trainer in the workshops and training sessions we hold for treasury officers. She also maintains contact with CLG, CIPFA, and fund managers.
Phiroza began her financial career as an early recruit at Integer Treasury Services in 1992. She joined Sector Treasury Services on its formation in October 1997, where she conducted the role of industry specialist on local government investment issues and counterparty policies. She provided the (then) ODPM with valuable input on their draft and final Guidance on Investments during the development of the Prudential Framework and played a key role thereafter in assisting local authorities in establishing individual investment strategies. During her time at Sector, Phiroza soon became a highly regarded and senior member of the Treasury Services team. In her position as Assistant Director, Phiroza was responsible for managing a diverse range of local government client relationships, as well as advising on debt, investment and credit strategies.
Mark joined Arlingclose as Client Director in October 2010.
A former Deputy S151 Officer, treasury management, capital financing and accounting practitioner he is a CIPFA qualified accountant with over 25 years of local government finance experience gained in a number of district councils in the South West.
For the last 10 years Mark has worked in treasury consultancy managing client relationships, undertaking technical accounting assignments and bringing many new and innovative products to the local authority market. He has also worked for the Audit Commission, where he had responsibility for many local authority and NHS audits and also gained extensive project management experience whilst on secondment to the Audit Commission central office in London.
At Arlingclose Mark is responsible for managing and maintaining client relationships, providing advice and support for officers and Members on all aspects of treasury policy, debt and investment strategies, MRP policy, compliance with the CIPFA Prudential and Treasury Management Codes and the accounting Code of Practice. He also provides accounting advice on treasury transactions for clients’ financial statements at the each financial year end.
Mark leads Arlingclose’s Technical Group and also advises on balance sheet reviews and projections, capital and technical accounting, including Housing related issues. He is also involved in Arlingclose’s technical and accounts closedown related workshops and is a member of the Debt Management Group.
As a key member of the Housing Options Group, he is responsible for the delivery of housing finance and delivery solutions bespoke to each client’s individual circumstance.
Mark is a member of CIPFA’s TIS Online advisory team for Capital and Investments and was a Case Study examiner.
Chris joined Arlingclose from Denbighshire County Council in 2005. He is a CIPFA qualified accountant with 30 years of local government finance experience with District, County and Unitary Councils. The majority of his experience has been in capital and technical accounting, including Housing issues.
He has brought to Arlingclose and its clients a wealth of relevant and practical experience. As Technical Consultant, Chris forms part of the Technical Group, assisting clients with a vast expanse of technical and accounting issues. This is delivered directly as well as through our programme of workshops.
Chris is Secretary of the Wales Cymru Branch of CIPFA.
David is responsible for assisting clients with treasury management strategy development and implementation, with a particular emphasis on debt management.
As well as assisting clients with funding decisions and debt restructuring he also provides advice on investment management and counterparty credit risk. David is a regular speaker at Arlingclose training sessions and workshops. He is also a member of the Housing Options Group at Arlingclose, responsible for supporting Housing Self Financing within Local Authorities.
David has been providing treasury management consultancy services to public sector clients since 1997. He has extensive experience of working with public sector organisations, assisting in the generation of significant treasury management savings, particularly with regard to debt rescheduling.
He was previously employed at Butlers Treasury Consultancy, where he managed a number of client accounts and was a regular speaker at training events and seminars on treasury management issues.
David has obtained the Certificate in International Treasury Management – Public Finance qualification, run in conjunction between CIPFA and the Association of Corporate Treasurers.
David joined Arlingclose as Client Director in October 2012. He brings a combination of public and private sector treasury and accounting experience to the team, and is a key member of the company’s Technical and Debt Management Groups. David’s expertise in financial analysis is particularly useful in assisting clients with their long-term planning as well as in the credit analysis of investment counterparties.
After gaining a PhD from Reading University, David worked as a Treasury Manager in the private sector for five years managing the cash flows and banking activities of a large business in the leisure industry. David joined West Sussex County Council as Treasury Manager in 2003, managing debt and investment portfolios totalling over £500 million for the County Council and the Police Authority.
After completing his CIPFA professional accountancy qualification, he was appointed Principal Accountant, and after a short spell in Children’s Services, moved back to Corporate Finance to oversee treasury management, capital finance, tax compliance, corporate budget monitoring and accounting system improvements.
David joined Sterling Consultancy Services as senior local government consultant in January 2008 and was promoted to Head of Consultancy in March 2011. During that time he advised clients on investment and debt management, capital finance and accounting, and wrote and delivered training courses to officers and elected members from over 100 local authorities.
In addition to his accountancy qualification, David holds the Association of Corporate Treasurers AMCT diploma and a Certificate in Investment Management. David is regularly invited to speak at external conferences and he blogs on treasury management issues on www.room151.co.uk.
Stephen has over 30 years’ experience in all aspects of leasing and capital financing. He has held senior positions in various global banking and financial institutions including Lombard, HSBC, GE Capital, De Lage Landen (Rabobank) and CIT. Stephen has also worked as a specialist public sector leasing / capital finance advisor and consultant with Sector Treasury Services, part of Capita Group plc, and with Dell EMEA advising and developing their European public sector financing of technology and ICT assets. Stephen has the Finance and Leasing Association diploma qualification; a BA in Business and holds an MBA from Manchester Business School.
Cecilie Booth joined Arlingclose as a Client Director in August 2016. Cecilie is a qualified CIPFA accountant and an experienced treasury management consultant who previously worked as a Director for Capita Asset Services since May 2006. Prior to then, Cecilie was the Chief Financial Officer with S151 responsibilities for Macclesfield Borough Council, and Head of Finance at Staffordshire Moorlands District Council.
Cecilie specialises in Housing Finance, and developed the Local Authority Mortgage Scheme (LAMS), which was launched in March 2011. Further housing schemes include OMSO (Open Market Shared Ownership) and BCB (Bespoke / New Build) Mortgages and a range of innovative options to address regeneration areas and long term empty properties.
Nicholas has been a member of Arlingclose since October 2012, having moved across following the acquisition of Sterling Consultancy Services, where he had worked as a Treasury Consultant since 2006. Prior to Sterling, he worked at both Gloucestershire and Lancashire County Councils, where he managed treasury portfolios totalling £600m. As an advisor to local authorities and other businesses since 2006, he has manoeuvred clients through the volatile market conditions, financial crises and regulatory/accounting changes since. He is noted for his client-focused work ethic, which has led to many long-standing relationships.
With an educational background in economics and financial markets, having graduated from the University of Durham in 2001, one of Nicholas’ responsibilities is the development of the team’s economic view and the production of forecasts and regular commentaries, analysis and reviews. He is also heavily involved in other areas of treasury management, such as investment and debt strategy, with a particular emphasis on risk analysis and management. Nicholas draws upon his experience advising clients across a range of sectors, from financial institutions to charities and public sector organisations, to provide well-rounded and informed advice to all clients.
Nicholas is an accomplished trainer, having written and delivered courses and seminars for a variety of officers and elected members/directors of local authorities, universities, charities and NHS Trusts.
Laura is a CPFA accountant whose role includes assisting clients with the formulation of their treasury strategies and the completion of their financial statements in compliance with the regulations, codes of practice and accounting standards. In addition she oversees a number of client relationships and is a member of the Credit Group.
Before joining Arlingclose in April 2013, Laura gained five years’ experience working as an accountant for the Metropolitan Police Service, where she gained her CIPFA professional accountancy qualification. Laura holds a BSc (Hons) in Physics from Imperial College, London.
Greg joined Arlingclose in February 2010 as Client Executive, having previously been an Assistant Economist at HM Treasury.
Greg’s role includes writing and co-ordinating economic updates for clients and he is part of the Credit and Interest Rate Groups, having key involvement in the development and delivery of credit advice and interest rate forecasts.
Greg is the primary contact on Money Market Funds and regularly meets with Fund Managers, Rating Agencies and other key industry participants. He presents on the principles of treasury management as part of Arlingclose’s workshop programme, attends client strategy meetings and supports several client relationships.
Greg also supports Arlingclose’s Leasing Advisory services, including assisting with the implementation of strategies, liaising with clients and lessors, facilitating the smooth running of tenders and providing operational assistance.
Greg graduated from the University of Surrey with a BSc (Hons) in Business Economics with Computing.
Stephen joined Arlingclose as an Assistant Client Director in May 2014.
Stephen provides advice on client banking including tendering processes, provider transitions, banking relationships and detailed service reviews. He is also a member of the technical team.
After beginning his career in Sales and Public Relations, Stephen spent five years at the London Borough of Hackney, gaining detailed and extensive experience in Treasury, Banking, Pensions and Accounting.
Stephen graduated from Balliol College, Oxford University with a BA (Hons) in Classical Archaeology and Ancient History.
Andrew joined the Arlingclose team in November 2011 as a Client Executive after graduating from the University of Nottingham with a BA (Hons) in Industrial Economics.
As a member of the credit team, Andrew is regularly involved in discussions relating to the analysis of financial counterparties for our approved lending list, along with their limits for investment exposure and duration. Having gained an insight into client strategies from the preparation of strategy packs for senior members of the team, Andrew is now assisting the client directors at officer strategy meetings, focusing on investment portfolio analysis, investment benchmarking and suggestions for alternative investment opportunities. Andrew also accompanies Greg Readings at regular meetings with the money market fund providers on our approved list and in responsible for constructing the quarterly Money Market Fund benchmarking analysis. Twice weekly, Andrew shares the responsibility of writing the review and preview commentaries which are sent out on Thursday and Friday respectively.
Andrew is now firmly involved in the tendering process for new business and maintaining existing clients. He also offers assistance to the office manager for operational duties in the day to day running of the company. During his first two years, Andrew was responsible for internal and external event organisation including workshop preparations, hotel bookings and client reservations.
Amar joined Arlingclose in February 2014 as a Client Executive after graduating from the University of Portsmouth with a BSc (Hons) in Mathematics for Finance and Management. Amar also holds a Level 3 CISI Certificate in Securities.
Amar’s primary role involves supporting client relationships through attending strategy meetings and maintaining regular contact with officers to assist with day to day treasury decisions.
As a member of the credit team, she is also responsible for reviewing financial counterparties on an ongoing basis and approving these institutions for our lending list with both duration and monetary limits. Amar’s key responsibilities also include the analysis of non-financial corporate bonds and covered bonds. This involves approving individual counterparties as well as advising on particular investments.
Amar is also responsible for managing the investment benchmarking including its timely delivery.
Max graduated from the University of Newcastle in 2013 with a BSc (Hons) in Economics. Having left University, Max spent just over eighteen months working within the Executive Search industry where his specialist area was Wealth and Asset Management. Max joined Arlingclose in January 2015 as a Client Executive.
Max’s responsibilities include recording and updating clients’ debt and investment portfolios and also in the development and formulation of credit and Economic advice.
As a member of the credit team, Max is regularly involved in discussions relating to the analysis of financial counterparties for our approved lending list, along with their limits for investment exposure and duration.
Max is also regularly involved in the completion of treasury and leasing advisory tender documentation for new and existing clients.
Robina graduated from the University of Leeds in 2015 with a BSc (Hons) in Mathematics with Finance, before joining Arlingclose in July 2015 as a Client Executive.
She completed the CISI Capital Markets Programme in May 2016 and the CFA Investment Management Certificate in March 2017.
Robina's day to day responsibilities include supporting client relationships through attending strategy meetings and preparing the analysis prior to this, producing credit alerts and responding to client queries.
Within the credit team, Robina is involved with money market funds and cash plus funds. She regularly attends meetings with the fund managers and assists in coordinating the monthly fund updates.
As a member of the corporate bond team, Robina is involved with analysing potential counterparties and advising on both duration and monetary exposure.
Other responsibilities include overseeing quarterly benchmarking of client investment portfolios and Money Market Funds.
Stuart joined Arlingclose in October 2016 as a Client Executive after graduating from Swansea University in 2016 with an MSc in Financial Management, and having completed a BSc in Economics in 2015.
Stuart’s role includes maintaining client investment and debt profiles in preparation for strategy meetings, and preparing economic and credit updates for distribution to clients.
As a member of the Systems team, Stuart maintains and develops the Treasury Management System that Arlingclose is pioneering. This has involved development of a system that balances investment logging, cash management and forecasting and reporting for client use.
Other responsibilities include investment appraisals for clients, quarterly investment benchmarking and attending meetings and workshops for maintaining client use of the Treasury Management System.
Philip has supported the Arlingclose team since October 2008. He is responsible for managing and supervising the company’s administrative activities and for the project management of events hosted by Arlingclose.