Andrew Douglas Appointed Chair of TaxTec’s New Strategic Advisory Group

In a move aimed at bolstering its leadership in digital tax recovery, TaxTec has announced the appointment of Andrew Douglas as Chair of its newly established Strategic Advisory Group. The group will be composed of senior leaders from across the institutional financial services sector, providing strategic direction as the company continues to expand its AI-driven tax reclamation platform.

Douglas brings 35 years of experience in the financial services industry, with a focus on post-trade processes. He currently leads the UK Accelerated Settlement taskforce, overseeing the nation’s transition to a T+1 settlement cycle. Prior to this, he held a prominent role at the Depository Trust & Clearing Corporation (DTCC), where he served as head of regulatory affairs outside the U.S. and CEO of the company’s Derivatives Trade Repository in Europe. Douglas also chaired the Data Standards Committee for the Bank of England’s ‘Transforming Data Collection’ initiative until earlier this year.

His expertise in settlement, post-trade operations, and regulatory affairs positions him as a key figure in TaxTec’s ongoing development. The company, founded in 2023, aims to revolutionize tax recovery for institutional investors through its AI-enabled digital platform. The appointment of Douglas is seen as a strategic step forward in advancing the company’s mission.

“Andrew’s depth of knowledge and leadership experience are invaluable assets as we continue to grow,” said Stephen Everard, Founder and CEO of TaxTec. “His understanding of the regulatory landscape and post-trade challenges will be crucial in guiding our next phase of innovation.”

Douglas expressed enthusiasm about the new role, stating, “I’m pleased to join TaxTec at this pivotal time. I look forward to working alongside the team and contributing to the development of solutions that will transform tax recovery processes for institutional investors.”

As Chair, Douglas will collaborate with TaxTec’s senior management, offering guidance on product development, regulatory strategies, and fostering partnerships within the industry.