Thentia is thrilled to announce the appointment of Rick Borges as Managing Director, Financial Regulation. As an integral addition to the organization’s team of knowledgeable regulatory subject matter experts, Borges will share expertise from both finance and banking regulation to assist customer and prospective clients as they examine, evaluate, and navigate Thentia’s platform in a way that allows them to have as much information as they require to be successful in their decision making. In addition, Borges will regularly contribute content and thought leadership to Ascend Magazine, the foremost publication for news, expert analysis, and critical insight on licensure, regulation and digital government, created by Thentia.
Borges brings more than a decade of invaluable experience working at large, complex regulatory organizations, including the U.K. Department of Health, the National Information Governance Board for Health and Social Care, in the Private Office of the Director General for the National Health Service Informatics, and in the Professional Standards Authority for Health and Social Care. With a Masters (LLM) and Graduate Diploma (GDL) in law, he also has knowledge of the legal profession and its regulation in the U.K.
Through his years of invaluable global regulatory experience, he has gained a deep, unparalleled knowledge of regulatory frameworks, systems, and regulators across several countries. Of note, in 2014 he advised the Ministry of Health in Hong Kong on behalf of the Professional Standards Authority, and in 2015, Borges led a review of the Personal Support Worker Registry in Ontario, Canada. In the same year, he also advised the Press Recognition Panel in the U.K., set up to ensure that self-regulators of the press met a particular set of standards on the practices, culture, and ethics of the British press. In 2017, he was part of the Regulatory Expert Group advising the UK Department of Health and the Department for Education in setting up Social Work England (the social work regulator in England).
“Thentia’s expertise in, and commitment to, modernizing the important work that regulators are doing across the globe really resonates with me. I’m thrilled to join Thentia’s team of extremely knowledgeable regulatory experts, and help the company deliver on this vision,” Borges says.
“Mr. Borges’ remarkable breadth of expertise in both financial and health care regulation makes him an invaluable asset to Thentia. His exceptional knowledge and experience will greatly enhance our capabilities and the level of expertise we deliver to the constituents we serve,” says Julian Cardarelli, Chief Executive Officer, Thentia.
“I am delighted to have Rick join Thentia and trust that his arrival will strengthen our capacity to support our customers by speaking their language – something that has always set us apart from our incumbents,” Cardarelli adds.
Prior to joining Thentia, Borges most recently worked as the Director of Strategy at the Financial Services Culture Board (FSCB) in the U.K. There, he held senior responsibility for the assessment of culture, behavior and competence in financial services firms and for the development of evidence-based good practice and data-driven insights in collaboration with firms, regulators, academics, trade and professional bodies and other stakeholders. The FSCB, formerly the Banking Standards Board, was created due to the financial crisis in 2008/9 as a self-regulatory industry initiative to improve standards. He worked there for seven years and thus has a thorough understanding of financial regulation.
Before that, Borges spent several years as a trustee of National Voices, a coalition of 200 health and care charities in England. In the final two years of his tenure, he chaired the Audit and Risk Committee and was the Treasurer of National Voices.
Borges is the latest addition to Thentia’s growing regulatory team. His appointment signals the company’s unique and deepening commitment to unparalleled regulatory expertise and aligns with its vision of enabling regulators to better safeguard the public with modern regulatory technology. He joins our existing regulatory SME team including Dr. Sheila Marchant-Short and Mr. Harry Cayton CBE.
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