Will Basnett and Richard Street join Novatus Advisory

Novatus Advisory has bolstered its leadership team with the appointment of two senior hires. Between them, Will Basnett and Richard Street bring more than 45 years of experience to the firm.

Andrew Hedley, Partner and co-founder of Novatus, commented, “We are thrilled to add Will and Richard to the team. Both bring unique strengths and wealth of experience to the business to support our expanding team, and allow Novatus to continue delivering the best results for our clients. It is incredibly exciting to see the trajectory for Novatus, across both the advisory and RegTech divisions of our business.”

Novartus was founded by Hedley and fellow Partner and co-founder, Matthew Ranson. The London firm has been on a rapid growth journey in recent years – something which has accelerated since it received a landmark investment from Maven Capital in 2022. Since then, Novatus has doubled its headcount and plans to repeat this in 2023, as it adds delivery capacity and expertise to the team.

Will Basnett joining the firm as a Partner will be key in helping to drive this push for growth. Arriving as Head of Advisory, Basnett will lead the consultancy practice – bringing over 15 years of experience delivering transformational change for clients across the financial services industry. He has also accrued invaluable knowhow in building high performing consulting teams – most recently at Alpha Financial Markets Consulting and previously Elixirr, IBM and KPMG. Looking ahead, his focus will be to build out the existing advisory practice, scaling the service offering in line with industry change and client demand.

Richard Street will similarly work to supercharge Novatus’ growth efforts, joining as a Partner and Chief Revenue Officer for the firm’s RegTech division. With over three decades of experience in financial services at Citi and RBC Investor & Treasury Service, he brings significant experience of setting strategy, delivering business growth and leading client sales teams. He will now be tasked with growing Novatus Advisory's RegTech business, driving the Transaction Reporting Analysis Tool – the which facilitates complete regulatory compliance for transaction reporting – into the industry.

Also commenting on the news, co-founder Matthew Ranson added, “The past year has seen Novatus go from strength to strength, and I am delighted to see our business evolve. Our partnership with Maven and influx of skills to the team will enable the continued growth and evolution of the company. Our ambition is to be the market leading advisory and RegTech firm.”