Nick Matthews is a managing director for the Disputes and Investigations practice. His practice is focused on providing forensic accounting, litigation support and liquidation experience, with an emphasis on onshore and offshore financial services clients.
Based in London, Nick has 20 years of experience leading significant international projects, involving teams in the UK, Europe, Caribbean and the USA. A particular focus of Nick’s work has been the offshore financial services sector. Nick also extensive experience providing financial crime advisory services, including anti-money laundering and anti-bribery and corruption.
Between 2008 and 2010, Nick managed the firm’s Cayman Islands practice. While in the Cayman Islands, Nick was appointed Official Liquidator over a number of collapsed investment vehicles, including "feeder" funds into the Madoff Ponzi Scheme and a member of the Saad group of companies implicated in allegations of massive fraud against the Saudi Algosaibi group.
Nick joined Duff & Phelps in 2015 following the acquisition of Kinetic Partners, where he had been a partner since 2006, Previously, Nick was a principal at a Big Four firm in London.
Nick earned a BSc.Econ (Hons.) in American Studies and Social History from the University of Wales, Swansea. He is a Chartered Accountant.
Fraud, Financial Crime, Corruption and other Investigations
- Investigated the FX desk of an asset management firm regarding unauthorised trading, including detailed transaction review, interviewing staff and reporting to the FSA.
- Investigated transaction reporting failures by a US investment bank, including detailed review of transaction records and reporting to the FSA.
- Reviewed the governance, systems and controls in a division of a global financial services firm, including document review, interviewing members of staff and reporting to management and the FSA.
- Managed a global, 18 month AML project with approximately 100 staff located in London, New York, Sydney and Hong Kong.
- Managed a team drawn from seven countries investigating 11 Swiss banks in relation to their treatment of dormant assets deposited by victims of Nazi persecution.
- Managed global team in FCPA investigation involving 22 jurisdictions, including review of accounting transactions, interviews with staff and reporting to attorneys and Department of Justice.
- Other investigations: including a UK telecoms provider, lighting manufacturer, German photographic firm, and a UK shipping agent.
- Court-appointed liquidator of various Cayman Islands investment vehicles which collapsed in the 2008-9 financial downturn. Appointments included a number of Madoff “feeder” funds and a member of the Saad group. Work included realisation of assets and engagement in litigation in the Cayman Islands, USA, UK and other jurisdictions.
- Investigated the affairs of the Saudi and Cayman entities involved in the AHAB v SICL matter before the Cayman Islands court.
- Assisted global fund administrators and fund directors facing liquidators’ allegations of negligence following the fraud-related collapses of major US hedge funds.
- Provided expert report on quantum in a $100M dispute between an investor and investment manager concerning leveraged investment returns.
- Numerous other offshore fund and trust disputes – industry expertise, litigation support and forensic accounting. Issues have included shareholder and redemption rights, directors’ obligations, investment manager duties, fund administrator responsibilities and service provider fee structures.
Other Disputes and Litigation
- Led a team of forensic accountants investigating the affairs of the Bank in the UK and Singapore, responding to allegations and matters raised by opposing experts, drafting reports and briefing counsel in court.
- Assisted an overseas government in its claim against the UK government following the termination of a contract for military materials.
- Fellow of the Institute of Chartered Accountants in England and Wales
- Econ (Hons.) in American Studies and Social History, University of Wales, Swansea, 1990
- Fraud Investigations
- Commercial Disputes
- Forensic Accounting
- Financial Crime
- Regulatory Investigations
- Offshore Fund Disputes
- Bankruptcy Disputes
- Asset Tracing