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Shein Mithani

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Shein Mithani

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Name

Shein Mithani

Your Country

United Arab Emirates

Company

Ad Astra Consulting

Position

Founder

Gender

Female

Core Industries

Financial Services

Experience

Shein is a qualified ACCA finance professional with over 20 years of experience in financial management, regulatory compliance, and strategic advisory across the financial services sector in London and internationally.

She began her career in finance roles at leading private equity firms, including KKR and Bridgepoint, before progressing to senior positions at institutions such as RBC Brewin Dolphin and TP ICAP. Over the years, Shein has led regulatory reporting functions across multiple jurisdictions, including the UK, US, Europe, Hong Kong, and the UAE.

Notably, she played a pivotal role in the in-house implementation of the FCA’s Investment Firms Prudential Regime (IFPR), securing the industry’s first regulatory waiver under the new framework through proactive and collaborative engagement with the FCA.

Based in the UAE, Shein combines international regulatory expertise with local market insight. Recognised for her commitment to financial oversight, operational excellence, and governance. Shein is known for building trusted partnerships that enhance compliance and enable sustainable growth.

Board positions:

-Available upon request-

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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