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Sanjay Bhandari and Magnus Falk join the SFO as Non-Executive Directors

22 July, 2019 | News Releases

The Serious Fraud Office has appointed Sanjay Bhandari and Magnus Falk to join its Board as non-executive directors. Both were appointed following an open competition and join recently-appointed non executives Emir Feisal and Martin Spencer.  Ruth Evans and Tony Osbaldiston stand down from the SFO Board this summer.

Director of the SFO Lisa Osofsky said:

“I welcome Sanjay and Magnus to the SFO.  Like our other non-executive directors, both have deeply impressive experience in areas which are critical for us, notably exploitation of technological innovation and support for a meaningful inclusion agenda. I very much look forward to working closely with them.

“I would also like to pay tribute to Ruth Evans and Tony Osbaldiston who have contributed so much during their tenures on our Board.”

Sanjay Bhandari has had a 29 year career in professional services. He spent the first 15 years of his career as a lawyer specialising in fraud and white collar crime at Herbert Smith Freehills and Baker McKenzie. He then had a number of leadership roles in forensic technology, compliance and innovation at KPMG and EY, where he was a Partner for 12 years before recently taking up a portfolio career as an independent board member, adviser and charity trustee.

Sanjay is also an active and recognised leader of Equality, Diversity and Inclusion strategies. He is a member of the government sponsored Parker review on ethnicity on UK Boards and is a member of the Premier League’s Equality Standard Independent Panel.  

Sanjay Bhandari said:

“I am delighted to join the Board of the SFO as an independent non-executive, and am looking forward to supporting Lisa Osofsky and her team. This is a particularly interesting time in the fight against fraud with the emergence of new technologies which represent both a threat and an opportunity for law enforcement.”

Magnus Falk is a senior adviser to the Financial Conduct Authority.  He spent most of his career developing ways to exploit technology to improve business performance, first at Accenture and later at Credit Suisse, where his last role was Managing Director and Chief Information Officer for EMEA countries. He served as deputy Chief Technology Officer to the UK Government in 2014-15. 

Magnus Falk said:

I am delighted to be joining the SFO’s board at a time when protecting the reputation of the UK as a safe place to business has never been more important.  I look forward to working with the Director and her team to further exploit technology in the fight against crime.”

Notes to editors:                                             

  1. Sanjay Bhandari and Magnus Falk took up their roles at the SFO this month.
  2. Emir Feisal and Martin Spencer joined earlier this year. The press release announcing their appointment is here.