Nick Ephgrave's First Year As SFO Director

Nick Ephgrave QPM, the Director of the Serious Fraud Office ("SFO"), recently marked the end of his first year in office. Ephgrave has brought a renewed energy, sense of purpose and proactive approach to the SFO, opening six new investigations, improving staffing levels and significantly increasing the number of dawn raids and arrests. He has demonstrated ambition and innovation as he seeks to improve the culture, performance and reputation of an agency that has faced more or less continuous criticism since its establishment in 1988. However, as with all previous Directors, Ephgrave's ability to truly transform the SFO over the remainder of his tenure remains hamstrung by the perennial issue of limited funding.