KPMG appoints partner Matt Malone from HSBC to lead regulatory transformation for clients
Business advisory firm KPMG has announced the senior appointment of Matt Malone as Head of Regulatory-led Transformation.
Matt will bring our business consulting and technology capabilities together to help corporate clients face the rising tide of regulatory disruption and optimise mandatory change to align behind strategy and enhance business performance.
Prior to joining KPMG, Matt spent four years at HSBC where he led its customer and conduct transformation programme across the investment, commercial, retail and private banking arms. Matt has successfully led a number of major customer, regulation and culture transformations in the financial services industry and was previously the Director of Financial Services for KPMG Boxwood.
Matt Malone, Partner and Head of Regulatory-led Transformation at KPMG in the UK, said:
“Regulation has become a powerful disruptive driver which needs to be approached in the same way as digital change is now being embraced – as a force for positive innovation. Businesses that now embed effective risk management at the core of strategy, operating rhythm, technology and culture will be able to compete in a constantly changing environment.
“While a management mindset of regulation as a burden and ‘red tape’ exists, there is a danger of wasted spend on tactical fixes, which if insufficient, can lead to fines and brand damage. I look forward to working with the KPMG team to enable our clients to respond positively to regulation to unlock innovation and growth.”
Nigel Slater, Partner and UK Head of Corporates Consulting, said:
“Our corporate clients are facing an overlay of multiple regulations that creates complexity, inconsistent timetables and material financial and reputational risks for non-compliance. Data, systems, people, processes, behaviours and leadership are impacted to the extent that clients often need to transform to comply.
“Matt brings invaluable experience of managing complex transformation programmes to deliver long-lasting change. He also makes risk and regulation an engaging business solution and has an exceptional track record in the highly regulated environment of financial services which is increasingly important within our wider client base. Matt’s passion for making leadership and culture a pragmatic part of the answer is exciting, as we know this sits at the heart of responding to regulatory requirements.”
Notes to Editors:
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About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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