KPMG has appointed a new director to its Asset and Wealth Management practice to support the growing demand from clients for transformation and compliance support.
Samantha Carruthers joins from EY where she was previously Associate Partner in their risk and regulation team focused on wealth and asset management. Prior to that she worked in the Enforcement and Financial Crime division of the Financial Services Authority (FSA) for seven years where she led high profile investigations into the conduct of both firms and senior management.
At KPMG Samantha will focus on advising clients on regulatory change including the senior manager and certification regime. She will work closely with Bill Packman, head of KPMGs asset and wealth management consultancy practice, and Mike Walters, Head of Financial Risk Management, KPMG UK.
Bill Packman, Head of Wealth and Asset Management Consultancy, KPMG UK, comments: “Having joined the team just last year I’ve been amazed at the scale and pace with which we’re working and growing. We are helping businesses gain competitive advantage during a time of unprecedented change. Samantha’s experience and expertise will help us ensure every piece of advice we give is scrutinised from a risk perspective. Everyone is fully aware of the opportunities at stake, and Samantha will play a key role in making sure our clients are also managing the risks.”
Commenting on her appointment Samantha Carruthers, Director KPMG, said: “The continued focus on regulation and compliance in financial services means that demand for expertise is greater than ever. I’m excited about joining KPMG’s growing team, building on the strong reputation they already have in this field. I look forward to using my industry experience to help clients’ address their regulatory concerns and to support them at this crucial time for financial services.”
Mike Walters, Head of Financial Risk Management, KPMG UK said: “Clients are asking for our help, not only with the complex regulatory landscape, but also with their need to transform their risk management capability. Samantha’s experience and judgement, notably within the financial services sector, will be a valuable asset for our clients and our team, which continues to expand.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 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.