PwC appoints new UK and global banking and capital markets leaders
PwC has appointed Simon Hunt as its new UK banking and capital markets leader. Kevin Burrowes, who remains the UK firm’s financial services leader, has additionally been appointed as global banking and capital markets leader across the PwC international network.
For the past two years Simon has been the chief operating officer for PwC’s UK financial services practice and a member of its financial services leadership team. Throughout Simon’s 18 year career at PwC, he has specialised in banking audits and related advisory projects. His advisory work has included leading regulatory investigations, governance reviews and front office control-related projects. Simon also spent over five years on secondment to PwC Japan.
Kevin leads PwC’s UK financial services practice and has over 25 years’ experience in the financial services industry with extensive experience of leading and changing finance functions in investment banks. He re-joined PwC in 2009 from Credit Suisse where he was the EMEA head of finance for five years. On re-joining he led the global finance change programme for a global investment bank during an 18 month secondment. Prior to Credit Suisse Kevin worked at PwC and IBM.
Simon Hunt, UK banking and capital markets leader, said:
“I’m excited to be asked to lead our UK banking and capital markets practice at a time of significant change for the banking sector. The need to embed significant regulatory reform, to redefine business models and to drive a renewed focus on conduct presents both challenges and opportunities for the banks. Rapidly developing new technologies and increased competition from new entrants is also encouraging the UK banking sector to change and adapt.
“I look forward to working with our clients as we focus on advising them on these matters. Despite its recent challenges, the UK banking sector is hugely important to the UK economy and fundamental to our future economic success.”
Kevin Burrowes, UK financial services leader and global banking and capital markets leader, said:
“It’s an honour to be asked to lead our global banking and capital markets practice. This is a fantastic time to be at the heart of the global banking market and the pace of change is huge, with developments in areas such as payments, FinTech and the growth of the Asian banking sector, to name but a few.
“I also look forward to continuing my leadership of the UK firm’s financial services practice. The UK financial services sector continues to be a cornerstone of the UK’s economy and is also in a period of immense restructuring, change and innovation.”
Source: PwC
