KPMG is pleased to announce the appointment of Paul Howes as Head of Wealth Management.
Paul, who was previously head of KPMG’s superannuation practice, will now cover the whole range of asset management and investment portfolios.
He will oversee KPMG’s firm-wide services in the Wealth space including super, funds management, private equity and retirement products.
Paul replaces John Teer who will shortly take up a new appointment as Chief Operating Officer for KPMG’s Asia-Pacific region.
Paul Howes said: “The Australian Wealth Management industry is continuing to undergo significant transformation and growth, with our national superannuation savings pool now exceeding $2.3 trillion.
I believe we are entering a new era in wealth management. The economic outlook is still positive, the sector is growing, and while regulatory change and compliance remains an ongoing issue, the industry’s focus will shift to consolidation and innovation.
Fund managers, superannuation funds, wealth service providers and private equity firms are increasingly turning to KPMG for support in navigating the many challenges that the sector faces.
We will be continuing to recruit quality individuals to add to our strength across the sector, and will be shortly unveiling a new suite of client services”.
Paul takes on these new Wealth sector responsibilities from today, September 1, in addition to his recent appointment as Partner in Charge of KPMG’s new Customer, Brand & Marketing Advisory practice.
Senior Communications Manager, KPMG
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