KPMG has significantly strengthened the insurance team in Asia-Pacific with a number of recent senior recruits including three new actuarial partners based in Hong Kong. This reflects growing demand from clients and KPMG’s continued commitment to building a market-leading insurance consulting practice.
The expanded actuarial and risk management practice supports KPMG clients on a broad range of services including transaction support, insurance accounting and regulatory change, finance and projection system transformation, risk and capital management and audit support.
Paul Melody will lead the actuarial services practice for China and Asia Pacific. He was formerly a managing director with Willis Towers Watson’s life insurance consulting business in Asia. Paul has 30 years’ experience, the last eight of which have been in Asia. In his last role prior to joining KPMG, Paul was responsible for business development and delivery of client services across the region.
Michael van Vuuren has worked in the industry for 15 years and joins from EY London where he was most recently an insurance advisory partner within the life actuarial practice. Michael was responsible for the EY UK firm’s finance, risk and actuarial client services and led the insurance enterprise risk management services team. He brings a wealth of European and international experience working with multinationals and large local players.
Marco Warmelink joins from Willis Towers Watson’s life insurance consulting business in Asia. Marco has 20 years of industry experience with over 12 years in Asia. He was a regional director focussed on financial reporting, financial modelling, due diligence and risk management. Marco also held several senior insurance executive roles, including Chief Risk Officer for the Hong Kong unit of a multinational insurer.
Paul says of the appointments: “It is an exciting time to be with KPMG in Asia, as we look to further build our insurance advisory business. The ever-changing regulatory environment is challenging insurers across the region to innovate and transform their operating models and we are helping clients to navigate these changes and understand how to measure and manage risk, capital and value, and optimize business performance, in this new environment.”
Paul, Michael and Marco will work closely with Estella Chiu, Fei Fei Zhang and Bo Huang to expand KPMG’s insurance advisory footprint across Greater China. Estella is a senior partner of the actuarial services practice for China and Asia Pacific, based in Hong Kong. Fei Fei is a partner based in Shanghai, and joined KPMG from Aviva UK, where he was Head of the Solvency II internal model programme. Bo is based in Beijing where he leads the actuarial team, with particular responsibility for developing the firm’s service offerings to general insurers.
Simon Donowho, Partner, ASPAC Head of Insurance, KPMG, says: “We are delighted to welcome Paul, Michael and Marco to the business. They have a wealth of industry knowledge and consulting experience to help serve our clients in a challenging commercial and regulatory environment.”
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KPMG China operates in 16 cities across China, with around 10,000 partners and staff in Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR. With a single management structure across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and regions, and have 174,000 people 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.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG China was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong office can trace its origins to 1945. This early commitment to the China market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in the Chinese member firm’s appointment by some of China’s most prestigious companies.