KPMG has hired Neil Macdonald as a Managing Director in its Asset Management practice.
Neil’s role at KPMG is newly created to bolster the teams’ ability to support clients as they navigate the myriad challenges facing the global asset management sector. He will be based in London and report into Tim West, Partner and Head of the Asset Management Consulting team. Neil previously held senior roles at JP Morgan Asset Management, BlackRock and Barclays Global Investors, and will now focus on developing a number of KPMG’s major global accounts.
Commenting on the appointment, Tim West, Head of Asset Management Consulting, KPMG said: “The asset management sector is firmly under the spotlight of regulators and consumers alike. We are seeing an increasing number of clients reconsider their offerings as technology, regulation and Brexit cause them to reconsider existing business models. Neil joins KPMG with an acute appreciation of the challenges global asset managers face, and a clear vision for how firms can set about capitalising on this period of change.”
Neil Macdonald added, “Being a senior leader within a global asset management firm has never been more challenging. Whether it’s pressure from clients to more clearly demonstrate value for money, the increasing demand for a highly personalised client experience, or uncertainty about the geopolitical climate; there are no shortage of issues to deal with.
“KPMG has a broad range of industry expertise, which has helped our team form a clear understanding of what it will take to be a successful asset management firm over the challenging years ahead. I look forward to working with colleagues and clients around the globe to implement the changes that will help secure future success.”
For media enquiries, please contact:
Christina Bridge, KPMG Corporate Communications
M: 07789 504905
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. 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.