Ex Head of Brexit appointed to head up financial crime practice at KPMG
KPMG has announced the appointment of Karen Briggs as UK head of its financial crime practice.
Karen is a forensic and regulatory specialist by background and has been with the firm for over 30 years, advising global regulated businesses in a number of sectors on complex international regulatory matters. Her experience ranges from leading anti-money laundering, sanctions and financial crime investigations, to the provision of financial crime advisory services covering fraud and financial crime risk strategy and operational efficiency improvement reviews, all with a large technology angle.
In her new role she will lead a large multidisciplinary team of KPMG advisers from the firm’s forensic, consulting, cyber, tax and legal practices, taking a holistic approach to help businesses mitigate the effects of financial crime, in particular those operating in the financial services sector. She will also take on the role of UK Chair for KPMG’s Forensic and Cyber practices, working with the business leaders in driving strategic direction and talent management.
Commenting on the appointment, Bill Michael, UK Chairman for KPMG, said:
“Criminals are using sophisticated technology to attack businesses, governments and financial institutions. Our experts are working closely with our clients to help them shore up their defences and protect their data and customers from these evolving threats.
“Karen’s in depth knowledge and experience of working across a range of forensic and regulatory disciplines means she is the ideal person to lead our financial crime practice and support our clients to identify and mitigate the risks of them being adversely impacted by financial crime.”
Karen Briggs, head of KPMG UK’s financial crime practice added:
“I am delighted to be returning to my roots in forensic at a time when financial crime against businesses is on the rise. Just as data is an increasingly valuable commodity to fraudsters, it is also being used in much broader financial crime prevention. Using our data teams, along with cyber and analytical skills and artificial intelligence, we can help clients achieve greater operational effectiveness, improve transaction monitoring systems and improve their financial crime costs and compliance.
“With much financial crime being conducted cross border, I am also looking forward to working with our global colleagues to help our larger clients understand their exposure and response to financial crime.”
Karen takes on her new role having just completed 18 months as UK Head of Brexit where she led a dedicated team of experts (Brexperts) to support clients in mitigating the risks and taking advantages of the opportunities that arise from Brexit. James Stewart, previously head of global infrastructure for KPMG, has been appointed UK Vice Chair and Head of Brexit at the firm.
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. 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.