The British division of financial advisory firm KPMG has announced the appointment of Mary O’Connor to the role of Chief Risk Officer. She will also become a member of KPMG’s Executive Committee and its UK Board.
O’Connor, who joins from Willis Towers Watson, will oversee the firm’s risk management framework, including Quality and Risk Management and the Legal function.
At WTW, O’Connor led the client and business development function and the global financial institutions industry group. Prior to that, she served as a senior regulator in both the U.S and the UK, including as the Head of Approved Persons at the Financial Services Authority.
“Mary is a high calibre leader in her field and I am delighted to welcome her to KPMG,” commented Bill Michael, Chairman at KPMG UK.
“Like any professional services firm we are operating in a period of significant change, and the risks we are facing are evolving – from complex regulatory and geopolitical change to providing new technology based services for our clients.”
“Societal expectations of large businesses are also shifting, particularly for firms which have a public interest responsibility,” added Michael.
“It’s therefore essential that we continually invest in our risk management processes and procedures and seek fresh insights as to how risks are anticipated and managed.”
