KPMG focus on wealth and insurance
KPMG Australia has created a specialist Insurance and Wealth Management strategy practice within its Global Strategy Group and has appointed former AXA senior executive, Tim Thomas, to head up the initiative.
It said Thomas was joining from Prudential Financial in the US where he was a Regional Vice-President running Strategy and Corporate Development for the company’s Asia-Pacific operations where he had a remit to help mature businesses find new avenues of growth through refreshed advice-based distribution models and partnerships.
Thomas will be joined in the new KPMG Australia practice, by Maurice van den Heuval who has moved from the company’s Netherlands’ insurance strategy practice.
Commenting on the move, Thomas said the Australian insurance and wealth management market was going through an unprecedented period of change, in client expectations, political and regulatory pressure, M&A, and technological advancement.
“Firms in Australia are increasingly looking to global experiences and non-traditional capabilities to build sustainability into their business models,” he said.
“My team will be committed to helping insurance and wealth executives guide the industry through the current political and market uncertainties, and make bold leadership decisions that strengthen performance whilst positioning for longer-term success,” Thomas said.
AUTHOR
Mike Taylor
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
