Raymond Doherty 20 Jun 2019 01:46pm

Kay Swinburne joins KPMG financial services team

Conservative MEP Kay Swinburne will chair KPMG’s risk and regulatory insight centre

Swinburne, who is set to leave her role in European Parliament this month, will also be vice chair of the Big Four firm’s financial services team. The politician, who has represented Wales in Europe for the past 10 years, will join KPMG on 1 July.

Swinburne played a key role in EU and global financial services legislation post-crash, including EMIR, MiFID II, CSDR and Banking Union files.

She has served on the European Parliament’s Economic and Monetary Affairs Committee, most recently as vice chair.

According to her official website Swinburne is a “strong proponent of competition and open markets, she has consistently defended the UK's financial institutions and pushed back against regulations that threaten to suffocate financial services or create an un-level playing field” and wants to keep red tape to “a minimum”.

Bill Michael, chairman of KPMG UK, said Swinburne’s “wealth of experience and knowledge will be invaluable to our clients”.

Commenting on her new role Swinburne said, “The financial services regulatory insights centre has a great reputation for its ability to recognise and anticipate the changing nature of regulation. The future will not be about technical rules based regulation, but about demonstrating that a firm acts within the best interests of society, the environment and the economy.

“The team at KPMG recognises that the corporate world has to work harder to demonstrate its value and I am excited to be taking up a strategic role at the firm to help shape and define that value.”

KPMG has had a turbulent couple of years over its involvement in the Carillion scandal and recent high-profile female departures over alleged bullying.