KPMG names financial services head

The global consulting firm has named a new leader for its financial services division.

KPMG financial services management consulting head Daniel Knoll has been promoted to national industry leader for financial services.

The role will see the former Barclays executive assume overall responsibility for the firm's wealth management, superannuation, insurance, banking, real estate and private equity advisory practices.

Knoll joined KPMG in 2011 after around four and half years at Barclays, where he most recently served as director of retail and business banking for Western Europe, after earlier heading up global distribution and core retail banking.

His time at the bank was preceded by a two year stint at Citi and three years at Westpac as head of its central program office and customer service.

Knoll noted the financial services industry was undergoing a "huge amount of change and transformation" and said his role would see him ensure the firm met the changing needs of its clients, drawing on its recent launch of a remediation centre to help clients deal with increased redress costs following the Royal Commission.

"As a firm we recognise that our clients are constantly looking for more from us, particularly when it comes to innovation, technology and risk management," he said.

He said he will strive to ensure KPMG continues to collaborate with its clients to find the right solutions to achieve sustainable growth, in an environment where all parts of the industry face profitability challenges and higher regulatory costs.

"The financial services industry has been a key contributor to KPMG's own strong performance - supporting our clients post-Royal Commission to enhance their risk and compliance processes and remediate customers quickly and accurately," he said.

"Last year we launched a remediation centre at Rhodes in Western Sydney to provide an efficient, high-quality service to help FS institutions in this respect."

Read more: KPMGBarclaysRoyal CommissionDaniel KnollCitiWestpac
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