General Insurance Article - Deloitte's financial services announces senior appointments


Deloitte, the business advisory firm, has named senior partner, James O’Riordan, as leader of its financial services practice. Also appointed to the firm’s financial services executive group are David Myers, David Rush and Neil Tomlinson, as respective heads of capital markets, insurance and banking.

     
  1.   James O’Riordan named leader of Deloitte’s financial services business;
  2.  
  3.   David Myers, David Rush and Neil Tomlinson appointed capital markets, insurance and banking leaders.They join Mark Ward, who continues his role as investment management leader.
 Previously Deloitte UK’s head of insurance and the co-head of the firm’s EMEA insurance practice, James brings over 20 years’ financial services experience gained from working with insurers, bank assurers and retail banks. His specific skills are in the middle and back office of insurance and banking operations and IT and insurance business strategy.
  
 David Myers is Deloitte UK’s head of capital markets. With more than 25 years’ global experience, he is an expert in the areas of trading, exchanges, clearing houses and central depository systems, as well as investment bank operations including clearing, prime brokerage and collateral management.
  
 Senior audit partner, David Rush, becomes the new head of insurance at Deloitte and co-head for the firm’s EMEA insurance group. David, who joined Deloitte in London from the firm’s office in Sydney in 1990, has served as lead audit partner for many of Deloitte’s larger and listed client relationships. He also has considerable experience in assisting clients on mergers and acquisitions and regulatory issues.
  
 Taking on the role of head of banking is Neil Tomlinson, a senior partner and member of Deloitte’s financial services executive and the EMEA financial services industry consulting leadership team. Neil is a former senior executive of NatWest and specialises in strategy and business transformation, with expertise across the banking sector including corporate and SME financial services, wealth management, personal and retail banking.
  
 James O’Riordan said: “The financial services industry has faced numerous challenges in recent years, spanning technology disruption to increased regulation. As new start-ups look to take on established banks and insurers, we’re seeing much greater competition.
  
 “Our team is well equipped and experienced in addressing these challenges. We are Deloitte’s largest and fastest growing industry sector, covering banking, capital markets, insurance and investment management. We have ambitious plans to grow our business, and I am confident we can achieve this goal.”

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