Suresh Kanwar has been promoted to head up Deloitte’s UK financial services wing. He additionally joins the chief committee, having first joined the agency 9 years in the past.
Deloitte’s UK CEO Richard Houston stated of Kanwar, “His experience in delivering giant scale world transformation initiatives and important understanding of the financial services trade will guarantee we are able to finest help our purchasers to reply to a fancy and evolving market.”
Kanwar joined the consultancy in 2016, and beforehand led the audit and consultancy behemoth’s banking and capital markets workforce. His new function makes him one of many 13 most senior figures at Deloitte, changing Richard Hammell, who’s now answerable for Deloitte’s purchasers and markets services, having held the highest job in its finance business for 5 years.
However Kanwar inherits the function at a troublesome time. As Deloitte appears scale back overheads it accrued throughout a profitable pandemic, its 27,000-strong UK workforce faces roughly 800 redundancies, or 3% of its native workforce. Amid this, its financial services business has itself suffered from flatlining revenues.
Trying forward, nonetheless, Houston added that Kanwar’s expertise would make him “unbelievable chief” and a “welcome addition” to the UK government committee.
Talking on his new problem, Kanwar himself stated, “I’m thrilled to be main Deloitte’s financial services follow within the UK. In an ever-changing financial, regulatory and technological setting, our purchasers count on us to frequently evolve our providing to meet their wants. I’m trying ahead to taking over this problem and bringing our market-leading experience to them.”
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