EY plans rapid expansion for NZ finance hub
EY has opened a financial services division in New Zealand to provide local clients with banking, wealth and asset management knowledge.
Led by EY New Zealand financial services leader, Paul Roberts, it had more than 100 staff and planned to expand rapidly.
This included experts in risk and regulation, technology, customer and growth and financial performance.
Roberts said: “Now more than ever, the financial services sector is facing an increasing challenging operating environment, with competition from new market entrants, higher levels of regulatory scrutiny and rapidly evolving customer demands. To remain relevant, financial services organisations need to embrace disruption and transform to become more digital, agile and automated.
EY Oceania financial services leader, Grant Peters said: “The launch of the EY New Zealand financial services practice is another example of our ongoing commitment to providing professional services and support to the financial services sector.
“In an environment increasingly categorised by rapid technological advancements, changing consumer behaviour and continued regulatory change, having a dedicated, multi-disciplinary team in place is critical in assisting financial services clients with the complex challenges they are facing”.
AUTHOR
Laura Dew
Recommended for you
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
Culture clashes and differing management styles are among the reasons why, recruiters tell Money Management, they see employees changing jobs post-M&A activity.
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
