KPMG promotes consultant to lead Financial Services arm
The leader of KPMG’s management consulting services portfolio to financial service clients, Daniel Knoll, has been promoted to nationwide head of Financial Services.
Knoll brings 25 years of experience in the banking and consulting industries to the top role of the industry group. He joined KPMG in 2011, and has since held a string of roles with growing seniority. Most recently, he led KPMG’s Financial Services Management Consulting wing, a role he ascended to after heading the firm’s Retail Banking arm for a number of years.
In his new role, Knoll now assumes overall responsibility for KPMG’s entire financial services portfolio, spanning audit, tax, consulting and financial advisory services to banking, insurance, wealth management, superannuation, real estate and private equity clients.
The financial services industry is one of KPMG’s most important sectors in Australia, and in its latest financial year, the industry group was “one of the key contributors to strong performance,” said KPMG’s chief executive officer Gary Wingrove in a statement last month. Overall, the Big Four accounting and consulting firm grew its revenues by 9% to $1.8 billion.
Speaking of the firm’s work in the industry, Knoll said: “The financial services industry is undergoing a huge amount of change and transformation. We are supporting our clients post-Royal Commission with enhancing their risk and compliance processes and remediate customers quickly and accurately.”
Other services KPMG provides to the financial services industry include strategy & business model design, target operating model optmiation, mergers & acquisition, customer excellence, working in partnerships & alliances, FinTech, InsurTech and RegTech, digital transformation and innovation, as well as a range of industry specific services by segment.
Knoll himself focuses on the delivery of large-scale transformation projects, distribution strategy, market entry, digital disruption, product design and development, merger integration and business performance improvement. Prior to joining KPMG, he led Barclays Group’s Retail and Business Banking businesses in Western Europe, and Citigroup’s Retail Distribution functions across Europe, the Middle East and Africa. Before that, he worked for banking institution Westpac and PwC in Sydney and New York.
