Former Tory MEP for Wales Kay Swinburne has been appointed vice chair of financial services for professional advisory firm KPMG in the UK.
Ms Swinburne will take up her new role on July 1, that will see her chairing the Big Four professional advisory firm's risk and regulatory insight centre, which provides experts on risk and regulation.
She will work closely with its head of financial services, Karim Haji.
During her 10 years in the European Parliament she served as vice chair of the influential Economics and Monetary Affairs Committee.
She also played a pivotal role in shaping EU and global financial services legislation, including setting up the EU supervisory bodies (ESAs, SSM, SRM), capital markets union (EMIR, MiFID II, Prospectus, CCP Recovery & Resolution), and the broader banking union files.
Chairman of KPMG UK, Bill Michael said: “I’m delighted that Kay is joining KPMG at a critical time for our firm, our profession and for the United Kingdom.
"Her wealth of experience and knowledge will be invaluable to our clients, and Kay’s arrival underscores our commitment to attracting the very best talent from across the market.”
Ms Swinburne said: "The financial services regulatory insights centre has a great reputation for its ability to recognise and anticipate the changing nature of regulation.
"The future will not be about technical rules based regulation, but about demonstrating that a firm acts within the best interests of society, the environment and the economy.
"The team at KPMG recognises that the corporate world has to work harder to demonstrate its value and I am excited to be taking up a strategic role at the firm to help shape and define that value.”
Mr Haji said: "Kay brings a wealth of expertise to our firm, we are thrilled to welcome her. She has a unique blend of practical experience, both of working within financial services and in setting financial services legislation.
"The understanding, insights and challenge Kay can bring to our firm and clients is second to none. Kay’s appointment reflects the firm’s commitment to bringing the best talent to our clients.”
