Deloitte hires ex-HSBC global head of IFRS as partner

Deloitte hires ex-HSBC global head of IFRS as partner

The Big Four firm has appointed former global head of IFRS at HSBC as a partner in the UK banking and capital markets team

Big Four firm Deloitte has appointed John Kent as a partner in the UK banking and capital markets team.

Kent’s new role as partner in the UK banking and capital markets team at Deloitte will see him co-lead the banking IFRS advisory practice.

The hire follows Deloitte’s recent appointment of Richard Kibble as partner in its financial services team.

Kent joins the company after six years as global head of IFRS in the asset and structured finance team at HSBC. He has 15 years’ experience of providing IFRS advice, specialising in financial instruments and structured transitions.

Prior to HSBC, Kent spent over 19 years as associate partner at KPMG UK. in addition to his IFRS expertise, he has the practical, regulatory, and commercial experience that comes with a client-facing banking role.

Rob Topley, head of banking audit at Deloitte, commented: “John is a terrific addition to our partnership and his leadership of our Financial Services Accounting Advisory Practice will enable us to provide ever greater support to major banks, insurers, and other financial services firms in applying and implementing complex changes in accounting.”

Kent said: “I look forward to joining a market leading firm with the breadth and depth of capabilities of Deloitte and using my banking experience to deliver IFRS advice and solutions that are relevant to our financial services clients.”

He added: “IFRS will continue to present challenges for banks and insurers – both directly as new accounting standards for financial instruments and insurance contracts take effect, and indirectly as the foundations for evolving regulatory capital and solvency requirements. I look forward to helping banks and insurers both implement the new IFRS rules and address the incremental capital effects of the new rules.”

Deloitte has had a successful year, despite suffering a cyber-attack in which hackers breached their email system. The firm saw annual revenues soar to a record of $38.8bn, making this their eighth consecutive year of growth in a row.

 

Resources & Whitepapers

How to optimise your compliance lifecycle

How to optimise your compliance lifecycle

2m
The new rules of accounting

The new rules of accounting

3m
5 ways internal productivity can boost your profitability

5 ways internal productivity can boost your profitability

3m
Crushing the Four Barriers to Growth

Crushing the Four Barriers to Growth

3m

Related Articles

The top UK accounting scandals of 2019

Big Four The top UK accounting scandals of 2019

1m Shannon Moyer
EY announces steady UK growth on the back of increased investment

Accounting Firms EY announces steady UK growth on the back of increased investment

2m Chris Jewers
Tax in 2020: A Q&A with Deloitte tax innovation experts - Part 1

Accounting Firms Tax in 2020: A Q&A with Deloitte tax innovation experts - Part 1

2m Chris Jewers
Can technology solve the audit crisis? Key takeaways from our latest podcast

Audit Can technology solve the audit crisis? Key takeaways from our latest podcast

2m Tom Lemmon
The Big Four commit to disability inclusion with The Valuable 500

Big Four The Big Four commit to disability inclusion with The Valuable 500

4m Shannon Moyer
PwC annual report shows increased demand due to uncertainty

Big Four PwC annual report shows increased demand due to uncertainty

4m Chris Jewers
Indian government wants market review of Big Four

Big Four Indian government wants market review of Big Four

6m Chris Jewers
Deloitte announces changes to its People & Purpose leadership team

Big Four Deloitte announces changes to its People & Purpose leadership team

7m Tom Lemmon