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.