Nine out of 10 IT security specialists at banks, financial institutions and energy-related firms would rather report to a chief risk officer than a finance director.
‘IT wants a friendly face on the board to fight its corner rather than someone who says: “That’s a lot of money, what sort of return can I expect”,’ said David Howorth, business development director at Defcom, the information security services provider that carried out the study.
‘The CRO would not be compromised by having to deliver to tough financial performance targets or talk up the investment story,’ he said. ‘This development would ensure that operational risk, including IT security, gets the increased attention it deserves at board level.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016