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.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars