Mazars has appointed three new partners to compete with the Big Four in the
banking and insurance markets.
The firm, number 12 in the UK, has recruitment three actuaries to beef up its
audit work in financial services and offer separate consultancy.
David Herbinet, a UK board member at Mazars, said the appointments were
partly intended to challenge perceptions that only the Big Four could offer
advice in the sector.
“If we want to be even more credible in banking and insurance we need to
enhance our capability. It’s a critical component of what we do.”
He added: “There are big changes under way. I think we will see an increase
in complexity for these products [in banking and insurance] and you need people
who understand them and can offer advice.”
The three new partners are Peter Gatenby, a member of the council of the
Institute of Acutaries; Adam Brunskill, who has worked at Lloyds of London and
was chief actuary at Munich Re; and Dale Lee who was formerly part of the
executive management team at Allianz.
Mazars sess the appointments as the first step in a much larger investment
Herbinet said: “Mazars remains very serious about offering large companies a
credible alternative to the Big Four, and there is no doubt that the financial
services market is a key battleground. This growth strategy acknowledges that
for a number of stakeholders involved in the competition and choice debate,
strength in the sector is an important factor in promoting positive opinions
regarding the capabilities of non-Big Four firms.”
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