KPMG has appointed back office specialist Bill Packman to join its UK wealth management team.
In his new role, Packman will work closely with Richard Clarke, head of wealth management, and Tim West, head of wealth and asset management consulting.
Packman will help firms with the transformational change that social, digital, and regulatory changes demand.
Prior to KPMG, Packman spent four years at Nutmeg as COO as head of risk and he led the firm’s operational transformation, which included insourcing of the middle and back office functions to help grow the tenfold.
Formerly, Packman was director of strategic reform at Australian bank Westpac and has held a number of senior roles at Barclays.
Clarke, commented: “Packman’s time at the forefront of the fintech revolution at Nutmeg, preceded by his time spent at established wealth managers and banks, means he has a comprehensive understanding of the challenges faced right across the investment ecosystem.”
Packman added: “I’ve joined KPMG as I see a huge opportunity for consulting to shape the evolution of the wealth management industry over the next five years.”
He continued: “Having previously worked with KPMG, I have seen at first-hand the depth and quality of its expertise.”
“Combined with its extensive network this provides a powerful capability to help investment businesses develop competitive advantage through increased agility.”
“I look forward to integrating my experience and knowledge with KPMG’s well established consultancy team.”
