4 August 2017

KPMG expands asset management team with ex-JPMAM hire

Published by Investment Week – 4th Aug 2017

KPMG has appointed Neil Macdonald to the newly created role of managing director in its asset management practice, where he will be responsible for developing a number of the firm’s major global accounts.

Macdonald, who most recently served as a senior business manager at J.P. Morgan Asset Management, will be based in London and report to partner and head of the asset management consulting team Tim West.

West said: “The asset management sector is firmly under the spotlight of regulators and consumers alike.

“We are seeing an increasing number of clients reconsider their offerings as technology, regulation and Brexit cause them to reconsider existing business models.

“Neil joins KPMG with an acute appreciation of the challenges global asset managers face, and a clear vision for how firms can set about capitalising on this period of change.”

Before spending two years at JPMAM’s global investment management solutions unit, Macdonald was global chief administrative officer within the parent bank’s global institutional client group.

He also spent three years as chief operating officer of BlackRock’s global client group, focused on institutional clients in the EMEA region.

“Being a senior leader within a global asset management firm has never been more challenging,” Macdonald said.

“Whether it is pressure from clients to more clearly demonstrate value for money, the increasing demand for a highly personalised client experience, or uncertainty about the geopolitical climate; there are no shortage of issues to deal with.”