Kay Swinburne, one of the authors for the European Union’s MiFID regulations, is set to join audit firm KPMG in the UK.
She joins KPMG to chair its risk and regulatory insight centre (RRIC) division, and work closely with Karim Haji, head of financial services, advising his leadership team and supporting board, and C-suite level client relationships.
“Her wealth of experience and knowledge will be invaluable to our clients, and Kay’s arrival underscores our commitment to attracting the very best talent from across the market,” said Bill Michael, chairman, KPMG UK.
During her time as a member of European Parliament, she was one of the lead designers for the EU’s post-financial crisis rules on trading and clearing, including EMIR, MiFID II and the CCP Recovery and Resolution framework.
She served as vice-chair of the Parliament’s influential Economics and Monetary Affairs Committee (ECON), and played a vital role in shaping EU and global financial services legislation.
Prior to joining the European Parliament, she also worked for Deutsche Bank in the 1990’s.
Swinburne opted against running for re-election at the European elections in May, as the UK prepares for its exit from the EU.
“The future will not be about technical rules based regulation, but about demonstrating that a firm acts within the best interests of society, the environment and the economy,” commented Swinburne.
“The team at KPMG recognises that the corporate world has to work harder to demonstrate its value and I am excited to be taking up a strategic role at the firm to help shape and define that value.”