- Former trader Tony Woodhams appointed to lead group -
18 December 2013
KPMG has launched a Trading Risk Solutions Group to advise on key trading risk issues including rogue trading, trader fraud, rate manipulation and market abuse and associated unauthorised behaviours and operational risks.
The group is led by Tony Woodhams, a former trader with over 17 years experience, and will focus on trading risk mitigation and management as well as behavioural monitoring and supervision The specialist team works with clients globally across the financial services and energy sectors.
Bill Michael, EMA head of financial services at KPMG, commented: “We are delighted to welcome Tony Woodhams to head up our Trading Risk Solutions Group. Trading risk is a huge issue for any institution with a trading unit. As a key priority for our clients, it is also one of ours. A former derivatives trader, Tony brings a fresh perspective to our business and is well placed to help our clients unravel complex risk issues and behavioural patterns that may be engrained in their business.”
Tony Woodhams commented: “I am very pleased to be working with KPMG and look forward to further developing the practice’s experience and expertise in this sector. We will work closely with our clients to ensure they are applying best practice in mitigating trading risk and to improve trader behaviour, culture and ethics in the banking and energy sectors.
“Recent high profile rogue trading incidents have illustrated that risks are not being managed well enough. Trading risk comes in many guises and as technology evolves so too can threats to business. The challenge is to have structures, processes and systems in place to catch the problem before it spirals out of control.”
For further information please contact
Monica Fiumara, Senior PR Manager, KPMG
Tel: +44 (0)20 7694 5674
Mobile: +44 (0)7901 105180
KPMG Press Office: 020 7694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.