PricewaterhouseCoopers (PwC) has appointed Pat Newberry as the new chairman of the UK financial services (FS) regulatory practice. He takes over from John Tattersall, who retired as a partner in June after 34 years with the firm.
Newberry will be responsible for leading and co-ordinating PwC’s 150 strong regulatory advisory and consulting practice servicing the UK financial services industry. He said: “The next few years are likely to be remembered as a regulatory revolution. We will see significant changes to the structure of the industry as it responds to commercial and regulatory pressures and I am delighted to be taking on this role at such an exciting time. I look forward to helping financial services industries meeting the challenges that lie ahead.”
Newberry has been with the firm for 32 years and has 20 years of experience working in the financial services industry. During his career he has led PwC’s global insurance, global actuarial and UK FS consulting practices. He is presently UK head of private sector consulting at PwC with responsibility for building PwC’s new consulting business in the private sector. He is also a member of PwC’s supervisory board and chairs its strategy and governance committee.
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