Delta Capita has recently boosted its partner team with Giles Kenwright, who joins from Morgan Stanley, where he headed the bank’s global Operations Technology unit. Based in London, Kenwright will be responsible for building and leading Delta Capita’s Regulatory Advisory practice.
Founded in 2010, Delta Capita is a consultancy that provides business and technology solutions to the financial services industry. From its base in the UK, Delta Capita has grown its footprint over the past six years, establishing offices in Amsterdam (2012) and Singapore (2013), as well as broadening its service portfolio to include transaction banking, insurance, wealth management, pensions and retail banking to its traditional focus on investment banking.
On the back of growing demand for its services, Delta Capita has strengthened its team with Giles Kenwright, an executive with more than 20 years of experience in banking and management consulting. Most recently he served Morgan Stanley for five years, where he was responsible for delivery of the firm’s regulatory platforms, which supported compliance with MiFID, Dodd Frank and EMIR amongst other global regulations. Prior to that, Kenwright served Lehman Brothers as an Executive Director, and held various leadership roles in IT and Operations at UBS during his 8 year spell at the Swiss-origin investment bank. After graduating from Brunel University London he, earlier in his career, worked for Reuters and Andersen Consulting, the legal predecessor of Accenture.
At Delta Capita Kenwright has been appointed Partner (he formally joined the consultancy in October last year) and has been named the Head of the firm’s Regulatory Advisory service line. In this role, Giles will be responsible for advising and assisting banks in meeting global regulatory requirements – including MiFID II, ring-fencing and the SEC’s Consolidated Audit Trail initiative, as well as helping clients explore opportunities for industry collaboration to share cost and expertise in the form of innovative partnerships and shared services.
“The global regulatory burden banks now face is consuming unprecedented levels of cost, effort and management focus, at a time when penalties for non-compliance continue to rise,” says Giles. “The industry needs to work smarter to ensure regulatory compliance in a more effective manner.”
Kenwright becomes Delta Capita’s 17th partner, joining the likes of co-founders Joe Channer (CEO; former COO of ING Global Equity Markets), Bimal Umeria (Head of UK; previously served Goldman Sachs and Deutsche Bank) and Petri Arola (Head of Technology; background in consulting with among others Detica and Accenture), and Tom Kastelein (Head of Benelux) and Stewart Norwood (Head of Singapore). Non-executive Directors include former ITRS CEO Kevin Covington, who also currently serves as Managing Director of FinTech advisory firm Change Alley, and Patrick Thng, a former World Bank executive with a track record in the consulting industry (Deloitte, EY, Eleven Canterbury).
“From Dodd-Frank to MiFID, Giles has been at the forefront of recent regulatory change. His industry-renowned expertise coupled with a strong background in business process and technology makes him ideally placed to advise banks and establish utilities and managed services in this space,” comments Channer.