Accounting and consulting firm EY has strengthened its IT and Cyber Risk practice with the appointment John Milne. He joins from the, where he led the Operational Resilience Team, and was previously at the FSA.
John Milne has a track record of more than 40 years in the financial services industry. In his last role he led Bank of England’s Operational Resilience Team. Under his leadership, the central bank established the benchmarking programme which highlights the cyber strengths and weaknesses of both individual firms and the sector as a whole. Milne was also responsible for rolling out the so-called ‘Market-Wide Exercise’ (MWE) programme, which included two major cyber exercises: Waking Shark (2011) and Waking Shark 2 (2013), both of which have won industry awards in recognition of their contribution to enhancing financial sector cyber resilience.
At EY, Milne joins as a Director in its IT and Cyber Risk practice, and will advise banks and other financial services firms on all aspects of operational resilience, including cyber and IT resilience.
“I’m delighted to welcome John to our expanding IT and cyber risk practice. The sector is taking leaps and bounds as developments and innovation constantly change the trajectory, and John’s extensive experience will further strengthen our position in this space. John is a key hire for this team, and demonstrates our investment and ambitions for our advisory business,” says Steve Holt, Head of UK Financial Services Cyber Risk at EY.
Milne comments: "I'm looking forward to the challenge of being involved in a new phase for financial services in terms of IT resilience and operational risk. Getting operational risk right throughout a period of such concentrated regulatory change is going to be challenging for many firms and I'm looking forward to working with the outstanding team at EY in supporting our clients in the period ahead.”