KPMG appoints Justin Benson as new Head of Automotive

24 October 2017 Consultancy.uk

The UK arm of Big Four firm KPMG has appointed Director Justin Benson as the new Head of its Automotive practice, as the company prepares for increasing demand resulting from period of change in the sector. Clients are facing possible trade tariffs, along with the challenges of electrification in coming years.

The UK automotive industry is in a period of change, as a number of major trends, including autonomous vehicles, electrification, mobility and connected vehicles, usher in potentially disruptive changes. While the UK’s 2040 goal of eliminating the sale of combustion-powered vehicles means companies are having to accelerate their electrical offering, electrification is starting to have a noticeable impact on the major trading partners of British automotive producers. The overall market share of battery-powered, fuel cell and plug-in hybrid vehicles (together electrified vehicles) sold world-wide has increased approximately six-fold since the start of 2013, today accounting for a 1.20% share of total sales.

Meanwhile, geopolitical issues such as Brexit, and the protectionist Presidency of Donald Trump, mean import/export tariffs are an increasingly likely challenge UK manufacturers will face in coming years. With the increasing prospect of a border adjustment tax on vehicle related imports, automotive producers in America face between $1,000 and $1,800 in additional fees per import, depending on the production cost of vehicles, as found by a new study. The reshoring of the work to the US is unlikely to see investment recouped within a reasonable timeframe for most parts.

Justin Benson

As KPMG’s automotive wing in the UK prepares for ramped up demand in the sector, resulting from these and other challenges, the firm has announced the appointment of a new Head of Automotive, effective immediately. Justin Benson, who joined KPMG’s UK arm in 2000, takes over the role from John Leech who became Head of the department in 2011. Justin Benson is also Brexit lead for KPMG’s industrial manufacturing practice – a role he will continue in simultaneously. Benson has worked in the automotive sector for over 10 years, becoming a Director with the firm four years ago. He has experience in a range of areas from supply chain optimisation to risk management.

Stephen Cooper, UK head of industrial manufacturing at the firm, said of the appointment, “I look forward to working with Justin, who brings an already established network, innovative thinking and significant operational skills to the fore at a time when the automotive sector is on the cusp of disruption from electrification, self-driving cars and mobility as a service.”

Benson commented, “I believe we are entering the most exciting period in automotive since the invention of the car, so I’m delighted to be taking over the reins from John. Under John’s direction, KPMG has demonstrated how important the automotive sector in the UK is for our firm. We will continue to invest, particularly in our Mobility 2030 cross-sector ecosystem platform, working with clients and the industry on how the sector responds to the disruption it is experiencing.”

KPMG is not the only firm to move to accommodate future demand, meanwhile. In line with the changing demands of clients resulting from political, economic and technological challenges, the European consulting industry has seen a number of changes recently. In September, Bain & Company hired automotive expert Ralf Kalmbach from rivals A.T. Kearney to prepare for change in the German market. Other firms have found it difficult to retain top talent in such a climate, too. Grant Thornton lost Tarun Mistry, their Partner for the firm’s financial services corporate finance and automotive advisory team, leaving his position at the accountancy and advisory business last month to seek new pastures, following a distributable profits per partner drop from £398,000 to £344,000, at the end of 2016, despite making a profit before tax of £72 million.

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.