RBS executive Richard Kibble joins financial services team of Deloitte

08 November 2017 Consultancy.uk 2 min. read
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Former PwC Partner Richard Kibble has joined the financial services team of Deloitte’s London office. Kibble arrives at the Big Four firm from the Royal Bank of Scotland, where he was latterly a Group Director. 

Big Four professional services firm Deloitte has expanded its UK financial services team with the appointment of a new Partner to its London practice. The business advisory group has appointed Richard Kibble, who previously spent five years as strategy and corporate finance director working with the RBS ExCo and board. Kibble more than 25 years’ experience in strategy and a 20-year career in management consultancy.

Following his graduation from Oxford University with a Master’s degree in Mathematics, Kibble joined Marakon Associates, a firm where he spent 18 years. He helped found the group’s UK presence, becoming a Managing Partner before leaving in 2008 for Big Four professional services giants PwC. Kibble was approached by the firm to rebuild the Corporate Strategy business, following the lapse of IBM’s business sale restriction. His work saw him become Partner and Head of Corporate Strategy with the UK wing of the firm.

Richard Kibble - Partner at Deloitte

In 2012, Kibble was headhunted by RBS to lead the British bank’s Board/ExCo strategy thought process, as well as to helm the company’s 2014 strategy re-design. During his five year stint at RBS, he oversaw transactions which collectively realised £15 billion for shareholders.

In his new role as partner in the UK financial services team of Deloitte, he will leverage his industry expertise to specialise in banking strategy and transformation. Deloitte will hope to put his experience in digital strategy, innovation and regulation to work supporting the firm’s banking clients through a range of digital transformation projects. His extensive experience in both business strategy and consultancy will meanwhile complement the transformation work that Deloitte is already conducting with its banking clients – many of whom will have been hit by the effects of digital disruption, as a number of new competitors have entered the market, utilising innovative technology to threaten the market share of even the largest institutions. 

Commenting on his new appointment, Kibble stated on LinkedIn, “I’m quite unusual in having been a Senior Executive at a large bank as well as a board-level adviser in both a large firm and a small boutique. Coming back into consulting at this point in my career is proving to be energising and challenging.”

The appointment follows another expansion in Deloitte’s London presence, this time in its real estate practice. Earlier in autumn, fellow PwC alumnus Andrew Carey joined the firm, becoming the lead of the real estate technology department.