Maximilian Turunen joins financial services practice of Gate One

12 September 2018 Authored by Consultancy.uk

Gate One has added Maximilian Turunen to the firm’s financial services wing to strengthen its offering against booming demand. Regulatory changes in the market have led to shifts in clients' needs, and Turunen’s arrival will support industry lead Alex McEvoy with the adapting workload.

Gate One is an international consultancy providing transformational advisory services to clients looking to solve multi-sector strategic challenges. The business counts many large, ambitious organisations among its client base, both in the UK and abroad. In recent months, the firm has been looking to bolster its operations in response to growing demand, recruiting Ben Tye to its London team shortly after adding Umbar Shakir as the firm’s digital lead.

Now Gate One has further expanded its talent pool with the joining of Maximilian Turunen as a principal and expert in regulatory change in the firm’s financial sector offering. Turunen arrives from UBS, where he played key roles in their Investor Protection and Regulatory Programmes, to help Alex McEvoy support financial services clients with a number of upcoming challenges. McEvoy, a former Deloitte and Moorhouse consultant, co-founded Gate One in 2013, and since then the firm’s demands from clients in the sector has shifted dramatically, thanks largely to a changing regulatory landscape.

Maximilian Turunen joins financial services practice of Gate OneOrganisations from insurers to investment banks face the twin problem of grappling with the complexities of Brexit planning and the ensuing implementation, while working through issues raised by regulations such as MIFID II, PRIIPs and GDPR. Recent projects noted by Gate One’s website reflect this, with the firm working with a Tier 1 investment bank as part of the derivatives reform programme. The client needed to develop and implement a client outreach strategy ahead of a number of upcoming compliance deadlines, for both Dodd Frank and EMIR regulations. After developing a client outreach strategy and approach, the Gate One team implemented an internal ‘operating model’ in order to implement client service requests, manage client functional teams and control the end-to-end process. As work like this becomes even more common, the additional expertise of its newest hire will become ever more useful.

Turunen’c CV boasts ten years of experience working in the consulting and financial services industries, including leading implementation of MiFID II for a global investment bank. Prior to his last two years at UBS, he worked at Big Four firm PwC, leading the Volcker Rule proposition in the UK. He helped various global banking clients assess the Rule’s impacts, determining appropriate trading strategies and implementing the chosen solutions across trading desks. He has also held various training roles in the areas of capital markets and regulation, having started his professional consulting career at EY.

Commenting on his new role with Gate One, Turunen said, “With so much political, economic and regulatory turmoil in the market, it’s an exciting time to be joining Gate One’s expanding financial services team… Preparations for Brexit and managing its implementation are taking up more and more of business leaders’ time and attention, all at a time when the regulators’ attentions are further focusing on conflicts management, governance and financial crime. I’m very much looking forward to adding value to Gate One’s financial services clients.”

Alex McEvoy added, “We’re thrilled to welcome Maximilian to the business. Our financial services team is helping guide its financial services clients through many of the challenges keeping its leadership awake at night, in particular those relating to Brexit and regulation. Max’s extensive experience complements our existing capabilities in digital operating model innovation, people change and core transformational consulting.”

Related: Gate One achieves key milestone with hire of 50th consultant.

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