Regulatory expert Mads Hannibal joins BDO as Partner

Professional services firm BDO has continued its investment in people with the appointment of a new partner. Mads Hannibal arrives at the advisory and accounting firm from Big Four firm KPMG.

Commenting on his appointment, Hannibal noted, “I am delighted to be joining BDO’s financial services team. I look forward to put my experience and knowledge to use, supporting the wider team and servicing both new and existing BDO clients as the advisory practice continues to grow.”

It is a busy time for BDO, as its clients look to adjust to regulatory changes, and the continued impact of challenges such as Brexit, the Covid-19 pandemic and global geopolitical tensions.

In his role as a Partner in London, Hannibal will lead the firm’s authorisation practice as well as working closely with the Prudential Risk Team, continuing to support clients with their implementation of the FCA’s Investment Firm Prudential Regime (IFPR).

Hannibal brings notable experience to the firm with regards to financial regulation. His CV boasts 18 years of regulatory compliance and authorisation experience including seven years spent working at the Financial Services Authority – the body since split into the PRA and FCA. More recently, meanwhile, he worked with KPMG, where he was latterly a Director in the firm’s Regulatory Practice, in the Financial Risk Management team.

Paul Eagland, Managing Partner at BDO noted, “Financial services firms are operating within increasingly complex regulatory environments and require high quality expertise in an adviser. We’ve continued to invest in our financial services offering, with Mads being the fourth new partner appointed to the team in the last six months. Bringing almost two decades of experience, including time spent working for the regulator, Mads will be a valuable and welcome addition to the team.”

Since the start of this year BDO has appointed eight external individuals as partners across the firm. Most recently this saw Radeep Mathew and Ed Gibson join the firm’s partnership, as the firm looked to help clients to access developmental tax incentives.