London, 26th July 2023: Alpha FMC (“Alpha”), the leading global consultancy to the asset management, wealth management and insurance industries, today announces the hire of Jon Newman, a well-respected industry regulatory risk and compliance expert, to its UK insurance consulting team.
Jon joins Alpha as a director to lead the build of the insurance conduct risk and compliance proposition with a particular focus on the Consumer Duty, which comes into force on 31 July 2023. Jon joins from EY, where he was previously a partner in EY’s UK financial services consulting business, focusing on supporting clients in the areas of regulatory risk and remediation, primarily on retail investments and pensions.
The expansion of Alpha’s insurance consulting business reflects Alpha’s continued growth and ambition in this space. Since its launch in 2021, Alpha has continued to build a team of dedicated insurance experts focused on providing consultancy and transformation services to clients in the insurance industry.
Commenting on his new role at Alpha, Jon Newman said:
"I am delighted to be joining Alpha. The firm’s commitment to excellence and its client-centric approach align perfectly with my own values. I am excited to contribute my expertise in insurance regulatory risk and compliance to further enhance Alpha’s reputation and drive value for our clients. Together, we will navigate the evolving landscape, tackle new challenges and deliver exceptional results."Jon Newman, Director
Stuart McNulty, Global Head of Insurance Consulting at Alpha FMC commented:
"We are thrilled to have Jon join our team at Alpha. His extensive experience and deep knowledge of UK regulation are invaluable assets that will significantly strengthen our capabilities in serving our clients. Jon's expertise aligns perfectly with our commitment to providing exceptional consulting services in the insurance industry. With Jon leading the build-out of our insurance conduct risk and compliance proposition, we are well-positioned to deliver even greater value and navigate the evolving insurance industry landscape more effectively. We warmly welcome Jon to the Alpha family and look forward to the positive impact he will make on our business."Stuart McNulty, Global Head of Insurance Consulting