Deloitte, one of the world’s leading professional services firms, has announced the appointment of Suresh Kanwar as the new Managing Partner for its UK Financial Services division.
Effective from March 1, 2025, Suresh succeeds Richard Hammell, who has transitioned to the role of Clients and Markets Leader after a successful five-year tenure.
Leadership Transition and Strategic Goals for Deloitte
Richard Hammell, the outgoing Managing Partner, significantly contributed to the development of Deloitte’s Financial Services practice.
He played a pivotal role in shaping its direction over the past five years.
His transition to the Clients and Markets Leader role highlights Deloitte’s commitment to experienced leadership.
This move aims to enhance client relationships and strengthen the firm’s market presence.
Under Suresh’s leadership, Deloitte aims to address key industry trends, including digital transformation, regulatory compliance, and sustainability.
The firm is committed to innovation and client-centric solutions. This approach will be key to maintaining its competitive edge in the financial services sector.
As the new Managing Partner, Suresh aims to lead Deloitte’s Financial Services division.
He seeks to guide it through a period of significant economic, regulatory, and technological change.
In his statement, Suresh expressed enthusiasm for the role, emphasizing the importance of evolving Deloitte’s offerings to meet client expectations.
He highlighted the need for market-leading expertise to address the complexities of the financial services industry.
Suresh Kanwar’s Background and Expertise
Suresh Kanwar brings over 25 years of experience in advising and delivering solutions for European and global financial services institutions.
Before assuming his new role, Suresh led Deloitte UK’s Banking and Capital Markets team, where he specialized in implementing large-scale business and technological transformations.
His career began at Andersen Consulting (now Accenture) in 1998, where he served as a Managing Director in the Capital Markets business before joining Deloitte as a partner in 2016.
Suresh’s extensive expertise spans across banking, insurance, investment management, and real estate sectors.
His proven track record in driving innovation and managing complex global projects positions him as a key leader in Deloitte’s efforts to navigate the challenges of a dynamic financial landscape.
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