Mr Whalley joins the accountancy firm in January as a director. He said that, since the financial crisis, 'financial services firms have been under increased scrutiny to map and manage their risk.'

EY's legal ambitions

Matthew Kellett, head of EY's financial services law team, said: 'Systematic assessment and mitigation of legal risk is a relatively new area and combines EY’s legal ambitions with its proven expertise in the risk assessment and mitigation arenas.' Mr Kellett used to be head of finance at Berwin Leighton. Source: Economia