Kroll, formerly known as Duff & Phelps, has expanded its UK prudential advisory services team with the appointment of Aaron Ghobarah as director.
Ghobarah (pictured) joins the advisory firm’s London team from the Financial Conduct Authority (FCA) where he held a number of roles including manager and acting head of the prudential specialists department.
During his time at the City watchdog, Ghobarah oversaw and contributed to the development of the FCA’s framework for assessing adequate financial resources and provided input to the UK’s implementation of the new investment firm prudential regime.
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Previously, Ghobarah was also responsible for the oversight of prudential reviews and the provision of technical advice across a range of financial services firms from small domestic to major international firms.
Ghobarah’s appointment expands Duff & Phelps’ prudential service offering ahead of the FCA’s implementation of new prudential standards this year.
In his new role, Ghobarah will deliver specialist prudential project-based work, support the compliance and regulatory consulting practice’s portfolio client base and bolster the firm’s regulatory due diligence service offering.
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“Aaron is a recognised leader in the field of prudential regulation with a wealth of experience,” said Mark Turner, managing director and head of Duff & Phelps’ prudential advisory services practice.
“We’re excited to bring him onto the team as we continue to grow and strengthen our prudential service offering.
“As the FCA implements new prudential standards over the coming year, we are already seeing significant demand for support in this area. We’re pleased to be able to help our clients meet this challenge with a strong and growing team of specialists.”
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Ghobarah said he was thrilled to join the team.
“I’m looking forward to contributing to and supporting the wider practice as the prudential and adequate financial resources landscape changes over the coming years,” he added.
Duff & Phelps announced in February this year that it plans to transition the company name to Kroll, having acquired the latter in 2018.
Kroll, which operates in 30 territories around the world, provides services and digital products related to governance, risk and transparency.