Leading business and financial adviser Grant Thornton UK LLP has strengthened its forensic offering with the appointment of Tom Townson as partner and head of financial crime.
Tom joins the firm with over 15 years' experience in the financial crime space. He has experience both as a practitioner and as a consultant advising a number of financial services firms on a range of issues including fraud, anti-money laundering, sanctions and misconduct. Tom has significant experience in leading large global programmes where he has advised on building, reviewing and improving financial crime prevention frameworks. This has primarily been with entities that are subject to intensive regulatory scrutiny involving multiple jurisdictions and regulators.
Tom will be leading the financial crime offering at Grant Thornton with a particular sector focus on global banks, commercial banks, retail banks, non-bank mortgage lenders, special purpose vehicles, loan servicing companies and insurers. He will be working with organisations to help them improve the way they address the growing financial crime threats that they and their customers face. Tom has a particular interest in the growth of new technology and how this can be applied to improve organisations' financial crime operating models.
Commenting on his appointment Tom said: "I am thrilled to be joining Grant Thornton's forensic team. The level of sophistication and the frequency of financial crime is increasing and becoming ever more prevalent in the market. It is a source of continued focus in the media and fast becoming an area of paramount importance for businesses. I am looking forward to working with Grant Thornton's team of experts and supporting its client base in ensuring they are properly prepared, and have the appropriate frameworks in place, to tackle this growing issue."
Will Davies, head of forensic and investigations at Grant Thornton UK LLP added: "Tom will be a valuable addition to the firm and I am excited to welcome him to the team. Identifying and mitigating financial crime is essential to instilling trust and integrity in markets which underpins a vibrant economy. Tom’s extensive experience in the financial crime space and his wide-ranging knowledge base will really strengthen our existing team and broaden our already strong client offering in this area."