Mazars in Hong Kong strengthens Financial services consulting team with new Partner appointment (1 Feb 2023)

Commenting on the announcement, Managing Partner, Jimmy Yip said, “The appointment of Paul Cheng reflects the continued growth of the firm and demonstrates our commitment to delivering an excellent service to clients by investing in and developing talented people.”

Paul joins from KPMG where he specialised in performing assessment of corporate governance and risk management framework, conduct regulatory compliance and internal audit in the financial services industry, advise and recommend target operating model and market practices to ensure compliance with rules and regulations of Hong Kong Monetary Authority and Securities and Futures Commission. He brings with him 20 years of financial services expertise, having also previously held roles with PwC and various banks in internal audit.

Ernest Yiu, Partner and Head of Financial services at Mazars in Hong Kong, said: “Financial institutions are facing change from all angles. The digitisation of the market, from financial products and services to fundamental infrastructure, coupled with an increasingly complex regulatory regime, creates an ever-changing environment in which these businesses need to develop, while remaining compliant today and for the future.”

“Financial services firms, from traditional banks to fintech start-ups, are all subject to an evolving set of regulatory requirements, which can vary in detail and timing across jurisdictions. Developing a strategic response to this evolving landscape can be complex, and ensuring compliance even more so. ”

Paul’s focus is on delivering tailored internal audit, risk management, compliance and assurance services to clients operating in the financial services industry.