Brewis to leave FCA for KPMG UK

Matt Brewis is leaving the FCA to join KPMG UK as a partner in its financial services risk and regulatory advisory practice.

Brewis, who is currently director of insurance at the FCA, will take on the new role in the new year.

He leaves the regulator after nine years, with him joining in 2016 as head of department.

He took on his latest role in 2020, with him overseeing insurance policy and the supervision of general insurance, life insurance and the appointed representative regime.

In a statement, the FCA said: ”Brewis has made an enormous contribution during his almost 10 years of service.

”As insurance director, he has led on efforts to make sure customers get fair value, improve firms’ claims handling and simplify the rulebook.”

Speaking about snapping up Brewis, Huw Evans, partner and head of insurance at KPMG in the UK, said: “Insurance is at the heart of KPMG UK’s business and we are committed to serving our clients with the highest calibre talent.

“Brewis fits that bill and will be an invaluable source of counsel to insurers, brokers and MGAs.”

Other roles

Before joining the FCA, Brewis spent 14 years working at the Bank of England in a range of roles.

This includes manager of international banks and, most recently, senior manager for the UK deposit takers division.

David Miller, partner and head of KPMG UK’s risk advisory team, said: “We are delighted to be welcoming Brewis into our financial services advisory practice.

“KPMG’s clients face an increasingly challenging environment where they need to innovate and transform while meeting evolving regulatory expectations. With over two decades of senior regulatory and policy experience, Brewis is ideally placed to help insurers and banks meet these challenges.”