EY assurance partner Rita Da Silva has taken the role with the company, and will be responsible for leading teams of more than 400 wealth and asset management professionals across Australia and New Zealand.
She is set to commence on 1 April, succeeding previous wealth and asset management leader Antoinette Elias, who is moving into the EY Oceania financial services tax leader role.
Ms Da Silva is reported to have more than 30 years’ experience in financial services assurance and advisory services, particularly in the wealth and asset management sector.
EY Oceania financial services leader Graeme McKenzie commented: “Her previous experience means she is well placed to lead the teams of EY wealth and asset management professionals across Australia and New Zealand as they work with clients to address the key challenges and opportunities they face in a rapidly evolving and digitising environment.”
She is also a member of the EY Purpose and Corporate Responsibility Council and the EY Foundation.
Ms Da Silva said it is an exciting time to be working in the wealth and asset management sector.
“Both locally and globally, new entrants and non-traditional providers are making an impact on the market, as customers look for more innovative wealth management solutions that are tailored to meet their evolving needs,” she said.
“In response, traditional wealth managers are starting to re-evaluate their offerings and redefine how they provide financial advice in a way that better addresses clients’ needs and expectations. To succeed, operating and distributions models will need to be transformed.
“I look forward to leading the EY team in order to help our clients continue to grow as they navigate this new environment and prepare for the next wave of change in the sector.”
