Tim Aman appointed National Leader for Financial Services at BDO in Australia

26 September 2018

BDO Australia has announced its new National Leader for Financial Services.

Tim Aman, an Audit Partner in Sydney who joined the firm in May of this year, will lead BDO’s growing team of consultants providing audit, advisory, regulatory and compliance programs for the Financial Services Sector.

Tim specialises in working with banks and finance companies, as well as mutuals, credit unions and asset managers to assist clients dealing with the complexities of increasing compliance and assurance requirements. 

The BDO Financial Services team provides a range of services to the sector, including:

  • Remediation -  working with providers on a variety of assurance related matters to ensure they meet on-going regulatory requirements as a result of compliance issues
  • Regulation – assisting financial institutions to embed systems to meet new regulations without hiking up compliance costs
  • Restructuring – assisting clients to future-proof operating models to remain compliant
  • Advising – helping Fintech and smaller players in the financial services industry build robust systems and develop a platform for growth
  • Change management -  helping organisations in the financial sector develop strong organisational culture to help manage risk

Grant Saxon, BDO’s Sydney Managing Partner said: “The Royal Commission has had a massive effect on the industry and financial services companies need to have robust systems and strict compliance regimes. We’ve seen a big increase in the number of enquiries from industry participants, particularly where other firms are conflicted.”

“Tim is an experienced partner having spent his career in both technical and client-facing roles in the US, Vietnam and Australia. Having someone of the calibre of Tim leading BDO’s Financial Services team, will help make this one of BDO’s key growth areas in Australia,” Grant said.

Tim commented: "It’s an exciting time to work in the Financial Services sector, given the repercussions being felt by the Royal Commission’s findings.  The next 12 months will see the banking, financial services and superannuation industries preparing to respond to the questions raised by the Commission in a structured and timely manner.”

“This will no doubt include investigation and remediation activities deep within these organisations, and external parties, such as BDO will be able to provide the help they need to face the regulatory and compliance challenges,” Tim said.

"I’m looking forward to working with my colleagues across Australia, to share ideas and further build on the strength of our capabilities that address the issues and emerging challenges our clients are facing."