He brings deep domain expertise in emerging areas such as cryptocurrency and platform-based business models, and has been a driving force behind the firm's global efforts to spur innovation, transformation and scale in financial services.

KPMG in Singapore has named Anton Ruddenklau as head of financial services, with immediate effect, it announced in a statement on Wednesday.

Ruddenklau joined KPMG in the U.K. as a partner in 2014 and helmed the firm’s digital and innovation for financial services division from 2017. In 2018, he was named the global co-leader of fintech for KPMG International.

Priority Sector

KPMG said financial services is one of the firm's priority sectors in Singapore, citing the «new realities of the post-crisis world» that are bringing into focus digital and customer-centric solutions, as well as sustainability and cost reduction strategies.

«Given the rising demand for transformation projects in the Asian marketplace, his understanding of growth strategies and financial technology innovations will enable us to deliver more effective results for our clients,»Ong Pang Thye, KPMG Singapore managing partner, said.