Rees joined KPMG in 1989 and has over 25 years’ experience in the insurance industry. For six years he held a number of internal management roles including the Head of FS Audit. Rees leads various external audit accounts including FTSE 100 (Prudential Plc) and FTSE 250 (Hiscox Plc) clients and large private groups (Budget Holdings Ltd).
Rees has extensive experience in the insurance sector dealing with Life, Non Life (retail and London Market) and intermediary clients. He has significant experience of working with listed groups.
He has led a large number of advisory projects particularly transactions including IPO’s, rights issues, debt issues and financial due diligence. He has also led a number of projects advising on various aspects of Corporate Governance. Specifically he has acted as the reporting accountant on rights issues for Hiscox and Beazley during their relocation to Bermuda and Ireland respectively and for Prudential during their attempted takeover of AIA. Rees also provided advice to Old Mutual during their acquisition of Skandia and to Winterthur when they sold Churchill Insurance to Royal Bank of Scotland. Rees spent a year on secondment at the Labour party acting as their Finance Director during the 2001 General Election.
Rees has extensive experience of leading audit and advisory engagements for a wide range of clients including Prudential, Old Mutual, Allianz UK, Clerical Medical, Churchill Insurance, Hiscox, Beazley, Novae, Lancashire, Towergate and Budget Holdings Limited (ultimate parent company of Compare the Market).
Rees has considerable experience in IFRS, UK GAAP, European Embedded Values reporting and SOX reporting. He also has experience with various types of regulatory and client money reporting.