What's Happening?
Grant Thornton has announced the appointment of Anand Balasubramanian as a partner in its UAE business, specifically within the Business Risk Services practice. Balasubramanian brings over 25 years of consulting experience across the Gulf Cooperation Council, Asia-Pacific, and the United States. He joins from PwC, where he led the Financial Services Risk Advisory and ESG practices. His career includes senior roles at EY, Oracle, GE, and ICRA, focusing on risk and finance. Balasubramanian has been based in the Middle East for 16 years, advising central banks, regulators, and commercial banks on risk analytics and digital transformation. His expertise is expected to strengthen Grant Thornton's ability to support clients in navigating complex environments.
Why It's Important?
The appointment of Anand Balasubramanian is significant for Grant Thornton as it aims to bolster its capabilities in risk management and ESG advisory services. His extensive experience and leadership in the financial services sector are expected to enhance the firm's offerings, particularly in the Middle East, a region with growing demand for sophisticated risk management solutions. This move aligns with Grant Thornton's strategy to expand its influence and service offerings in key global markets. Clients in the financial sector stand to benefit from Balasubramanian's expertise in risk analytics and regulatory compliance, potentially leading to more robust risk management frameworks and improved regulatory adherence.
What's Next?
With Balasubramanian's appointment, Grant Thornton is likely to focus on expanding its client base in the Middle East, leveraging his network and expertise. The firm may also enhance its service offerings in digital transformation and ESG, areas where Balasubramanian has significant experience. This could involve developing new tools and methodologies to assist clients in adapting to regulatory changes and market demands. Stakeholders, including financial institutions and regulators, may engage with Grant Thornton for advanced risk management solutions, potentially leading to collaborations and partnerships in the region.
