Bonner joins KPMG from Barclays plc where he spent eight years, his most recent post being managing director of Information Risk Management and Finance Change with responsibility for establishing the Information Risk Management Team across Barclays on a global basis.
At Barclays, Bonner’s remit included data privacy, records management, identity and access management and IT infrastructure security.
During this time, he won a number of awards including SC Magazine Team of the Year 2009, Person of the Year 2009 and Project of the Year 2010. He was also inducted into the InfoSec Hall of Fame 2010.
Bonner’s previous role was director and global head of Information Risk Management at Barclays Capital where he led the IRM Team covering metrics and reporting, policy and standards, awareness and training, technical security and investigations.
Improving information assurance procedures
Prior to that, Bonner was at the London International Financial Futures and Options Exchange (LIFFE) for four years, where he served as information security manager. He was responsible for improving information assurance and preparing the organisation to defend against external cyber attack.
Bonner also acted as external security representative with regulators including the Financial Services Authority and the Securities and Exchange Commission.
In addition, Bonner is a regular speaker at a number of industry events including e-Crime, InfoSec and RSA Europe, and enjoys close involvement with industry groups including the Cyber Security Challenge, the Global Security Challenge and CREST IAP.
Bonner has served as the chairman and Master of Ceremonies of the White Hat Charity Ball in aid of Childline.
Better understanding of emerging cyber threats
Speaking about this new appointment, Malcolm Marshall – head of KPMG’s Information Protection and Business Resilience practice – explained: “I’m delighted to welcome Stephen to KPMG and the Information Security Team. He will be working with a wide range of clients, including those in the financial services sector, to help them better understand their emerging cyber threats and how they can more effectively deal with them in this increasingly difficult regulatory environment.”
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff.
The UK firm recorded a turnover of GB pound 1.6 billion in the year ended September 2010.
KPMG is a global network of professional firms providing audit, tax and advisory services. It operates in 150 countries and has more than 138,000 professionals working in member firms around the world.
The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”) which is a Swiss entity.
KPMG strengthens CIO advisory capability through acquisition of Xantus
KPMG has also announced the purchase of Xantus, one of the leading independent management consultancies in the UK specialising in IT advisory services.
Xantus is recognised in the market for the quality of the work it delivers to a range of top tier clients – as evidenced by being double winners at the 2011 MCA Awards for IT Consultant of the Year and Strategy Project of the Year.
By broadening KPMG’s advisory capabilities, the deal will enable KPMG to better support its clients at both Board and CIO level.
Xantus has offices in Cheshire and London, and recorded income of GB pound 16 million in 2010-2011. The company works with a wide range of clients, including many FTSE 100 and equivalent organisations in the UK and overseas across both the private and public sector.
Commenting on the deal, Bryan Cruickshank (head of IT Advisory in KPMG’s Management Consulting practice) said: “We are delighted to announce this deal. Our focus is on continually improving the quality and breadth of consulting advice that we can bring to our clients, and this acquisition will help us achieve that goal.”
He added: “Xantus is a leading player with top class credentials and an impressive client portfolio. We believe there is a great fit between KPMG and Xantus in terms of calibre of people and of clients, and a sense of shared values. Together, we can bring our clients insights that genuinely help them achieve their goals.”
Steve Watmough, CEO of Xantus, commented: “We’re very excited to be joining KPMG. It’s a great development for the company, our staff and our clients. This deal represents a significant opportunity to accelerate the delivery of what has always been the Xantus vision – to become the leading advisor to the CIO community. Combining Xantus’ track record with KPMG’s global brand, reputation and scale offers a very powerful proposition. “
