EY has announced the appointment of Rita Da Silva as its new Oceania wealth and asset management leader, effective from 1 April.
In her new role, Da Silva, has over 30 years of experience across financial services assurances and advisory services, would be responsible for more than 400 wealth and asset management professionals across Australia and New Zealand.
Also, she was well experienced in providing assurance, compliance and advisory services to Australia’s largest fund managers and leading boutique firms. As well as this, she had advised clients on a wide range of critical business areas including IPO processes, acquisitions, restructures, new products, pre and post systems implementation reviews, risk framework assessments, legal entity rationalisations, capital assessments and industry benchmarking, EY said.
Commenting on her own appointment, Da Silva said: “This is a particularly exciting time to be working in the wealth and asset management sector.
“Both locally and globally, new entrants and non-traditional providers are making an impact on the market, as customers look for more innovative wealth management solutions that are tailored to meet their evolving needs.
“In response, traditional wealth managers are starting to re-evaluate their offerings and redefine how they provide financial advice in a way that better addresses clients’ needs and expectations. To succeed, operating and distributions models will need to be transformed.”
Da Silva would succeed previous wealth and asset management leader Antoinette Elias, who is moving into the EY Oceania financial services tax leader role, the firm said.
“I am delighted to announce Rita’s appointment as the new EY Oceania Wealth and Asset Management Leader. Her previous experience means she is well-placed to lead the teams of EY wealth and asset management professionals across Australia and New Zealand as they work with clients to address the key challenges and opportunities they face in a rapidly evolving and digitizing environment,” EY Oceania financial services leader, Graeme McKenzie, said.