EY hires ex-Bank of England Head of Operational Resilience, John Milne, as it grows its IT and Cyber Risk practice
7 May 2014
EY has appointed John Milne as a Director within its financial services IT and Cyber Risk practice. John joins from the Bank of England, where he led the Operational Resilience Team, and was previously at the FSA.
John’s career in financial services has spanned over 40 years, a decade of which was dedicated to operational resilience. Under John’s leadership, the Bank of England established the benchmarking programme which highlights the cyber strengths and weaknesses of both individual firms and the sector as a whole. John was also responsible for rolling out the world-leading Market-Wide Exercise (MWE) programme, which included two major cyber exercises: Waking Shark (2011) and Waking Shark 2 (2013), both of which have won industry awards in recognition of their contribution to enhancing financial sector cyber resilience. In addition, John established a comprehensive support programme for the supervisors of the major financial firms, to help them understand and assess the operational resilience issues within their firms. At EY John will advise banks and other financial services firms on all aspects of operational resilience (including cyber and IT resilience) as EY grows its Resilience practice.
Commenting on John’s appointment, Steve Holt, Head of UK Financial Services Cyber Risk, says: “I’m delighted to welcome John to our expanding IT and cyber risk practice. The sector is taking leaps and bounds as developments and innovation constantly change the trajectory, and John’s extensive experience will further strengthen our position in this space. John is a key hire for this team, and demonstrates our investment and ambitions for our advisory business.”
John comments: "I'm looking forward to the challenge of being involved in a new phase for financial services in terms of IT resilience and operational risk. Getting operational risk right throughout a period of such concentrated regulatory change is going to be challenging for many firms and I'm looking forward to working with the outstanding team at EY in supporting our clients in the period ahead.”