Ex-KPMG partner Patrick McCoy has joined Xafinity Punter Southall as head of investment.

He will lead the combined Xafinity and Punter Southall investment teams.

Mr McCoy spent over 10 years at AON before moving to KPMG as partner and head of investment advisory where he built KPMG’s investment team from 2 to 80.

Paul Cuff, co-CEO, Xafinity Punter Southall, said: “It is an exciting time for us following the acquisition of the actuarial and investment consulting and pensions’ administration businesses from Punter Southall Group, and also for the sector.

“Patrick’s arrival provides an ideal opportunity to take advantage of the pending market disruption which will be caused by the current CMA review.”

Mr McCoy said: “With trustees wanting to retain control of decision making and wanting more innovative client-focused advice, we are in an ideal position to help.

“They also want efficient and timely implementation, something the investment consulting industry has not always delivered.

“The people within the firm are easy to get on with and also have a depth of intellectual curiosity, wrapped by efficient processes and a get-it-done attitude.”

He will also sit on the executive committee which oversees the firm’s strategy.