Grant Thornton has announced the appointment of Richard Storey as a partner in its risk consulting team based in Sydney. This strategic move aims to bolster the firm’s capabilities in financial crime risk, anti-money laundering (AML), and counter-terrorism finance (CTF) compliance.
Storey brings nearly three decades of experience across various sectors, including banking, gambling, digital finance, and funds management. His extensive background is expected to enhance Grant Thornton’s service offerings and address the growing demand for risk consulting services in Australia.
Expanding Expertise in Financial Crime Risk
The announcement comes as regulatory changes in AML/CTF are anticipated by 2026, prompting firms to strengthen their compliance frameworks. Grant Thornton’s decision to appoint Storey follows recent expansions in their risk consulting team, underscoring the firm’s commitment to addressing these upcoming challenges.
Neil Jeans, a fellow Grant Thornton risk consulting partner and AML specialist, expressed enthusiasm about Storey’s addition to the team. “It is great to have someone of Richard’s calibre and experience based in our Sydney office. His presence will support the unprecedented demand for our services nationally, from both new and existing businesses subject to AML/CTF obligations,” Jeans stated.
“His pragmatic style and strategic insight have helped clients navigate complex regulatory challenges, drive cultural and operational change, and engage effectively with regulators,” Jeans added.
Strategic Vision and Practical Insights
Storey’s appointment is seen as a critical step in enhancing Grant Thornton’s ability to deliver customized risk management programs. Jarrod Lean, the national head of risk consulting at Grant Thornton, emphasized the importance of Storey’s role in building outcomes-focused solutions that protect organizations from financial crimes.
“We’re thrilled to welcome Richard to the team. His depth of experience and grounded approach are invaluable as we continue to support clients through evolving regulatory landscapes. Richard’s leadership will help us deliver even greater impact across industries,” Lean remarked.
Storey himself is eager to leverage his expertise in his new role. “To help clients meet complex AML/CTF obligations, I draw on deep domain expertise, regulator engagement experience, and practical consulting,” he explained. “What sets my approach apart is its proportionality and relevance – clients receive advice that fits their business reality and is uniquely tailored to their requirements, that’s not just strategic but actionable.”
Looking Ahead: Navigating Regulatory Changes
The move represents a proactive approach by Grant Thornton to prepare for the evolving regulatory environment. As financial institutions and other businesses face increasing scrutiny and compliance demands, the firm aims to provide robust support through its expanded team and expertise.
According to industry experts, the demand for risk consulting services is expected to grow as organizations seek to mitigate financial crime risks and ensure compliance with stringent regulations. Storey’s appointment positions Grant Thornton to capitalize on these opportunities and deliver comprehensive solutions to its clients.
As the regulatory landscape continues to evolve, Grant Thornton’s strategic appointments and expansions underscore its commitment to being at the forefront of risk management and compliance solutions. The firm’s enhanced capabilities are poised to meet the challenges of the future, providing clients with the expertise and support they need to navigate complex regulatory environments.
