Richard Barnwell

Financial Services Advisory Partner

Financial Services


Richard is a partner within our Financial Services Advisory practice. He has over 17 years’ experience of working with firms across the financial services sector on a wide range of regulatory and compliance matters. Richard started his career at the Financial Services Authority in 2000, where he worked both as a supervisor and a policy maker. In 2005 he left the FSA and has spent the last 12 years working as a consultant at both EY and KPMG. He joined BDO in September 2017 where he mainly focuses on conduct related compliance issues.

Richard has led risk, governance, conduct and remediation reviews for a number of banks, insurers, wealth managers and asset managers. For the past four years he has worked extensively with wealth managers and asset managers on a range of issues including best execution, conflicts and suitability of advice. Most recently he has been supporting firms in their preparations for MiFID II and SMCR.

Richard is a Skilled Person and has worked on a number of s.166 reviews dealing with governance, conduct and suitability related matters. He has also managed multiple large scale suitability remediation programmes across the FS sector which have focused on pension transfers, discretionary fund management, annuities and investment advice more broadly.