Philip Hardy
Philip Hardy

Philip Hardy

Partner, Co-Practice Head, Risk Advisory

Melbourne

+61 3 9679 3155 | +61 411 104 250
philip.hardy@ashurstperkins.com

Introduction

Philip Hardy is the Head of Ashurst Perkins Coie Risk Advisory, APAC.

He has over 27 years' professional services experience, advising major institutions across a range of strategic risk issues. He has led the design and overseen the delivery of major strategy complex programs for clients, including multi-year and financially significant initiatives covering M&A separations/integrations, compliance transformation, customer remediation and operational risk uplift. 

He works with senior executives and Boards on complex matters and brings hands-on leadership to engagement delivery. This has enabled Phil to support clients through some of their most significant and challenging programs of work.

  • Nippon Life’s Acquisition of Resolution Life | Led comprehensive risk and compliance due diligence for Australia/NZ entities, covering risk management, compliance management, tech/cyber, payroll, . Provided strategic advice for Day 1 readiness, including drafting policies for the NOHC, advised on integration planning in line with APRA and ASIC expectations and preparing the incoming Board.
  • Private equity backed bid for a major financial services group | Led risk and compliance due diligence for a complex acquisition involving multiple regulated entities across superannuation, investments, and advice. Assessed key risks including enforceable undertakings, in flight remediation programs, governance effectiveness, regulatory engagement strategy, and separation readiness.
  • Major hospital group | Lead adviser on the separation of multiple sites including supporting the development of the separation strategy, drafting transitional service arrangements, designing the separation management and governance model (via a separation management office) and delivery of program management for all separation workstreams.
  • Major financial sponsor | Led risk and compliance vendor due diligence covering payroll compliance, cyber/technology risk and data risk management.
  • Major Australian retail financial services group | Advised on impacts of court-ordered (by consent) undertakings and then overseeing a substantial Risk program to identify all regulatory obligations, map and trace these to frameworks, policies and controls and then assessing the effectiveness of these frameworks, policies and controls. The outcome was clearly identified uplift opportunities which were used as a basis for a remedial action plan.
  • Major Australian bank | Advised on strategic financial crime risk management issues, including identifying and mitigating risks relating to executive accountability, strategic resourcing requirements, transaction monitoring arrangements and risk-based requirements of the AML/CTF program.
  • Large wealth management group | Oversaw a complex customer remediation program covering a number of conduct issues. The role included negotiation methodology approvals with ASIC, designing and standing up an operational delivery capability, overseeing the 'run phase' with an externally sourced, fit-for-purpose, program-dedicated workforce. The program was being delivered on-time and on-budget at the time Phil concluded his role on that program.
  • Major bank | Led an accountability assessment in relation to a material risk domain for a major bank. The purpose of the assessment was to consider bank-wide BAU and strategic initiatives in relation that risk category and highlight the relevant risks to executives and Board members under accountability regimes.
  • Major market participant | Appointed as independent expert to assess the adequacy of arrangements to ensure compliance with market integrity rules.
  • Major health insurer | Led a root cause analysis on a significant misconduct and regulatory compliance issue. This was followed by leading the design and delivery of a 12 month customer remediation program.

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