KPMG has named its new head of financial services.

KPMG has appointed Brian Stephens as national leader for financial services, succeeding Scott Marcello, who was recently named vice chairman for the firm’s US audit practice.

KPMG's broad financial services practice includes banking and capital markets, building, construction and real estate, insurance and asset management.

The “Big Four” firm said its financial services practice has grown significantly over the past few years, expanding into serving alternative investments and other fast-growing areas.