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2015 46 Bermuda:Re/insurance+ILS


Why did you choose to work in this industry initially?


I majored in finance in business school but my first job was in public policy. I became hooked on the potential for governments to create a foundation for the fiscal and social wellbeing of society, to deliver services efficiently and empower people. In the past 20 years the continuum between the public and private sectors has merged, creating new models for delivery of services to the public. I see a continued increase of alternative service delivery which is gradually transforming governments, I still find it energising to leverage private sector approaches and capabilities to finding new ways to deliver the public sector agenda.


What has been the highlight of your career so far? Lori Rockhead


Job: Senior manager Company: KPMG Advisory Career path


2009—Senior manager, KPMG Advisory 1998—Independent consultant


1990—Senior management services officer, Government of Bermuda


1983—Manager Budget Bureau, Alberta Treasury, Government of Alberta


Lori Rockhead is a senior manager at KPMG Advisory, within Bermuda’s corporate finance team, specialising in public sector and infrastructure finance; including advising companies on public sector bids and acquisitions.


She was the project manager on the business and financial advisor


team for the King Edward VII Memorial Hospital Redevelopment public-private partnership (PPP)—the Island’s largest capital project to date, and the first PPP undertaken in Bermuda.


Rockhead advises public and private sector clients on strategy, business planning, and capital raising in Bermuda and the Caribbean region. Her clients benefit from her experience in developing business cases and financial models to attract alternative finance for complex projects.


Prior to focusing her career in finance, she worked as a public


policy consultant in Canada and Bermuda, specialising in applying business-like practices to improve the efficiency and effectiveness of public sector organisations.


She is a Chartered Professional Accountant, a Certified Management Consultant, and holds a Bachelor of Commerce (Finance Major) from the University of Alberta and an MBA from the Universities of St Gallen (Switzerland) and Toronto (Canada).


Having the opportunity to work on Bermuda’s first PPP and seeing Bermuda’s largest capital project ($250 million) completed on time and successfully transferring the budget risk to the private partner.


I have found it very satisfying to mentor a number of young


professionals over the years. It is always satisfying to see others fulfil their potential.


What has been the biggest challenge you have encountered?


My biggest professional challenge was working on the Bermuda Hospital PPP. As financial and business advisors we worked with the public sector to develop and execute a robust and fair procurement which kept the highly complex project on time and budget. Although we initially met with some resistance, once public sector managers and technical officers understood the rigour and integrity of the procurement process we earned their support which led to developing a number of innovative solutions to meeting the government’s statutory obligations while delivering on the public partner’s objective of achieving value for money.


If you had chosen a different profession/career path, what would it have been?


I fell into my career rather than having chosen it. But when I went back to university to get my MBA eight years ago, I realised how much I loved business and consulting. So in hindsight I probably would have chosen a similar career path. ■


“I fell into my career rather than having chosen it. But when I went back to university to get my MBA eight years ago, I realised how much I loved business and consulting. So in hindsight I probably would have chosen a similar career path.”


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