Hogan Lovells has started a consulting business for its financial services clients in the U.K. after hiring Steve Murphy from his role as a director at PricewaterhouseCoopers LLP.

Murphy, who is not a lawyer, spent the past nine years as a director at PwC. He was previously a director with rival accounting firm Ernst & Young LLP and a compliance director at British banking giant Barclays plc.

At Hogan Lovells, Murphy (pictured right) will be a director and head of the firm's financial services regulatory consulting arm, a new practice that will offer both legal and consulting services for clients' regulatory strategy and compliance needs.