Steven Hill

Global Advisory Board Member
HFS Research
January 01, 2025

Horses for Sources (HFS Research) – A leading industry research and advisory firm known for data-driven insights and bold thought leadership on outsourcing, digital transformation, and global business services.

Founded by analyst Phil Fersht, HFS delivers strategic market intelligence, vendor benchmarking, and analysis to help enterprises and service providers optimize operations, adopt emerging technologies, and drive business innovation. Steve is one of eight inaugural global advisory board members.

Managing Partner - Strategic Investor & Private Equity Owner
OakTruss Group
January 01, 2025

OakTruss Group – A leading risk advisory and management consulting firm helping organizations protect assets, ensure compliance, and strengthen resilience. Formerly Cyber Defense Labs, OakTruss delivers strategic risk consulting, virtual CISO leadership, and advanced cybersecurity services including penetration testing, incident response planning, and rapid risk assessments. Staffed by former intelligence, law enforcement, and C-suite security leaders, the firm partners with clients to mitigate operational, financial, and reputational risks so they can focus on growth with confidence.

You already govern AI. You just haven't called it that.
OakTruss Group
August 03, 2026

Boards have been governing judgment for a century. Every officer who signs a contract, every manager who approves a budget, every banker who approves a loan is exercising judgment on the company's behalf. We built a full apparatus to oversee it: ledgers that record what happened, budgets that bound what may happen, approval matrices that say who decides what, and auditors who verify all of it.

Why AI and Cyber Must Be Inextricably Linked in the Evolution to Scale
Linkedin
May 22, 2025

As businesses continue to scale digital operations, the convergence of Artificial Intelligence (AI) and cybersecurity has become not only inevitable but necessary. Historically treated as distinct disciplines—AI as a driver of innovation and efficiency, and cybersecurity as a defensive shield—these domains are now intersecting in ways that demand unified strategy, investment, and governance. In the modern enterprise, decoupling AI from cybersecurity is no longer sustainable. They are inextricably linked in the evolutionary path toward scalable, resilient, and secure digital ecosystems.

Reimagining the 21st Century Enterprise Board of Directors
Linkedin
March 20, 2025

In the rapidly evolving landscape of 21st-century business, corporate boards stand at a critical crossroads. The traditional board structure and composition may be challenged to navigate the complex technological transformations reshaping global enterprises. The need to better translate technological potential into strategic advantage and to comprehend the ethical and operational implications of generative technologies is at the heart of the challenge, complicated by an ever- compressing rate of change. This rate change, or “clock speed,” has compressed from a 150 +/- years in the industrial revolution to barely decades with recent transformative technologies such as the internet and cloud computing.

Tackling urban mobility challenges in Chicago
Linkedin
March 19, 2019

At KPMG, we are committed to our communities and committed to fostering innovation. Through meaningful opportunities for college students to apply their skills, we hope to support the next generation of leaders. Continue reading for a look inside a recent hackathon we co-hosted with Bosch in Chicago.

The business of bots and the realities of enterprise automation
Linkedln
January 14, 2016

The emerging set of capabilities and associated technologies enabling the automation of knowledge work through Robotic Process Automation (RPA) is one of the great disruptors facing organizations in the coming years. For the chief information officer (CIO), RPA represents a tremendous opportunity for the IT function to provide considerable new value to the business—an opportunity that the CIO cannot afford to ignore.

U.S. Vice Chairman of Innovation & Investments
KPMG
January 01, 2024

KPMG LLP (New York, NY)
One of the “Big Four” professional services firms, KPMG LLP provides audit, tax, and advisory services to leading global organizations across industries. With a presence in 143 countries and a workforce of over 270,000 professionals worldwide, KPMG helps clients navigate complex regulatory environments, optimize financial performance, manage risk, and drive strategic growth through data-driven insights and innovative solutions.

Regional Advisory Leader, One Americas (2020–2024)
Led double-digit growth and evolution of business operations for sixteen member firms in Latin America through operational excellence, innovation, strategic investment, and deployment of new capabilities to scale.
• Led development of a more sophisticated mix of services including building and scaling AI,
cybersecurity, and other technology-based offerings, capitalizing on assets (SaaS), managed
services, and leverage of offshore talent.
• Advised clients in planning and implementing complex, technology-enabled business
transformations across several industries, including transportation, energy, consumer goods,
pharmaceuticals, and retail.
• Improved operational effectiveness and efficiency through technology and business model
changes to better connect and more intelligently leverage firm resources focused on sales and
services delivery.

Global Head of Innovation & Investments (2013–2020)
Responsible for innovation & investment for KPMG’s global network (143 countries). Formed global network of leaders to establish and mature innovation capability in each KPMG member firm.
• Provided investment guidance, from concept to implementation and scale.
• Facilitated cross-country collaboration and assisted in the planning and growth of new services,
strategic alliances, offshore leverage, analyst relations, and corporate development.
• Worked with KPMG’s global management team to identify highest priorities for business growth.

U.S. Vice Chairman of Innovation & Investments (2011–2016)
Shaped role and served as the first Vice Chairman of Innovation & Investments for KPMG LLP and Member of the Management Committee.
• Drove organic and inorganic growth, including several acquisitions, which broadened KPMG’s
competitiveness and market reach.
• Created the KPMG asset business, driving asset enablement of staff and software-as-a-service
(SaaS) for audit, tax, and advisory clients.
• Initiated and led $100M investment to partner with IBM Watson in pioneering experimentation
with AI and data analytics to transform the audit, tax, advisory, and go-to-market functions.

U.S. Head of Advisory Services and Innovation & Investments Leader (2005–2011)
Led service innovation, organic growth, M&A, ecosystem development, and business model evolution to differentiate the firm and create new and profitable revenue streams. Expanded National Advisory Services leadership role to create the Innovation & Investments function for the entire firm on a global scale, directing strategic growth across audit, tax, and advisory functions. Oversaw the firm’s entire innovation lifecycle, managing $1B in strategic investments.
• Built high-performing, multidisciplinary teams to drive growth in advisory services, including AI,
cloud, managed services, technology integration, and cybersecurity; developed firm leaders in
these fields of play.
• Drove and expanded use of offshore resources to improve productivity and enhance margins in a variety of internal and client services.
• Created KPMG’s analyst relations function, leveraging industry analysts to help co-create
solutions, as well as promoting firm differentiation and value to current and prospective clients.
• Established a strategic alliances capability to accelerate existing and create additional channels of business growth via an ecosystems business model.

Partner-in-Charge, Advisory Services (2003–2005)
Recruited by Audit Vice Chairman to rebuild the consulting practice and oversee all Advisory services. Assisted in conceiving, designing, deploying, and scaling new services, as well as enhancing and optimizing the delivery of existing offerings.

Hill Equity Partners, LLC
Hill Equity Partners, LLC
May 01, 2025

Founded in 2025, Hill Equity Partners, LLC is a private equity firm focused on investing in and scaling innovative companies focused on AI, cybersecurity and the space industry. We believe the next decade will be defined by deep technological transformation—and the convergence of AI, cyber resilience, and space innovation represents one of the most compelling investment frontiers. Our mission is to partner with visionary founders and bold teams building the infrastructure, platforms, technologies, and services that will shape global security, intelligence, and digital capability in the 21st century.

HFS NYC Summit May 2026: Panel: Turning AI bets into business results
HFS Research
May 13, 2026

Session name:
Panel: Turning AI bets into business results

Moderator:
Joel Martin, Chief Research Officer, HFS Research

Speakers:
Steven Hill, Former Vice Chairman, KPMG
Aravind Nandanan, GTM Leader for Communications and Media, UST
Rahul Patel, Chief Information Officer, KBC Bank USA
Eric Piscini, Chief Executive Officer, Hashgraph
Joshua Zalen, SVP, Chief Information Officer, Independent Health

HFS webinar replay-AI at a Crossroads: The State of the Industry on Trust, Leadership, and Execution
HFS
April 06, 2026

In this HFS Research State of the Industry webinar, HFS CEO and Chief Analyst Phil Fersht and members of the HFS Global Advisory Board shared candid perspectives on what’s really holding enterprises back from scaling AI and what it will take to move from experimentation to execution.

The conversation examined the gap between AI’s rapid advancement and enterprise readiness, spanning leadership, governance, data foundations, and evolving operating models.

You already govern AI. You just haven't called it that.
Thinkers360
August 03, 2026

Boards have been governing judgment for a century. Every officer who signs a contract, every manager who approves a budget, every banker who approves a loan is exercising judgment on the company's behalf. We built a full apparatus to oversee it: ledgers that record what happened, budgets that bound what may happen, approval matrices that say who decides what, and auditors who verify all of it.

That apparatus was built around capital allocation, because capital was where consequential judgment left a trail.

The age of AI changes exactly one thing, and it is a big one: consequential judgment has moved into software.

An AI system that approves loan applications or screens candidates is not a tool the way a spreadsheet is a tool. It exercises discretion. It makes decisions. It is, functionally, a new kind of employee — one that never sleeps, cannot be deposed, and can be replicated ten thousand times overnight.

Here is the reassuring part: the values do not change. Fairness, accuracy, transparency, accountability are the same principles you already apply to people.

What changes is enforcement. A person is reviewed quarterly. A machine making ten thousand decisions an hour has produced a quarter's worth of activity before lunch.

The practical work comes down to nine artifacts, and every one of them is something you already run for capital allocation. An AI inventory is your asset register. A decision log is your general ledger. Deployment gates are capital approval. Independent assurance is internal audit.

Capital allocation has a ledger, a budget, an approval matrix, and an auditor. Judgment now needs the same.

Read the full article here: https://www.oaktrussgroup.com/post/why-responsible-ai-is-the-corporate-governance-you-already-trust-just-extended.