KPMG Chief Points to Global Restructuring
Big Five firm KPMG will reorganise along global lines and transfer powers from national practices, according to Stephen Butler, the firm's chairman.
In an interview with the Financial Times, Mr. Butler stated that national strongholds were increasingly unwieldy, and the establishment of three pan-regional bodies would cater to the global needs that customers demand.
Decision making and governance responsibilities will be transferred to three bodies in the Americas, Asia and Europe, and the Middle East and Africa.
Mr. Butler added that he was confident that KPMG would get regulatory approval for its consulting business float.