KPMG's branches in Russia, Ukraine, Kyrgyzstan, Kazakhstan, Armenia and Georgia join European group
Written by Mario Christodoulou
Accountancy Age, 12 Aug 2009
KPMG Europe's headcount is about to swell after the firm announced it would absorb seven new branches into its formal European grouping.
Partners from Turkey, Russia, Ukraine, Kyrgyzstan, Kazakhstan, Armenia and Georgia have `overwhelmingly' voted to join KPMG Europe LLP.
Advertisement
There, they will join partners from the UK, Germany, Switzerland, Spain, Belgium and the Netherlands, which brings the total number to 30,000 partners and staff from more than 100 offices with net revenues of ?4.6bn (?4bn) in 2008.
Andrew Cranston, senior partner for KPMG's commonwealth of independent states said the merger would increase the ability of the firm to retain and target major audit clients.
`Especially those with international operations and ambitions,' he said.
