Author Topic: KPMG Europe spreads wings to take in seven nations  (Read 733 times)

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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.

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.

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