KPMG has appointed 104 new partners and executive directors in 2019, with more than a third coming from internal promotions.
Major acquisition, internal promotions see 104 new partners join KPMG
KPMG has announced its new partner intake for 2019, with 104 new partners named, up from 78 last year.
The majority of appointments were made in the deals, tax and legal division, with 41 new partners being named in this area.
The acquisition of restructuring and insolvency firm Ferrier Hodgson accounted for 21 of the 41 appointments.
A further 19 appointments were made in the audit, assurance and risk consulting division, reflecting the firm’s commitment to strengthening its audit and risk consulting businesses. The management consulting division added 25 new partners. Ten new partners were added to KPMG Enterprise.
The big four firm continued its investment in KPMG strategy consulting with five new partner appointments. Four new partners were also added in the firm’s internal business services division.
Of the 104 appointments, internal promotions accounted for 37 per cent, with lateral hires accounting for 41 per cent and the rest down to acquisitions.
Of the total partner appointments, 38 per cent were female.
“I am proud to welcome such a diverse and talented group of people to KPMG to help our clients grow their businesses and manage their most important challenges,” KPMG Australia chief executive Gary Wingrove said.
“There are tremendous opportunities for people looking to make a career with us. We are committed to developing our own people and attracting the right talent — and these promotions and hires are testament to that.”