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The big four firm has announced 52 new partners across various divisions, despite recent job cut announcements.
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KPMG announces over 50 partner promotions
27 June 2024
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KPMG has announced the appointment of 52 partners commencing in the new financial year. Of these additional hires, 43 were internal promotions and nine were lateral recruits.
The audit and assurance division added seven new partners while consulting added 21 partners across areas including technology, transformation, customer and operations and risk services units.
The firm’s mid-market business, enterprise, added 13 partners. Tax and legal added eight partners, deal advisory and infrastructure appointed two partners, and business services added one new partner.
Diversity saw a solid boost in these appointments, with 54 per cent of the new partners being women, and 23 per cent identifying as culturally diverse.
They will operate over locations across Australia, with the majority (21) based in Melbourne, followed by Sydney (13), Perth (six), Brisbane (five), Canberra (three), Newcastle (two), Geelong (one), and Parramatta (one).
KPMG Australia chief executive Andrew Yates said he was excited to announce the promotions across the firm.
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“I’m delighted to welcome these talented individuals as partners and am particularly proud of their varied backgrounds and the depth of experience that they bring to our firm and clients,” Yates said.
“Our clients face complex, unprecedented challenges. It’s our role to help them navigate these and emerging issues impacting their people, markets and operating environments – as well as help them leverage technology to grow in different ways and pursue new opportunities for the future.
“This is why we’ve made significant partner appointments aligning with areas of global investment across Technology, Tax, Audit and our mid-market Enterprise division.”
These recent promotions follow the recent announcement about the firm’s overhaul of its consulting division, which resulted in KPMG cutting 200 senior staff.
KPMG consulting managing partner Paul Howes said the savings from the reduction in staff would be reinvested in “digital solutions, alliances, industry expertise and new delivery methods”.
“The traditional ways of working, and some of the legacy assessment and advice services our firm has offered the market are no longer in the same demand.”
“We must now make a rapid, foundational shift to our business to adapt to this generational change … This is not about minor adjustments, but about flipping our business to have a strong focus on transformation.”
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