KPMG’s UK boss Bill Michael resigns after ‘moaning’ controversy February 12, 2021 KPMG UK chair Bill Michael has resigned after a video surfaced online of the boss telling staff to “stop moaning” and “playing the victim”. Michael was suspended as the Big Four firm launched an investigation into the comments, which were made during an online meeting with consultants. KPMG today confirmed he has resigned and will [...]
HIG joins private equity pack circling KPMG’s restructuring arm February 8, 2021 HIG Europe has joined a pack of private equity bidders vying to buy the UK restructuring arm of KPMG. HIG is one of four parties shortlisted to acquire the business, which was put up for sale last year, Sky News first reported. It is understood Intermediate Capital Group is another private equity business interested in [...]
UK high streets to ‘lose up to 40 per cent of stores’ due to pandemic January 14, 2021 Up to 40 per cent of high street shops could be forced to close due to the impact of the shift to remote-working and online shopping, the latest analysis showed, in the latest blow to the struggling UK retail sector. A report published this morning by professional services giant KPMG said UK high streets could [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Queen faces technical hitch during KPMG video call December 16, 2020 The Queen faced a technical hitch while on a call with KPMG yesterday, proving even the royal family are not immune from video call mishaps. Her Majesty paid a virtual visit to KPMG on Tuesday to mark the firm’s 150th anniversary, where she spoke via video call with five individuals at the Big Four firm. [...]
KPMG launches energy transition practice to help clients achieve ‘net-zero’ November 27, 2020 KPMG has launched a new specialist Energy Lead Advisory practice to help support clients through energy transition. The new practice will support clients who would like to de-carbonise and embrace the new ‘net-zero’ economy. The new team contains 30 energy specialists in the UK, including newly promoted partner Gavin Quantock to lead alongside KPMG’s new [...]
KPMG partner blasts “witch hunt” case at Silentnight tribunal November 25, 2020 A partner at KPMG who is wrapped up in a case involving KPMG, Silentnight and the FRC has described the case as a “witch hunt” during an outburst at the tribunal. David Costly-Wood, a restructuring partner at KPMG is, along with the big four firm, accused of helping private equity firm HIG Capital force the [...]
KPMG to sell restructuring arm to win more work November 9, 2020 Audit giant KPMG is to sell its restructuring arm because conflicts of interest and regulatory scrutiny are preventing it from winning work. In an email to colleagues KPMG UK chairman and senior partner Bill Michael said that concerns relating to conflicts of interest arising from its existing work was likely to “limit the restructuring clients [...]