KPMG International to merge its German, UK businesses

KPMG International to merge its German, UK businesses

LONDON – KPMG International said Friday it plans to merge its UK and German member firms to create KPMG Europe LLP, a single entity expected to earn more than two billion pounds (N$29,6 billion) in revenue this year.

The combined entity, which will be Europe’s largest accountancy firm, will be chaired jointly by John Griffith-Jones, currently chairman of KPMG LLP UK, and Rolf Nonnenmacher, chairman of KPMG Deutsche Treuhand-Gesellschaft AG, the company said in a statement. “We believe the merger will be good for all our clients, because we will be able to serve them even more effectively.”It is also good for our people, because it will increase opportunities open to them,” Griffith-Jones and Nonnenmacher said from his offices in London.Starting operations next year, the new company will be registered in the UK and based in Frankfurt.It will offer audit, tax and advisory services across Europe.Nampa-AP”We believe the merger will be good for all our clients, because we will be able to serve them even more effectively.”It is also good for our people, because it will increase opportunities open to them,” Griffith-Jones and Nonnenmacher said from his offices in London.Starting operations next year, the new company will be registered in the UK and based in Frankfurt.It will offer audit, tax and advisory services across Europe.Nampa-AP

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