Jessica Fino 7 Dec 2017 01:37pm

KPMG appoints 174 new senior staff

KPMG has appointed 42 partners and 132 directors in the UK in the back of a “challenging but exciting” time for the Big Four firm

Most of the promotions occurred in the consulting business line (24%), followed by audit (23%), tax (18%), deal advisory (18%) and sales and business services functions (17%).

Bill Michael, chairman and senior partner of KPMG said that its clients were living through “a period of significant change”, with geopolitics, evolving regulation and disruptive technology significantly reshaping their markets.

He added that 30% of the new partners and directors were based in offices outside the capital in order to meet growing demand from its clients, while 33% of the new directors and 29% of the new partners were women.

“I am committed to retaining and promoting more diverse talent to senior roles in the firm. Our targeted sponsorship, leadership and talent programmes will play a key role in the development of our leaders of the future,” he added.

The partner promotions in the tax division included two former Barclays directors Mark Wrafter and Stephen Barrett.

Wrafter joined KPMG as a partner in the deal advisory tax practice, after nine years as head of global structural reform and head of tax at the bank. He previously worked for 12 years at EY as senior manager of financial services and capital markets tax.

Barrett joined KPMG as senior advisor in the tax team, providing controversy, advocacy and tax disputes resolution expertise as well as international tax advice to financial institutions.

He was previously global managing director of tax risk and resolution at Barclays Capital.