KPMG Lower Gulf invests in new senior management as Advisory business registers 20% growth in 2014
Dubai, November 2014: Leading global tax, audit and advisory services firm, KPMG has been strengthening its senior management team, reflecting continuing business growth, as it is looks to increase partner strength in the Lower Gulf by 15% in 2015. KPMG in the UAE was established in 1973 and has today grown to over 700 professional staff led by more than 30 partners.
KPMG’s global strategy has most recently included a focus on key investments including people, technology and client services, which has laid the foundation for sustained profitable growth, specifically a 20% regional growth in the firm’s Advisory arm in 2014.
During KPMG’s Annual Lower Gulf Partner & Director Conference in Dubai a new sector leadership team was announced which will be strategically involved in growing the business in the Lower Gulf region in 2015. The sector leaders include Anurag Bajpai – Retail, Ashish Dave – Private Equity and Sovereign Wealth Funds, Austin Rudman – Financial Services, Fawzi AbuRass – Family Groups, Greg Hughes – Healthcare, Neeraj Dassani – Government/Infrastructure, Sidharth Mehta –Construction and Real Estate, Sudhir Arvind - Energy and Natural Resources.
Also, some recent senior appointments include Vikas Papriwal, Transactions and Restructuring Partner, who has been announced as the firm’s new Head of Sales and Markets. Muhammad Tariq, Head of Audit is taking on the role of Head of People and Karl Hendricks Consulting Partner has been appointed as Head of Consulting.
Speaking as a guest at the conference Richard Rekhy, CEO, KPMG India said: “Over the years KPMG has worked with leading industry players in the region to play a pivotal role in helping them create their success stories. I am delighted to have witnessed such successful growth from my friends and colleagues here in the Lower Gulf region and I am confident that this progress will continue.”
Vijay Malhotra, CEO, KPMG Lower Gulf added: “KPMG’s global strategy has equipped us to help clients succeed in this new economic era. Our professionals are selected from a talent pool of industry specialists, backed by in-depth knowledge, local experience, client focused approach and a close network with professionals across our member firms world over. To further this goal in the region, we have decided to create a 7-sector leadership team which will drive business from high potential sectors in the region, particularly Private Equity, Sovereign Wealth Funds and Healthcare. We want to grow this team of specialists by at least 15 per cent over the course of 2015 under the dynamic leadership of our new sector heads.”
Emerging, high-growth markets are a central pillar of KPMG’s strategy and it remains committed to growing the business in high-growth markets in Asia, Africa, the Middle East and Latin America. In the 2013 fiscal year, the KPMG network achieved record aggregated revenues of USD23.42 billion.
Another keynote speaker at the conference was V Shankar, CEO, Standard Chartered, Europe, Middle East, Africa and Americas who added: “I would like to congratulate KPMG Lower Gulf for continuing to make significant investments in long-term, sustainable growth and for staying focused on a core global audit platform, high-growth markets and developing new services.”
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Recent KPMG UAE awards and recognitions
In June 2014, Arij Sheikh of KPMG Dubai won First Place and the Little Prize in the latest ICAEW Chartered Accountant qualification (ACA) exams. He is the first UAE-based student to have won an international prize in the ICAEW exams.
The Little Prize is awarded to the candidate who achieves the highest marks for the taxation paper. The examinations are part of the internationally-recognized ICAEW Chartered Accountant qualification, which is held by over 142,000 professionals across more than 160 countries worldwide.
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The views and opinions expressed herein are the personal opinions of the interviewees and authors based on their personal experience working as Auditors in the industry and do not necessarily represent the views or opinions of KPMG International or any KPMG member firm.