He will be returning to the firm where he trained as a chartered accountant before going on to become an award winning energy sector analyst and eventually Chief Executive of the UK’s gas and electricity markets regulator.
Buchanan - who announced in December last year that he would be leaving OFGEM when his second term ends in June 2013 - will become Chairman of KPMG’s Power & Utilities practice. He will be returning to the firm where he trained as a chartered accountant before going on to become an award winning energy sector analyst and eventually Chief Executive of the UK’s gas and electricity markets regulator.
Simon Collins, UK Chairman of KPMG, commented: “We are seeing the biggest ever shift in energy market fundamentals. Core issues such as mega funding requirements, customer tariffs and the green agenda affect society as a whole. All of the key stakeholders, including government, regulators, investors, consumers and energy companies, need to work together effectively and pragmatically to address these issues. Alistair is a luminary in the energy world and will help us maintain a leading role in advising stakeholders across the sector."
David Gascoigne, UK Head of Power & Utilities at KPMG, added: “Alistair will be joining a team of 200 specialist power & utilities advisers in the UK, which is part of a global network of over 1,000 experts, who work with the full range of energy market participants on a wide range of issues from M&A in the renewables sector to emission reporting systems. We are delighted that Alistair will be joining the team; his knowledge and experience will provide an important boost to our work in the sector.”
For further information please contact:
Katrin Boettger, KPMG Corporate Communications
M: 0782 4475168
KPMG Press office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals 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. KPMG International provides no client services.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.