KPMG today announces the appointment of Catherine Grum as its Head of Family Office. She joins the firm from Salamanca Group where she was Head of the Private Office.
Catherine will spearhead the development of a dedicated Family Office service within KPMG. Her role builds on the advice and assistance KPMG already provides to established Family Offices and families thinking about creating one for the first time. She will work closely with the firm’s Family Business and Private Client Advisory teams.
It forms part of KPMG’s Enterprise initiative, KPMG’s strategic investment totalling £40m which will see the firm expand its service offerings to the growing network of 4.9 million privately-owned businesses across the UK.
Prior to Salamanca Group, Catherine was Head of Wealth Advisory (EMEA) for Barclays Wealth & Investment Management, leading the delivery of wealth structuring, succession planning and relocation solutions to the bank’s UHNW client base. She is a recognised figure in the Private Wealth community and has received multiple awards including STEP Young Practitioner of the Year, Private Asset Management Top 40 under 40 and Private Client Practitioner Top 35 under 35.
Whilst Catherine will not be acting as a practising solicitor in her new role, her career started at Allen & Overy LLP where she worked from 2003 to 2009 in the firm’s Private Client Department, providing wide-ranging legal and tax advice to UHNWIs and family offices. Prior to joining KPMG Catherine practised as a qualified solicitor and trust and estates practitioner and gained an MA (OXON) in jurisprudence from Oxford University.
Commenting on the appointment, Gary Deans, KPMG’s Head of Family Business, said: “Catherine’s impressive track record, extensive contacts and knowledge of the family office sector are a powerful combination. She is an extremely valuable addition to the firm’s offering to family businesses and we are delighted that she has joined us for the benefit of our clients.”
Dermot Callinan, KPMG’s Head of Private Client Advisory, said:
“We recognise the ultra-high net wealth sector requires a special approach and this is certainly true of those with wider interests managed by a Family Office. Hiring Catherine to focus on this important group of clients is our latest demonstration of our commitment to them.”
Catherine Grum added: “KPMG already delivers a range of services to many Family Offices and has an excellent reputation with clients and the wider market. We have identified a gap in the market for one independent firm to offer the breadth of services needed by Family Offices and we want to develop a dedicated practice which will tailor the offering to each client’s specific needs and deliver a market-leading service for them. I am really looking forward to working with the team to take these relationships further.”
Notes to editors:
Alison Anderson, KPMG Corporate Communications
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 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. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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