KPMG invests in its family business practice with the appointment of Ken McCracken to develop and lead the firm’s consulting offering to the sector.
McCracken is a high profile figure within the family business market, bringing to KPMG decades of experience in, and passion for, family enterprises with a particular focus on governance and transitions.
He is a Fellow of the Family Firm Institute (FFI) and a past recipient of its Award for Outstanding Interdisciplinary Achievement. Last year he received the Family Business Adviser of the Year Award from the Society of Trusts and Estate Practitioners (STEP).
Commenting on his new role Ken McCracken, Head of Family Business Consulting at KPMG, says:“As well as the issues that every business has to deal with, a family in business together faces a set of additional challenges because the reality is that the needs of the family and the business can never be completely separated.
“From working with families in different parts of the world and from different cultures, I have learned how they manage the often competing demands of family and business life. I want to share this knowledge and experience with families who have reached a stage when these challenges feel too complex or overwhelming. And I am here to help the increasing number of enterprising families who want to know how to organise their family and business interests to the highest possible standard.
“I’m excited about the support that will be available to family businesses through the combination of my international knowledge and experience as a family business consultant and the extensive resources of KPMG.”
“Generating, preserving and diversifying family wealth through business interests requires careful and professional management, often involving the establishment and maintenance of good family and business governance structures.
“Ken is an authority in this area and teaming his knowledge and empathy with KPMG’s technical and commercial know-how gives us a powerful holistic family business consulting offer.”
The appointment of Ken McCracken follows KPMG’s recruitment, in October 2015, of Catherine Grum to lead its Family Office service, as the firm augments the services it tailors to family businesses.
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About KPMGKPMG 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 revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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.