KPMG is relocating its global family business centre of excellence from Paris to London following the firm’s UK arm’s investment in its family business consulting practice and family office services.
The centre supports needs of family businesses and family offices and offers access to specialist knowledge available across KPMG’s global network of firms. The centre is home to a team of family business consultants who work with clients ranging from first generation businesses to multi-generational business families who run global organisations with many shareholders.
Tom McGinness, a KPMG tax partner with over 20 years’ experience in providing personal and corporate tax advice to high net worth individuals, including family businesses and international entrepreneurial businesses and their founders, has been appointed co-chair of the centre working alongside Jonathan Lavender, global chairman, KPMG Enterprise.
Mr Lavender said: “This relocation is a sign of the strength and continued commitment to our aim of being the clear choice for family businesses around the world. Moving the centre of excellence to the UK will better enable us to leverage the extensive family business expertise that we already have in the country, and I am particularly thrilled that Tom has stepped forward to co-chair and work with me given his wealth of experience. Working alongside the UK team of Ken McCracken, Catherine Grum, and Daniel Trimarchi, I know that Tom will add a lot of value in moving our global KPMG Enterprise family business strategy forward.”
Mr McGinness added: “Family businesses are a significant driver of the global economy, and as such, our commitment to helping them grow while maintaining family harmony and smooth succession cannot be understated. Much like our own business, family businesses have a strong heritage and track record, but they are always looking to the future. We are confident that our centre of excellence will be a real differentiator in the market, enabling us to work with and support those fast growing, entrepreneurial families who will be the emerging giants of the future.”
KPMG operates from 22 offices across the UK with approximately 14,500 partners and staff. The firm recorded a revenue of £2.2 billion in the year ended 30 September 2017.
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