Sir Michael Peat takes Deloitte non-exec role

SIR MICHAEL PEAT, whose family founded a forerunner of KPMG, has joined Deloitte as a non-executive director.

The past 20 years have seen Sir Michael work with HM the Queen and HRH the Prince of Wales, where he has overhauled the royal finances.

Sir Michael joined Peat Marwick Mitchell in 1972 and became a partner in 1985. Peat, Marwick, Mitchell merged with KMG Thomson McLintock in 1985 and eventually formed KPMG.

He joins Gerry Grimstone and Dr DeAnne Julius as a non-executive, and his appointment completes the firm's appointments.
David Cruickshank, Deloitte UK chairman, said: "It is my pleasure to announce Sir Michael Peat's appointment.

"Our non-executive board members have an important role to oversee the public interest aspects of our business. The intention is for them to form an active dialogue with the firm to help shape and influence our business, not only in the interest of greater transparency, but also its strategic direction and the way we work with clients."

Sir Michael said: "I am delighted to be joining Deloitte. The accountancy profession plays a vital role in underpinning the integrity, trust and confidence which are essential prerequisites for economic growth and prosperity, and I am very much looking forward to being part of the profession again."