KPMG to consolidate global partnerships in major restructuring effort

KPMG is set to merge dozens of its national affiliates in a sweeping overhaul of its global structure, aiming to boost growth and improve audit quality. The restructuring, which will reduce the firm’s number of “economic units” from over 100 to as few as 32, is expected to be completed by the end of Global Chairman Bill Thomas’s term in September 2026.

The Big Four accounting firm is consolidating smaller country units into larger regional clusters with unified leadership, governance, and investment strategies. These changes, which have already begun in the Middle East and Africa, reflect KPMG’s push to streamline operations and enhance service delivery for multinational clients.

Last year, the firm merged its UK and Swiss partnerships, setting the stage for further integration.

Under the new model, KPMG’s African operations—previously spread across 13 countries—will be brought under a single management structure. Other smaller units generating less than $300 million annually are also expected to be absorbed into larger clusters.

This restructuring mirrors moves made by rivals PwC and EY, which have also sought to centralize decision-making across global networks.

The firm has positioned the initiative as a means of strengthening audit quality, reinforcing governance, and making strategic investments in emerging technologies. However, the overhaul could pose challenges in balancing local market needs with broader global priorities.

KPMG’s restructuring plans come amid ongoing scrutiny of audit firms following high-profile accounting failures. Regulators have pushed for stronger oversight and accountability, making audit quality a key focus for the industry.

The firm’s leadership is betting that a more integrated structure will enable it to respond more effectively to these regulatory demands while positioning itself for long-term growth.

With the consolidation process already in motion, KPMG will be closely watched as it executes one of its most significant structural changes in recent years.