In an agreement reached yesterday, Asahi will strengthen KPMG’s existing Japan organisation, Azsa. Together they will generate some £320m of fee income and employ more than 3,000 partners and staff.
‘This furthers our strategy to continue to strengthen our capabilities in Asia Pacific – we see Japan as a key economy in the region,’ said Mike Rake, chairman of KPMG International.
‘This marks the beginning of a new phase for KPMG, and demonstrates our continued commitment and investment in the wider Asia Pacific region, which includes a major investment in China.’
Asahi and KPMG International became accounting and business partners last year, though they maintained their separate identities.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars