KPMG to form stronghold in Japan
Japanese accountancy partner Asahi has agreed to become a member firm of KPMG International, turning KPMG into the largest accounting organisation in Japan.
Link: ‘No pension conflict of interest’ at KPMG
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.