Citing a persistent and challenging economic climate in the latter half of its financial year, KPMG’s global chief Steve Butler described the growth rate as ‘robust’.
The firm’s remaining consulting business led the way, growing 19% to $1.5bn, though the lion’s share was floated off earlier in the year.
Deloitte Touche Tohmatsu can now claim to be the second largest of the Big Five firms worldwide, having reported last month fees of $12.4bn, though the firm is resolutely keeping hold of its consultancy practice.
KPMG confirmed its intention to sell off its remaining European consultancy practice.
It is thought likely that it would be acquired by the US company, KPMG Consulting Inc, though it is believed other companies have expressed an interest in buying the practice.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'