KPMG nabs top consulting exec

Following the selling of its advisory business to French group Atos
Consulting in 2002, KPMG has signaled a push back into the consulting by
recruiting Atos’s chief executive, Bernard Brown.

Brown, a former KPMG partner, will rejoin the firm in October.

He orginally left KPMG when it sold its British and Dutch consulting business
to Atos Origin for £420m four years ago.

According to reports, as many as 20 senior Atos staff have rejoined KPMG in
the past year, prompting Atos to waive a non-compete agreement due to stand
until August on the condition that KPMG does not hire any more of its staff.

Both PricewaterhouseCoopers and Ernst &Young sold off their consulting
arms following fears of a US crackdown on conflict of interest among audit firms
in the wake of Enron.

Deloitte was the only Big Four firm to retain its advisory business.

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