PracticePeople In PracticeSpeculation mounts over Royal post

Speculation mounts over Royal post

Speculation has intensified this week that Gerry Acher, London senior partner at KPMG, could be in the running to become the new keeper of the privy purse for the Queen.

Acher was recently appointed honorary treasurer to the Queen’s Golden Jubilee and will retire from KPMG at the end of this year.

The current holder of the post, essentially finance director to the Queen, is Sir Michael Peat, who is hotly tipped to become private secretary to Prince Charles within the next 12 months.

Sir Michael is also from KPMG and was with one of its legacy firms Peat Marwick Mitchell, the firm where Acher began his career.

KPMG has many royal connections. Former partner Mike Gibbons became private secretary to Princess Diana shortly before her death.

The issue emerges as Buckingham Palace undergoes restorative work (above) ahead of next year’s Golden Jubilee celebrations.

Another contender for the royal post could be Peter Smith, former UK senior partner with PricewaterhouseCoopers, who retired from the firm in December. His reputation at PwC was for being ‘low profile and conservative’, essential qualifications for the privy purse post.

A spokesman for KPMG said: ‘We do not comment on speculation.’

Links

Acher goes for gold with Queen

Royals unveil first annual accounts

Royal FD to ditch Queen for Charles

Queen’s accountant given PAC grilling

Buckingham Palace FD to face the PAC

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