PracticeAccounting FirmsKPMG chairman Mike Rake to ‘stand down’

KPMG chairman Mike Rake to 'stand down'

Newspaper reports suggest Griffiths-Jones will replace him

KPMG global chairman Mike Rake is thought to have told partners at Big Four firm KPMG that he is to stand down.

Link: KPMG appoints new financial advice chief

The Evening Standard reports today that Rake told partners last week that he would be standing down. His term as senior partner is due to end next year, though insiders are reported as saying that he may stand down sooner, as early as the end of this year.

The paper reports that John Griffiths-Jones, the firm’s chief executive, is a ‘shoo-in’ for Rake’s job.

KPMG is yet to comment on Rake’s departure date.

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