KPMG has leased premisis at Canary Wharf since June 1992.
According to the firm, the relocation of KPMG Financial Services from Blackfriars to Canary Wharf will further establish the Docklands location as a major centre for leading organisations in the banking and finance sector.
HSBC, Citibank and Credit Suisse First Boston, all clients of KPMG, are locating in the area as is the Financial Services Authority, for whom KPMG does significant work.
Alan Reid, KPMG finance partner, said: ‘We already have very good experience of operating out of Canary Wharf and the improved transport and other infrastructure makes this an excellent location for KPMG. Since we moved to Canary Wharf in 1992 an increasing number of clients have followed us into Docklands and the strength of the financial community has been enhanced considerably.’
The firm already has over 300 members of its Infrastructure and Government business unit located in the Canary Wharf tower alongside its Tax Training School. In addition to the four floors the firm currently leases it will take on a further floor bringing its total square foot occupation to 137,000 sq ft.
KPMG employs over 5,500 people in London; following this move three-quarters of whom will be located in the Blackfriars area and one quarter in Canary Wharf.
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