Rake takes control three months early

Rake takes control three months early

Senior partner-elect keen to push ahead with KPMG's management re-organisation. John Stokdyk reports.

KPMG has accelerated the appointment of its UK senior partner-elect,ganisation. Mike Rake, and is set to unveil its global vision on 14 June.

Rake was to have assumed his role on 1 October, but in the firm’s haste to re-organise he agreed with international chairman Colin Sharman to take de facto control from 1 July.

Sharman will chair an international board with six roving vice-chairmen.

This board will report to a council of representatives from the 23 largest national firms. The new UK executive is the culmination of an 18-month effort to integrate the firm and, according to Rake, represents a new generation of leaders.

‘We will look at things in a fresh and totally different way. We will create mobility and be able to make decisions more quickly,’ said Rake.

Alongside the executive will be a new client service board chaired by current UK head of audit, Gerry Acher. Acher’s term as head of audit ends this month, when he will be replaced by Ted Awty, ‘one of our brightest and best audit partners’, said Rake.

Acher is tipped to replace Michael Farrell when his term as head of the London office expires in October, but Rake wanted to find a role for him in the interim. KPMG Management Consulting is also creating an executive committee: its international head, Alan Reid, returns to the UK firm as head of finance and infrastructure on Rake’s committee.

MONEY MAKERS

‘KPMG’s client service board is a new concept in practice management,’ said Rake. The group of 20 to 25 partners will meet quarterly and advise Rake on improving client service. A six-strong recruitment panel, appointed last week, will seek nominations from the best business development people in local offices. Each member will serve a three-year term. ‘It’s a determined attempt to ensure that no matter how large we get, we won’t forget the views of the people who make money for us,’ said Rake. ‘The board will keep client service people up on a pedestal.’

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article