PracticeAuditSir Michael Peat to leave Prince Charles

Sir Michael Peat to leave Prince Charles

Former KPMG partner to step down from his post as principal private secretary to Prince of Wales

SIR MICHAEL PEAT, the former partner at KPMG whose great grandfather was one of the firm’s founders, is to step down from his role as Prince Charles’ principal private secretary.

Sir Michael, 61, began work for the royal family in 1990 first as director of finance to the Royal Household following a spell as auditor of the Privy Purse. In 1996 he became Keeper of the Privy Purse and Treasurer to the Queen. In 2002 he became Private Secretary to Prince Charles.

Sir Michael is credited with modernising royal finances following a study he conducted in 1986. He is reported in the Financial Times  as the man behind the Queen beginning to pay tax and the reforming of the Civil List so the Queen takes her income from a share of the revenues from the Crown Estate.

His move to aiding the Queen and Prince Charles came after a 20-year career with KPMG where he was made partner in 1985.

Sir Michael is reportedly seeking a return to the private sector.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

1d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor