The KPMG network was formed in 1987 when Peat Marwick International and Klynveld Main

Goerdeler merged along with their respective member firms.

Principal founding members
There were four key figures in the formation of KPMG. They are the founding members of the
present organization.
Klynveld
Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co in Amsterdam in 1917.
Peat
William Barclay Peat founded the accounting firm Peat & Co in London.
Marwick
James Marwick established the accounting firm Marwick, Mitchell & Co in New York City in 1897.
Goerdeler
Dr. Reinhard Goerdeler was the first president of the International Federation of Accountants and a
chairman of KMG. He is credited with laying the foundations of the Klynveld Main Goerdeler merger.

Services Provided

Audit & Assurance

Tax
Tax tools & resources
Advisory
Enterprise

The Global Board is the principal governance and oversight body. The key responsibilities of the
Board include approving long-term strategy, protecting and enhancing the KPMG brand, and
approving policies and regulations.

John Veihmeyer

John M. Scott

Global Chairman

Deputy Chairman

KPMG International

KPMG International,
Chair of KPMGs EMA region,
Chairman Spain

Seyi Bickersteth

Africa

Peter Nash

Ireland

Australia

Pedro Melo

Bill Thomas

Richard Cysarz

Kyo Tae Kim

Republic of Korea

CEE

Tsutomu Takahashi
Japan

Chair - KPMG's Americas Region,

Canada

Domenico Fumagalli
Italy

Brazil

Shaun Murphy

Abdullah Al Fozan
MESA

Honson To

Guillermo GarciaNaranjo

China
Mexico

Oleg Goschchansky
CIS

Sai Choy Tham

Chair - KPMG's ASPAC Region,
Singapore

Jay Nirsimloo

France

Klaus Becker
Germany

Stefan Pfister
Switzerland

Simon Collins
United Kingdom

Richard Rekhy
India

The firm's history dates back to 1870 when William Barclay Peat joined an accounting firm in London
and took it over, as William Barclay Peat & Co., in 1891. In 1877 accountancy firm Thomson
McLintock opened an office in Glasgow.
Meanwhile, in 1917 Piet Klijnveld opened his accounting firm in Amsterdam. Later he merged with
Kraayenhof to form Klynveld Kraayenhof & Co.
In 1925 William Barclay Peat & Co. and Marwick Mitchell & Co. (a firm founded by James
Marwick and Roger Mitchell in New York), merged to form Peat Marwick Mitchell & Company (later
known simply as Peat Marwick).
In 1979 Klynveld Kraayenhof & Co. (Netherlands), McLintock Main Lafrentz (United Kingdom /
United States) and Deutsche Treuhandgesellschaft (Germany) formed KMG (Klynveld Main
Goerdeler) as a grouping of independent national practices to create a strong European-based
international firm. Then in 1987 KMG and Peat Marwick joined forces in the first mega-merger of
large accounting firms and formed a firm called KPMG in the US, and most of the rest of the world,
and Peat Marwick McLintock in the UK.
In 1990 the two firms settled on the common name of KPMG Peat Marwick McLintock but in 1991
the firm was renamed KPMG Peat Marwick, and in 1999 the name was reduced again to KPMG. [6]
In October 1997, KPMG and Ernst & Young announced that they were to merge However, while the
merger to formPricewaterhouseCoopers was granted regulatory approval, the KPMG/Ernst & Young
tie-up was later abandoned.

Recent history[
KPMG building in Kamloops, British Columbia

In 2001 KPMG divested its U.S. consulting firm through an initial public offering of KPMG Consulting
Inc, which is now called BearingPoint, Inc. In early 2009, BearingPoint filed for Chapter 11
bankruptcy protection.
The UK and Dutch consulting arms were sold to Atos Origin in 2002.
In 2003 KPMG divested itself of its legal arm, Klegaland KPMG LLP sold its Dispute Advisory
Services to FTI Consulting.
KPMG's member firms in the United
Kingdom, Germany, Switzerland and
Liechtenstein merged to form KPMG
Europe LLP in October 2007. These
member firms were followed by Spain,

cutting through complexity

Belgium, the Netherlands,

Type

Luxembourg, CIS (Azerbaijan, Russia,

Swiss Cooperative

Ukraine, Belarus, Kyrgyzstan,

Industry

Kazakhstan, Armenia and Georgia),

Professional services

Turkey, Norway, and Saudi Arabia. They

Founded

1987; merger of Peat Marwick International

appointed joint Chairmen, John Griffith-

and Klynveld Main Goerdeler

Jones and Ralf Nonnenmacher. The new

headquarters were located in Frankfurt,

Headquarters

Amstelveen, Netherlands[1]

Area served

Worldwide

Key people

John B. Veihmeyer (Chairman)[2]

Services

Assurance

Germany.

KPMG is a professional service company,

being one of the Big Four auditors, along
with Deloitte, EY and PwC. Its global

Tax advisory

headquarters is located in Amsterdam, the

Consulting

Netherlands.[1]

Financial advisory
Actuarial

KPMG employs 162,000 people[3] and has

Legal

three lines of services: audit, tax,

and advisory. Its tax and advisory services

Revenue
Number of

US$ 24.8 billion (2014)

[3]

162,000 (2014)[3]

employees

Website

www.kpmg.com

are further

KPMG is a professional service company, being one of the Big Four auditors, along
with Deloitte, EY and PwC. Its global headquarters is located in Amsterdam, the Netherlands.[1]
KPMG employs 162,000 people[3] and has three lines of services: audit, tax, and advisory. Its tax and
advisory services are further

Audit & Assurance

Tax
Tax tools & resources
Advisory
Enterprise