Partners at KPMG Switzerland and KPMG UK have voted overwhelmingly in favour of merging their partnerships and will become a new $4.4bn business, working across audit, tax and legal, and advisory.
This will make the firm the second largest in the KPMG network by some distance.
Jon Holt, chief executive and senior partner of KPMG UK said: “This marks a historic moment for both firms. We will be stronger as one combined firm and together we will have the scale to significantly enhance our ability to deliver great outcomes for our clients both internationally and within our domestic markets.”
The new partnership will mark its first day on 1 October 2024.
