KPMG to rejig executive portfolios for growth push
Growing uncertainties in the corporate world and increased competition among consulting firms have prompted KPMG to restructure its organisation.
By MV Ramsurya, ET Bureau |
MUMBAI: Growing uncertainties in the corporate world and increased competition among consulting firms have prompted KPMG to restructure its organisation such that existing heads have been given additional responsibilities, while there is increased focus on sectors. The move is to make consulting firms more applicable to changing industry norms. while at the same time retaining expertise on areas such as advisory and tax.
The new structure will change existing industry heads in the consulting major with new industry heads being appointed for KPMG���s consumer markets, financial services and infrastructure and government businesses. The new appointments for KPMG India will be effective from October 1.
Other significant changes in KPMG include Pradip Kanakia being appointed as the new head of markets in India; new industry heads include Abizer Diwanji as head of financial services, Harishanker Subramaniam (head of infrastructure and government), Sudhir Kapadia (head of consumer markets), Rajesh Jain (head of information, communication and entertainment) and Yezdi Nagporewalla (head of industrial markets).
The industry leaders will also be part of the executive team for KPMG in India. Also, a multi-disciplinary team comprising senior experienced partners have been chosen to focus more on the firm���s market agenda.
The new structure will change existing industry heads in the consulting major with new industry heads being appointed for KPMG���s consumer markets, financial services and infrastructure and government businesses. The new appointments for KPMG India will be effective from October 1.
Other significant changes in KPMG include Pradip Kanakia being appointed as the new head of markets in India; new industry heads include Abizer Diwanji as head of financial services, Harishanker Subramaniam (head of infrastructure and government), Sudhir Kapadia (head of consumer markets), Rajesh Jain (head of information, communication and entertainment) and Yezdi Nagporewalla (head of industrial markets).
The industry leaders will also be part of the executive team for KPMG in India. Also, a multi-disciplinary team comprising senior experienced partners have been chosen to focus more on the firm���s market agenda.
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���With the significant growth that we have experienced across our seven offices in India, this industry-focused structure aims to better meet the needs of our clients in a changing market place,��� said KPMG India CEO Russell Parera.
The restructuring in the large Big Four consulting firms indicates an acceptance of a changing business environment where steep input costs and slowing demand have contracted margins among companies and also forced some to shift audit mandates to smaller firms.
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