KPMG Partners Agree to Merge UK and Swiss Operations

KPMG partners voted to merge the professional services firm’s UK and Swiss businesses, creating a unit with about $4.4 billion of revenue.

The new company will be led by KPMG’s UK Chief Executive Officer Jon Holt, while Stefan Pfister, currently the boss of the Swiss arm, will become deputy CEO. The combined firm, which was proposed last year,will from October offer audit, tax and legal, and advisory services.

“We will have the scale to significantly enhance our ability to deliver great outcomes for our clients both internationally and within our domestic markets,” Holt said in a statement. “The ...