The combined business simplifies the firm’s organizational structure and better meets KPMG UK’s client needs with an ‘end-to-end’ service under one roof.
The combination is already working successfully “in other KPMG member firms and aligns to KPMG’s multi-disciplinary model, enabling its people to access greater professional development and broader experience.”
The new Advisory business will be “led by Lisa Fernihough and will start serving existing and new clients from 1 January 2024.”
Jon Holt, Chief Executive and Senior Partner at KPMG UK, said:
“Our new Advisory practice will bring together our consulting and deals expertise to provide a great service for our clients. Lisa is the perfect person to lead this important business for us. She is an outstanding leader and brings to the role a huge depth of experience, having advised on many of the biggest transformation projects in the market.”
Lisa Fernihough, incoming Head of Advisory at KPMG UK, said:
“Our new Advisory business brings the best of our talent together for our clients. To lead this team is an honour and one I am relishing because I know how transformative this will be, not only for our clients in bringing them a simpler, more effective service, but because of the development and career opportunities it will bring to our people.”
As noted in the update:
“We are at our very best when we collaborate, and our new Advisory capability will allow us to focus on delivering for clients by supercharging collaboration across our teams. I am excited to lead this new capability and build on the great leadership from both areas to date.”
Lisa joined KPMG in 1988 as “a graduate in its Minneapolis office and worked for the firm in Switzerland and London before leaving to set up her own business. She returned to KPMG in 2011 as a partner in the firm’s financial services practice and latterly led the consulting function for the division and led on one of its biggest accounts. In recognition of her contribution to the industry, Lisa won a Lifetime Achievement award at the Management Consultancies Association’s awards earlier this month. She is currently the firm’s Chief People Officer.”
Lisa succeeds Liz Claydon and David Rowlands, “the firm’s UK heads of Deal Advisory and Consulting respectively, who are stepping down from the UK Executive Committee.”
Liz was appointed “as Head of Global Deal Advisory in October 2022. In addition to this role, she will become a UK Vice Chair and continue as lead partner to some of the firm’s largest deal advisory clients in the UK.”
David, the firm’s UK Head of Consulting since 2017, will “transition into a new role which will be announced shortly.”
Karl Edge will take over the role of Chief People Officer and will “join the firm’s UK Executive Committee.”
Currently, Karl is Vice Chair and Head of Regions for the firm, and leads KPMG’s Private Enterprise business in the UK, and other jurisdictions.