Leading global audit, tax and advisory services firm KPMG announced today the appointment of Richard Clarke as Head of its Deal Advisory practice in the Lower Gulf region (the UAE and Oman) in a move that will further strengthen its leadership team. KPMG is significantly expanding its investment in the region, reflecting strong business growth.
Richard joins KPMG from Dubai International Capital, where he has was Managing Director – Private Equity, leading its portfolio monitoring group. He brings over 20 years of extensive experience in the region and in London, including leading the transaction and reorganization services function of another Big 4 firm in the Middle East.
Richard specializes in business strategy optimization, corporate turnaround, financial management, deal origination, financial due diligence, legal and financial restructuring, financing, deal and corporate structuring.
“On behalf of KPMG, it gives me great pleasure to welcome Richard onboard,” said Vijay Malhotra, CEO of KPMG in the Lower Gulf. “Richard is a recognized leader in the private equity and investment management space. His appointment underlines the confidence we have in the region and beyond.
“We are confident that his two decades of extensive experience and regional know-how will further strengthen our deal advisory practice while enhancing our ability to execute landmark transactions and deliver great value for our clients.”
KPMG in the Middle East and South Asia (MESA) reported a 10.7 per cent growth in aggregated revenues of member firms for the fiscal year ended 30 September 2016 (FY 16). This was the third consecutive year of double-digit growth, placing MESA among the fastest growing regions within the KPMG network of individual firms. In the wider global context, KPMG International announced aggregated network revenues of US$25.42 billion for the fiscal year ended 30 September 2016, representing an eight per cent increase in local currency terms.
In FY16, approximately 1,000 partners - over 300 new external partners and 600 internal appointments joined the leadership and more than 37,000 new graduates and other entry-level professionals joined KPMG member firms. KPMG's global workforce grew by more than eight per cent to almost 189,000 partners and staff, the highest number of individuals ever employed across the network.