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October 9, 2012

KPMG UK appoints non-exec board

KPMG UK has announced a new board of six non-executive partners to support the ten executive board members and ensure a "diverse leadership" representing the partner group.

The board, which the company says signals "the firm’s commitment to improving corporate governance", is made up of five non-executives voted for by the partnership with a sixth, leader Richard Reid, appointed by recently elected chairman Simon Collins.

The board is comprised of:

Kru Desai, who leads the public sector team within the management consulting practice, and has 20 years experience in the public and private sphere, particularly regional government and healthcare. She also chaired the Minority Ethnic Group of the DWP National Employment Panel for three years.

Jonathan Hurst, KPMG’s northern regional chairman who works with some of the firm’s largest audit clients and previously spent two years on secondment to the Ministry of Defence.

Richard Reid, the London regional chairman and chairman of KPMG’s UK China practice. He also sits on the Board of Accounting for Sustainability and is chairman of the Safer London Foundation.

Melanie Richards, a debt advisory partner with corporate finance, with over 30 years experience of the capital markets after 18 years at Natwest. She also lead KPMG’s senior business women’s network, is a member of the 30% steering committee and sits on the board of the charities The Eve Appeal and Orbis UK.

David Sayer is the firm’s global head of banking having joined in 2005, after previously working at PwC, IBM and Lloyds Banking Group. He has been involved in the restructuring of several European banks since 2008.

Ian Starkey, an audit partner on large global corporate clients who has worked in Birmingham, London and Switzerland, started as a forensic specialist before heading the consumer markets practice and switching to audit.

Simon Collins, KPMG UK chairman, said the creation of the board is part of a "new corporate governance structure" with the partners reflecting "a diverse mix of the characters, backgrounds and skill sets" of KPMG’s professionals.

The creation of the new non-executive board follows the appointment of a new ten-strong executive team in May.

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