KPMG International has become the first Big Four network to appoint a global chairman from the Asia-Pacific region. Michael Andrew, the KPMG Australia chairman, will succeed Timothy Flynn when steps down at the end of September.
Andrew has led KPMG in Australia since 2007 and has led the network’s Asia-Pacific region since April. He is involved with the corporate governance, strategy and risk management advice to large Australian companies.
Based in Hong Kong, Andrew said his primary focus as KPMG International chairman will be “developing and empowering our people so they can execute on our strategy and help KPMG’s client’s succeed in this increasingly complex world”.
“Under Tim’s leadership, KPMG launched an ambitious growth strategy in 2010, and with our strategic blueprint firmly in place it’s now about execution and winning in our key markets,” Andrew said. “I am passionate about KPMG and its capability for growth. Our key strength is the strong collaborative relationships KPMG member firms have with their clients.”
Flynn said Andrew’s appointment reflects the growing importance of Asia-Pacific to the global economy.
“Michael is an outstanding professional who brings an exceptional breadth of experience to the position, not only through his leadership role in Australia but with his expanding influence throughout the Asia-Pacific region,” he said.
A decorated career
Prior to leading KPMG Australia, Andrew was the managing partner of KPMG’s Melbourne office for six years and deputy chair of KPMG Australia from 2001 to 2007.
Between 1992 and 1994, Andrew was partner in charge of the international tax centre and an executive of the global tax steering group in Amsterdam. During that time, he was a member of the East European steering group responsible for opening offices and establishing tax practices in Warsaw, Moscow, Budapest and Prague. He also oversaw the development of the KPMG’s Asia-Pacific tax strategy, and was a member of the Audit Fee Sharing Taskforce.
Outside of KPMG, Andrew is heavily involved in business and community. For example, he is a member of the Business Council of Australia and a council member of the Australian Business Arts Foundation and two prominent cancer charities.
Andrew graduated with a combined law and commerce degree from Melbourne University and is a qualified barrister and solicitor of the Supreme Court of Victoria. He is also a fellow of the Institute of Chartered Accountants of Australia.
Andrew begins his new term on 1 October when Flynn retires after 32 years at KPMG.