Stephen Yiu has been appointed chairman of KPMG China. Yiu succeeds Carlson Tong in his new role and will begin a four year term on 1 April.
Yiu joined KPMG in 1983 and previously served as audit partner-in-charge for KPMG China. He was most recently appointed deputy chairman of the firm.
Yiu has extensive experience of the securities market in mainland China and Hong Kong, having assisted clients in the initial public offering of shares on the China and Hong Kong stock exchanges.
“This is an exciting time to be taking on the role of chairman for KPMG China. We will continue to see strong growth in mainland China and Hong Kong, as these economies emerge successfully from the global financial crisis,” Yiu said.
“China is now the world’s second largest economy and Hong Kong is showing encouraging signs of renewed business confidence. With our clients expanding both domestically and internationally, these markets are a key part of KPMG’s global strategy as we assist our clients to achieve their business goals.”