JOHANNESBURG - Nhlamu Dlomu, KPMG South Africa’s CEO has announced the new executive team that will support her in restoring public trust and rebuilding the firm.
Dlomu said in a KPMG statement, “I am pleased to announce a strong and experienced team of KPMG partners to lead the firm. This is day one for the new KPMG, a KPMG where public interest will share an equally important role with enhanced governance, quality and ethics. We understand that the immediate road ahead will be challenging, but I believe the individuals in this team have the necessary skill, experience, passion and energy to lead KPMG to, once again, be a standard setter in the profession."
Gary Pickering, a vastly experienced and highly respected chartered accountant and audit partner will lead their audit practice.
Pickering has been the lead or engagement partner of several of KPMG’s major clients in the financial services sector. Sipho Malaba, a Chartered Accountant, will continue as the executive team member responsible for our largest business unit, Financial Services Audit. In addition, Malaba will lead the firm’s strategic projects, KPMG stated.
KPMG went on to say, that Granville Smith will lead the advisory practice and Joubert Botha, currently the Chief Operating Officer for Tax, will serve as interim leader for that part of the business.
Modise Maseng will lead the Public Sector work, continuing to help many public institutions plan and deliver better programmes for South African citizens. Makgotso Letsitsi will be the leader for KPMG People.
All three functions of the business (Audit, Tax, and Advisory) will be supported by the Markets team which will be led by Nosisa Fubu.
As part of KPMG International’s (KPMGI) continued and committed support of the South African firm, Andrew Cranston has been appointed as the interim Chief Operating Officer.
Cranston is an experienced partner who has operated in numerous countries around the world and has also been a previous COO of KPMGI.
"As part of KPMG South Africa’s action plans to improve governance and risk management, we have allocated a full time executive position to the Head of Risk, to manage client acceptance and retention within the firm. That role will be filled by Brian Stephens, a South African who is a former partner of KPMG’s US member firm. Brian has 36 years’ experience with the firm where he spent the majority of his career working with large, complex, multinational banking and other financial organisations. He is well-versed in the wide range of issues faced by global organisations and is a frequent speaker at relevant industry forums,” the statement went on to say.
The statement concluded, “This is an experienced, talented and diverse leadership team that has the right skills as well as the determination, to rebuild KPMG.”
- BUSINESS REPORT ONLINE