KPMG launches plan to combine firms in Americas, Europe

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New York -- Threatened with the defection of its entire Canadian practice, KPMG unveiled plans to combine member firms in North and South America, as well as national practices in Europe, to create global operating regions. Colin Sharman, chairman of KPMG International said the first combination would involve practices in the U.K., Germany, France and the Netherlands, which will now operate as the EMA--Europe, Middle East and Africa--regional practice. The Americas practice will include Latin America, Mexico and the Caribbean, as well as Australia and New Zealand. It was not clear how this restructuring differed from the global restructuring announced last year. KPMG's Canadian partners last week expressed frustration at the slow pace of that restructuring and at poor connections between firm offices worldwide, which they said hurt their ability to serve multinational companies. (From Crain's New York Business.)
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