KPMG

Spanish to join KPMG merger in Europe - Vote to join Europe's largest fully integrated accountancy firm

Zurich (ots) - KPMG's member firm in Spain has voted to join KPMG Europe LLP alongside the U.K, Germany and Switzerland in a move which will enhance the merged firm's position as Europe's largest fully integrated accountancy firm. The Spanish practice of KPMG has grown very successfully over the last three years. In the year to September 2007, revenues were Euro 175m. The partners of KPMG's member firm in Spain have voted to join KPMG Europe LLP alongside the U.K, Germany and Switzerland in a move which will enhance the merged firm's position as Europe's largest fully integrated accountancy firm. The combined firm will have more than 23,000 partners and staff working from 75 offices across the four countries - with revenues in excess of Euro 4.1bn in 2007. Partners of KPMG Spain approved the merger proposal in a vote last Friday. The vote is subject to the agreement of the U.K, German and Swiss partners. John Scott, senior partner for KPMG Spain, will join the KPMG Europe board. The Spanish partners' vote is the latest stage in KPMG's ambition to create the most fully integrated accountancy firm across Europe. Rolf Nonnenmacher and John Griffith-Jones, joint chairmen of KPMG Europe LLP, said: "We warmly welcome the decision of our colleagues in Spain to join the KPMG merger in Europe. Their decision to join builds on the foundations formed when the UK, Germany and Switzerland member firms agreed to merge and we are delighted that they wish to become part of our ambition to create the most successful professional services firm in Europe, for the benefit of both our clients and our people. We look forward to other member firms joining in due course." John Scott, senior partner for KPMG Spain added: "This move is a definitive step in our goal to consolidate our reputation as employer of choice. It will increase our ability to recruit and retain talent, will develop wider career opportunities with more options to participate in cross-border projects, and will promote deeper knowledge sharing. Consequently, our capabilities to add value to our clients will enhance our competitive advantage and market leadership". Hubert Achermann, CEO of KPMG Switzerland says: "The decision made by the partners from KPMG Spain confirms the innovativeness and attractiveness of the KPMG Europe LLP merger. In addition to that brings us the integration with Spain closer to the Latin American market." ots Originaltext: KPMG Internet: www.presseportal.ch Contact: KPMG Ltd Stefan Mathys Brand & Communications Phone: +41/44/249'27'74 Mobile: +41/79/227'98'31 E-Mail: kpmgmedia@kpmg.ch

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