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Richard Fleming has been appointed UK head of advisory at KPMG, as part of new leadership appointments at the firm. Richard, currently UK head of transactions and restructuring, is one of the country’s foremost insolvency practitioners, having acted as administrator or company voluntary arrangement supervisor on numerous high profile businesses such as MF Global UK, Peacocks, Blacks, JJB and Connaught. KPMG has three functions: audit, tax and advisory. The advisory function, which had combined revenues of £859m for the last financial year, comprises management consulting, risk consulting, and transactions and restructuring. As part of the new appointments, Karen Briggs will become head of risk consulting, replacing Adam Bates who moves on to become head of innovation, and Mark Hutchinson continues in his role as head of management consulting. Karen and Mark will report to Richard, who will carry on working as an insolvency practitioner, as well as heading up the advisory practice. Richard commented: “Businesses are increasingly demanding a broad mix of advisory services as they seek to cope with the various challenges presented by a persistently volatile economic environment. Our advisory experts work across the corporate health spectrum from enhancing business profitability to assisting businesses in distress. “There are numerous examples where our advisory specialists have worked together to deliver a range of services on a particular case, the special administration of MF Global UK being a high profile example; this has involved not only our insolvency experts but technology specialists from management consulting and forensic experts from risk consulting, to name but a few. This new role enhances our ability to provide the right mix of specialists from a diverse range of skill sets at the right time. “I am looking forward to working with Karen and Mark who, like me, will continue to lead our business from the front, advising clients on the issues they face in these unpredictable times.” Other Business Money News
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