KPMG Asia Pacific posts record results, plans major investment in talent and tech
KPMG Asia Pacific has announced record results for its 2018 financial year and plans for significant regional investment in talent and technology, as well as enhanced collaboration in the region.
Honson To, chairman of KPMG Asia Pacific and co-chairman of KPMG China, said on Monday: “We have just announced record results in FY18 for KPMG globally and in particular for Asia-Pacific, achieving the fastest growth rates, delivering US$4.9 billion [Bt160 billion] in revenues and reflecting the strength and importance of our multi-disciplinary firm. We have also seen a fourth year of double-digit advisory growth in Asia-Pacific.
“To build on this momentum, we are today announcing our new regional strategy predicated on trust and growth with our ambition to double in size over the next five years. We have committed to collectively invest over $1 billion a multi-year investment programme to further develop holistic and tailored solutions for our clients and also co-create with our clients and strategic alliance partners through our new innovation hubs, ignition centres and other centres of excellence across the region.”
As the fastest-growing region, KPMG Asia Pacific is also looking to expand its footprint across all 20 countries and jurisdictions where it operates, To said.
This includes plans to create more than 25,000 diversely skilled professional roles over the next four years, in line with the firm’s workforce-of-the-future strategy, focused on broadening capability to include STEM (science, technology, engineering and mathematics) skills and developing the next generation of cyber, cloud and regulatory change experts, solution architects and digital-transformation specialists.
