Just a brief update on KPMG leadership moves that we’ve been following.
Late Friday we learned that the office managing partner (“OMP”) of the New York office has been promoted to serve as the Vice Chair of Market Development. Our understanding is that all the OMPs across the country will report to this position and it will focus on 21 key markets in the U.S.
The former head of the New York Financial Services will move up as the new New York OMP. No word on who will fill the leadership role in NYFS.
This appears to be the first instance where the OMP was promoted to a national position as opposed to a “client-facing role”.
Continue to keep us updated with the latest on the comings and goings of the grand poobahs and discuss your thoughts on the progress of the restructuring in the comments.