KPMG merges UK and Switzerland business to form £3.4 billion group

British and Swiss partners of KPMG have voted overwhelmingly in favour of merging their partnerships, creating a £3.4 billion professional services group.

The merger will see KPMG establish a new limited liability partnership (LLP) bringing together the two firm’s equity partners. The new LLP will own the existing UK and Swiss firms.

Jon Holt, KPMG UK’s chief executive and senior partner will lead the new partnership as Group CEO with Stefan Pfister, CEO of KPMG Switzerland, as Group Deputy CEO of the…