The KPMG network was formed in 1987 when Peat Marwick International and Klynveld Main Goerdeler merged along with their respective member firms.
The KPMG network was formed in 1987
K stands for Klynveld. Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917.
P is for Peat. William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870.
M stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897.
G is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of Deutsche Treuhand-Gesellschaft and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.
The history of KPMG internationally
In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co. joined forces to form what would later be known as Peat Marwick International (PMI), a worldwide network of accounting and consulting firms.
In 1979, Klynveld joined forces with Deutsche Treuhand-Gesellschaft and the international professional services firm McLintock Main Lafrentz to form Klynveld Main Goerdeler (KMG).
In 1987, PMI and KMG and their member firms joined forces. Today, all member firms throughout the world carry the KPMG name exclusively or include it in their national firm names.
The history of KPMG in Taiwan
KPMG in Taiwan was founded in 1952 by Mr. Andrew A. H. Chang. The firm entered into an association with Peat Marwick Mitchell & Co. in 1971, making it one of the oldest internationally affiliated accounting firms in Taiwan. In 1987, with the worldwide merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG). In 1987, the firm merged with KMG's practice in Taiwan and became a member firm of KPMG.
Effective January 1, 1999, the firm merged with the Taiwan member firm of Coopers & Lybrand. KPMG Advisory Services Co., Ltd. (formerly KPMG Consulting Co., Ltd.) was established in 1986 to provide business advisory services. KPMG Corporate Finance Co., Ltd. (formerly KPMG Financial Advisory Services Co., Ltd.) was established in 2005 to provide professional financial advisory services.
KPMG Sustainability Consulting Co., Ltd. Was established in 2011 to provide enterprises growing sustainability.
In 2015, KPMG IT Advisory Services Co., Ltd. and KPMG Deal Advisory Limited were established. KPMG Pharmaceutical and Life Science Consulting Co. Ltd. was established in 2017 to provide a wide range of business services and solutions.