KPMG UK elects Jon Holt as Chief Executive

KPMG in the UK has confirmed that following a partnership vote, Jon Holt has been elected with overwhelming support as the firm’s Chief Executive. He will start in role immediately and will serve until the end of September 2025.

Jon has decades of experience supporting clients with audit, transaction services and advisory projects. Since joining the firm in 1994, he has led several of KPMG’s largest business units and most recently held the role of Head of Audit overseeing 7,000 people. Prior to this, Jon headed up the firm’s Financial Services practice. He has also held the role of Office Senior Partner in Manchester, leading one of KPMG’s largest offices.

Bina Mehta, Chair of KPMG UK said: “I’m delighted that Jon received the overwhelming backing of the partnership. Jon’s extensive experience and inclusive leadership style means he is well placed to deliver the next stage of our growth strategy and support our clients as the country emerges from the pandemic.”

Jon Holt, Chief Executive of KPMG UK, said: “I’m very grateful for the support of the partnership and excited about the future for our firm. We are made up of over 16,000 people doing great work for our clients and in the communities where we live and work. 

“KPMG has a great opportunity, as we exit the pandemic, to support our clients and help them build and grow their businesses during this period of profound change. I am confident that KPMG has the people, skills and expertise to grasp this opportunity.

“Now is the time to challenge ways of working and use what we’ve learnt during the pandemic to really drive positive action. This is the moment for leaders to adapt their operations, reduce their environmental footprint and recruit diverse talent right across the UK.  I am passionate about driving this change. There must be no limit in business to where talent, achievement and hard work can take you, whoever you are and whatever your background.”

Ends

Editors’ notes:

Jon Holt’s biography

Jon is KPMG UK’s Head of Audit and Chair of the firm’s Executive Committee for Audit. Prior to being appointed to his current role in 2019, Jon was KPMG UK’s Head of Financial Services, leading the firm’s Banking, Insurance and Asset Management practice. Before that, he was senior partner at KPMG’s Manchester office.
 
He has two decades of experience supporting financial services companies with audit, transaction services and advisory projects. Since joining KPMG in 1994, Jon has worked with a wide range of companies including Old Mutual PLC, Aviva PLC, Deutsche Bank, Citibank, Prudential PLC, Skipton Building Society, Covéa and Royal London Group. Jon is a Trustee of Patchwork Foundation – a non-partisan charity supporting participation of young people in democracy and civil society.

Driving inclusion and diversity has been at the heart of Jon’s strategy as a leader. As Head of Audit he has worked to ensure the firm makes its Audit practice a place where every talented auditor can thrive, regardless of their background or identity. He is personally sponsoring the firm’s Black Lives action plan in Audit and last year set up the Audit Evolution Board, which aims to bring greater diversity of thought and advises on initiatives to create a better audit business.

Key facts about KPMG UK:

• KPMG UK recorded a revenue of £2.3 billion in the year ended 30 September 2020.
• The firm has 582 partners.
• It has 15,595 full time equivalent employees (51.2% Male versus 48.8% Female).
• 30% of KPMG UK’s board are from an ethnic minority background and 55% of the board are women.

For more information contact:

KPMG UK Media Relations Team: 0207 694 8773

Zoe Sheppard, Head of Media Relations, KPMG UK

Mobile: +44 (0)7770 737 994

Email:  zoe.sheppard@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.