KPMG LLP, the U.S. audit, tax and advisory firm, today announced that Tarek Ebeid has been named KPMG Private Audit Leader.
“While the number of public companies continues to decline, capital investment is flowing in record volume into the private markets, and with that, the number of private equity and venture backed companies will continue to grow,” said Scott Flynn, KPMG U.S. Audit Vice Chair. “As KPMG Private Leader, Tarek will help us to accelerate our efforts to support founders navigating an increasingly complex regulatory and financial reporting landscape, their investors and capital market stakeholders looking for a distinct approach to private audits.”
Private companies are optimistic about growth
According to The Disruption Dilemma: KPMG survey on Private and Recent IPO Company Outlook, 72% of private and recently public company leaders say they feel prepared to capitalize on major growth opportunities today. Additionally, nearly 70% of the companies surveyed are projecting an increase in their M&A deal activity over the next 18 months.
“Private companies are navigating a more complex regulatory landscape, contending with heightened expectations from stakeholders and competitors, while also aiming to seize growth opportunities,” said Tarek Ebeid, KPMG Private Leader. “Founders and their investors are looking for a technology-driven audit approach that enables deeper insights, helps them to identify and evaluate risks in real-time and increases trust.”
Working across the private markets
As KPMG Private Leader, Tarek will work with leaders across Asset Management, Private Equity and Private Enterprise and the Firm to bring our distinct KPMG private approach, technology-enabled audit execution and our industry and technical expertise to private companies, their founders and investors at every stage of the business.
Tarek has been with KPMG for more than 30 years, during which he has held several leadership positions. Since 2023, he has served as Audit Partner-in-charge for the Northern California Business Unit. Previously, he served as the global lead partner for the Firm’s largest private equity Audit client, as well as Professional Practice Partner for the Northern California Business Unit. He also led the financial services practice and on the KPMG U.S. Capital Markets desk in Hong Kong.
Tarek earned his bachelor’s degree in business administration and management from the University of San Francisco. He is an AICPA certified accountant and serves as an SEC Reviewing Partner. Tarek also serves on the Dean’s Circle Advisory Board for the University of San Francisco’s School of Management.
Learn more about KPMG Private: KPMG Private.
# # #
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 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.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at www.kpmg.com/us.
KPMG AI Quarterly Pulse Survey
As macroeconomic pressures, investor demands, and efficiency imperatives mount, business leaders are actively working to align their GenAI ambitions with practical execution, according to the latest KPMG AI Quarterly Pulse Survey.
2024 Tax Reimagined: Perspectives from the C-Suite
9 in 10 C-suite leaders recognize their tax department as a pivotal contributor to enhancing trust among diverse stakeholders, according to the latest KPMG report.
KPMG LLP Announces Strategic Investment in Agentic AI Startup Ema
KPMG announced a minority equity investment in Ema, an agentic AI startup building universal AI employees.