KPMG (MESA) records double-digit growth

Manama : KPMG in the Middle East and South Asia (MESA) region reported a 10.7 per cent growth in aggregated revenues of member firms across the MESA region for the fiscal year ended 30 September 2016. This was the third consecutive year for the region to record double-digit growth, placing it among the fastest growing regions within the KPMG network. 

During the year, KPMG across the MESA region had over 2,500 new joiners including 12 new Partners. A further 15 Partners were appointed through internal promotions. By the year-end, KPMG’s resource pool within the region had expanded to nearly 7,000 professionals and associates with member firms present in 14 countries and covering 30 office locations, including Bahrain. 

KPMG in Bahrain’s Managing Partner, Jamal Fakhro commented: “In today’s volatile business climate, our strategic investments in technology, alliances, and our people, are fuelling our growth across our geographies and service lines.” 

In the wider Global context, KPMG International announced aggregated network revenues of US$25.42 billion for the fiscal year ended 30 September 2016 (FY16), representing an 8.0pc increase in local currency terms. 

In FY16, more than 37,000 new graduates and other entry-level professionals joined KPMG member firms, and more than 300 new external partners and more than 600 promoted KPMG partners were welcomed into the leadership ranks. KPMG’s global workforce grew by more than 8pc to almost 189,000 partners and staff, the highest number of individuals ever employed across the network.