KPMG is looking at reshaping its business (pic: KPMG)
Big Four accountant KPMG is considering a sale of its restructuring arm as the major players seek ways to reshape their businesses in the face of regulatory and economic pressure.
A sale is seen as part of a wave of deals that could be imminent as the sectors dominant firms seek to address perceived conflicts of interest between their audit arms and other operations.
KPMG is to close its Makinson Cowell, its investor advisory business, at the end of November.Heads of the division and some of its staff will join Lazard, the asset manager.
It also sold its pensions division for more than 200m in March to Exponent, a private equity group, in a deal that freed the business of awkward …
Read the full article at: https://dailybusinessgroup.co.uk/2020/10/kpmg-looking-at-sale-of-restructuring-business/