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History

 

KPMG was formed in 1987 with the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual member firms. Spanning three centuries, the organization's history can be traced through the names of its principal founding members - whose initials form the name "KPMG."

J Kraayenhof - KPMG Founder William Peat - KPMG Founder James Marwick - KPMG Founder Dr. Reinhard Goerdeler - KPMG Founder
K for Klynveld.
Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917.
P for Peat.
William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870.
M for Marwick.
James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897.
G 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.

1867 Robert Fletcher establishes accountancy firm which later becomes Peat Marwick Mitchell
1870   William Barclay Peat joins firm
1877   Thomson McLintock opens office in Glasgow
1897   Marwick Mitchell & Co established in New York
1925   Peat and Marwick Mitchell & Co join to create a transatlantic firm
1979   Thomson McLintock forms KMG, a grouping of independent national practices to create a strong European-based international firm
1987   The two firms merge worldwide to create one firm, KPMG; in April in the UK, Peat Marwick McLintock is born
1990   January, name amended to highlight the international strength of the firm: KPMG Peat Marwick McLintock
1991   October, McLintock name is dropped to create KPMG Peat Marwick
1994   July, UK firm announces intention to explore incorporation
1995   6th February, the UK firm shortens its name to KPMG
1995   October, KPMG Audit Plc formed, which undertakes our publicly quoted and regulated financial service audit practice.
2002   KPMG in the UK becomes a limited liability partnership.
2007   KPMG Europe LLP launched on 1 October 2007. It is a new UK. registered LLP, with its head office in Frankfurt.

 

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© 2008 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.