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KPMG Announces New CEO Appointment
October 15, 2012
By Michael Foster, Big4.com Blogger
Richard Rekhy has been chosen as the new CEO of KPMG India operations. Previously, Rekhy had been Head of Advisory for KPMG India. Rekhy had previously worked in KPMG RAS Practice from 2004 to 2006, until he was promoted to COO of KPMG India in 2006.
Rekhy is an Indian-educated expert in corporate governance and risk management, and has worked in the field for over 25 years. He has a Bachelor of Commerce from Delhi University and is a member of the Institute of Chartered Accountants in India.
Rekhy has pushed for greater transparency and investment in India in his role, and has witnessed double-digit growth in KPMG practice during his time as COO. In a statement, Rekhy said that he hopes to see greater growth in the Indian economy as CEO. “The global and the India economy are going through some significant changes. I keenly look forward to invest in our clients and people and lead the KPMG practice in India towards the next wave of growth,” he said.
In 2011 Indian practices saw 25 per cent growth for KPMG, making it the most growing country or region for KPMG’s practice. However, the firm expects Indian revenue to face challenges from slowing growth and global pressures, particularly from Europe, the United States, and other emerging markets.