KPMG has revealed that Simon Collins (pictured) will become the company’s new UK chairman in October.
Collins, currently head of KPMG’s global transactions and restructuring group, will take over from John Griffith-Jones in the role and has said he is going to try to help restore public faith in the financial services sector.
He said: “Society is asking questions of business and I want us to have a clear answer.”
His victory might have come as something of a surprise after he went up against two better-known rivals in Oliver Tant and Alan Buckle, but Collins, 51, is thrilled with the outcome.
“I am delighted and greatly honoured to have been elected by my fellow partners to lead the firm,” he said.
“The world remains uncertain and troubled, but the talent, energy and integrity of our people gives me huge confidence that we can build on the great legacy of John’s leadership and the proud history of our firm.”
Over the next few months Collins will be the official chairman elect, before he takes up the position.
Griffith-Jones revealed the outcome of the election via email. He explained how under Collins’ leadership the firm is bound to be strong.
“I am delighted that Simon will be taking over from me in October. He has received a clear mandate from the partnership and I am sure that under his leadership the firm has a bright future.
“Simon has already proven himself to be a fine partner and leader, greatly respected by his peers, clients and industry alike.
“At a time of regulatory uncertainty for our profession, I am certain that Simon will provide the strong and clear leadership needed in order to move the firm forward into the future.”
Collins, who first qualified as a chartered accountant in 1986, founded KPMG’s Debt Advisory practice in 1998, after working for NatWest, where he was global head of debt structuring.
He is a member of the KPMG Europe LLP Executive and Board, the KPMG India Oversight Board and KPMG’s Global Advisory Executive.
He is also part of the government’s Industrial Development Advisory Board.
When he takes up the role of chairman, one of the things Collins already has an eye on is securing and keeping top talent within KPMG’s ranks.
“That’s pretty high up the top of my list,” he said.