Today’s news in brief – 11/3/2025
KPMG is set to merge dozens of national affiliates, reducing its economic units from over 100 to as few as 32 by 2025. This restructuring aims to boost growth and enhance audit quality, addressing concerns about smaller firms’ ability to balance compliance costs. The move expands KPMG’s ‘clustering’ strategy, which previously merged units in the Middle East, Africa, and Switzerland. Firms failing to meet a $300m revenue threshold will no longer qualify as full network members. COO Gary Wingrove emphasized that fewer business units simplify global operations. KPMG has yet to comment on the reported restructuring.
Allinial Global has named Tony Sacre as its new CEO, succeeding Mark Koziel. Sacre, with 25 years of experience at global financial institutions including HSBC and JP Morgan, previously led Bentleys Australia and New Zealand. He is the first CEO from the APAC region in Allinial Global’s history. Having served on the association’s global executive board, he brings deep insight into its mission. Sacre aims to expand Allinial’s international influence while supporting its US presence. Board chair Jim Wallace praised his leadership. Sacre emphasized innovation and collaboration to strengthen Allinial Global’s standing among independent accounting and advisory firms.
BDO LLP has appointed Adam Beasant as an audit partner in its Reading office. Beasant, formerly an audit director at PwC for over 20 years, brings extensive experience across technology, insurance, wealth management, and manufacturing sectors. David Brookes, BDO’s regional head, highlighted Beasant’s strong reputation and expertise in mid-sized businesses. Beasant looks forward to working with BDO’s highly respected team and contributing to its continued growth in the Thames Valley. He sees exciting opportunities in the region and aims to support mid-market businesses, a key growth area for BDO’s expanding audit practice.
FRP has appointed Neil Withington as director for corporate simplification. With 23 years of experience at EY and Deloitte, he has advised on major legal entity reductions, including HSBC’s global restructuring and the 2012 London Olympics dissolution planning. Based in Leeds, he will work nationally to enhance FRP’s pre-elimination and solvent liquidation services. Withington emphasized corporate simplification’s benefits for managing risk, reducing costs, and adapting to regulatory changes. COO Jeremy French welcomed his expertise, noting strong market demand. His appointment reflects FRP’s commitment to expanding its advisory services for both existing and new clients.
