Best Financial Advisory Team GCC 2022
With unparalleled experience in audit, tax and advisory services, KPMG has the depth of knowledge and breadth of skills needed to guide banks as they harness the power of data and technology, empowering their people to provide a truly customer-centric service. Over the past five years, KPMG has been involved in every M&A in the Emirati and Omani banking sector. It also facilitated four M&A in the insurance sector last year.
KPMG has been servicing the Banking, Financial Service and Insurance regional market for over 40 years. Over the past 24 months, it assisted numerous UAE banks to implement International Financial Reporting Standard (IFRS) models and conducted dozens of assessments for regional clients. It was hired to assess clients’ cybersecurity systems, checking network vulnerability from the inside out. It organised industry-wide wargaming to test banks’ detection and defence capabilities against cyberattacks. It evaluated banks for credit and fraud risk exposure, designed and implemented security architecture, and provided outsourcing support for IT and compliance functions. It
KPMG LG has provided internal audit services to leading local and international banks, some of large sovereign wealth management entities, capital markets and insurance companies in UAE and Oman. KPMG LG has conducted dialogistic reviews and implemented corporate governance framework and practices in local banks and insurance companies in line with applicable regulatory requirements and global leading practices.
KPMG is committed to promoting the insurance and reinsurance industry in the MENA region and has organized joint seminars on various relevant topics for the benefit of the stakeholders and regulators, for example the Oman State Budget Seminar, and Covid-19: Implications for the GCC banking sector. It is among the most prolific producers of localized Financial Services thought leadership reports in the region.
KPMG Lower Gulf is part of KPMG International Cooperative’s global network of professional member firms. The network includes approximately 236,000 professionals in over 145 countries. The Lower Gulf firm now employs approximately 1,783 people, including about 192 partners and directors across the UAE and Oman.
It combines decades of experience with expert market analysis to publish reports and insights – free of charge – through its digital channels. It hopes these efforts will benefit clients as well as the community at large, keeping clients informed and providing a vast library of resources on its website for all to explore. Since its launch in 1973, KPMG has provided clients across the Gulf Cooperation Council (GCC) region with financial advisory services that move business forward.
The CFI.co judging panel presents KPMG Lower Gulf – a repeat programme winner – with the 2022 Best Financial Advisory Team (GCC) award.
Best Digital and Innovation Advisory Team GCC 2022
Over the last two years, KPMG Lower Gulf has spearheaded notable digital and innovation projects across the banking, public health, and government sectors in the region. Notably, it facilitated the deployment of synthetic data for the region's inaugural digital banking platform, enhancing customer onboarding, risk management, and regulatory compliance. Collaborating with a healthcare regulator, KPMG developed a custom AI-powered simulator to assist policymakers in disease impact management. In the cybersecurity domain, it orchestrated a cyber wargaming exercise for the UAE's banking sector. Leading digital transformations for a major regional hospital and a government agency, KPMG accelerated technology adoption, upskilled staff, and increased automation. The firm has actively contributed to thought leadership with reports on diverse topics, organizing events and webinars on subjects like smart cities, cybersecurity, artificial intelligence, and open data. Notably, KPMG bolstered its digital and innovation team by recruiting nine senior members, including four Partners and two Directors.
KPMG achieved strong results in 2021 and reported global revenues of $32.13 billion in the 2021 fiscal year, an increase of 10%, with growth across functions: Advisory growing at 17%, Audit at 4% and Tax & Legal Services at 8%. It exhibited strong growth in its talent pool and impressive increases in key growth sectors such as financial services, government, infrastructure, energy and natural resources and healthcare.
KPMG Lower Gulf has been contributing to the socio-economic growth of the Gulf Cooperation Council (GCC) region since its founding in 1973. KPMG Lower Gulf is part of KPMG International Cooperative’s global network of professional member firms. KPMG in the UAE and Oman is well connected with its global member network and combines its local knowledge with international expertise, providing the sector and specialist skills required by our clients. The Lower Gulf firm now employs approximately 1,783 people, including about 192 partners and directors.
KPMG Lower Gulf – a repeat programme winner – claims the 2022 Best Digital and Innovation Advisory Team (GCC) award.