The KPMG network was formed in 1987 when Peat Marwick International and Klynveld Main Goerdeler merged along with their respective member firms.
History of the KPMG network
When the industrial revolution of the late eighteenth and nineteenth century helped transform accounting into a profession, KPMG’s founding fathers were center stage, pioneering the industry.
William Barclay Peat
William Barclay Peat (the P in KPMG) started his career in accountancy at just 17, working for Robert Fletcher & Co. He quickly rose through the ranks, and in 1891, Peat assumed leadership of the firm, and renamed it William Barclay Peat & Co.
In 1897, the US firm Marwick, Mitchell & Company got its start in New York City. The company was formed by James Marwick (the M in KPMG) and Roger Mitchell – both Scottish immigrants. It wasn’t easy establishing a firm in the city – many thought there was no place or need for accountants, but the two soon built a strong reputation.
Meanwhile, in 1917 Piet Klynveld (the K in KPMG) opens small accounting firm in Amsterdam. Jaap Kraayenhof joins and firm becomes Klynveld Kraayenhof & Company (KKC). By the time Klynveld passed away in 1946, he left behind the largest accounting firm in the Netherlands.
The last of our founding fathers, Reinhard Goerdeler (the G in KPMG) comes into the story almost half a century later in 1953, when he joined Deutsche Treuhand-Gesellschaft (DTG).
History of KPMG member firms within the MESA region
Our local member firms have an illustrious history and over the years have grown in both scale and repute, to reach the position they are in today.
In chronological order, these member firms have a history dating back to:
- The local member firm in Sri Lanka – 1897
- The local member firm in Egypt - 1942
- The local member firm in Bangladesh - 1962
- The local member firm in Bahrain - 1968
- The local member firm in Pakistan - 1969
- The local member firm in Lebanon - 1969
- The local member firm in Oman – 1974
- The local member firm in the United Arab Emirates - 1973
- The local member firm in Qatar - 1977
- The local member firm in Saudi Arabia - 1992
- The local member firm in Kuwait - 2005
- The local member firm in Jordan - 2009
In some instances the respective firms moved to affiliation with the KPMG network at a subsequent date to the years shown above.
As a region, we have been working cohesively for over two decades.