KPMG have confirmed the departure of UK senior treasury consultants Andrew Foulkes and Shawn McCarthy, but denied that this represents a withdrawal from the treasury consulting business. ‘We are very much in the treasury game,’ said a KPMG spokesperson, who added that whilst ‘large transformation projects’ were less in demand, treasury remained a ‘significant growth area’ for the firm. A regrouped team of ten consultants led by Lee Edwards will continue to provide treasury consulting services in the UK, according to KPMG. Consultants will focus on debt issue support, IAS implementation, as well as risk management, controls and reporting projects.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.