KPMG has opened a new office in Gibraltar after a break of four years. The global audit and advisory firm ceased to have direct representation in Gibraltar in 2004, but the attractions of the jurisdiction as a vibrant and growing financial services centre, and a key gateway to Europe, have proved too hard to resist.
Neil Duggan, KPMG Gibraltar’s Audit Director commenting on the new set up said, “Our re-establishment in Gibraltar has been welcomed by Government, our international clients, and indeed our fellow professionals and we are extremely grateful for all of the advice and support we have received throughout the process”.
The new Gibraltar firm will form a part of an informal network of KPMG offices in the leading offshore jurisdictions, all of whom work closely together to deliver the specialised professional services essential to clients operating in the international financial services environment.
In the initial stages of operation, KPMG Gibraltar will be supported by KPMG’s Isle of Man member firm. David McGarry, Managing Director of KPMG Isle of Man and also Chairman of the network of KPMG offshore firms stated, “Whilst the support of KPMG Isle of Man will be essential in the early stages of the operation of our Gibraltar office, we recognise that strong local presence and the development of key relationships will be critical to our longer term success, and we are placing a high priority on the recruitment of highly qualified and experienced Gibraltar-based professionals for our new team”.