4 AUGUST 2015 Consulting®
ShortTakes Trends, Views and Analysis
‘Business is Booming’
KPMG’s Carl Carande is confident, bullish as he takes over as Vice Chair of Advisory
Last month, Carl Carande assumed
the new role as KPMG’s Vice Chair
of Advisory. He takes over the role
from Lynne Doughtie, who is now
KPMG’s U.S. Chairman and CEO.
Carande had been serving as KPMG’s
National Managing Partner alongside
Doughtie, which should help ensure
the transition is a smooth one, he
says. Carande takes over an Advisory
business that contributed more than
$9 billion to KPMG’s $25 billion
in revenue in FY 2014. Consulting
Magazine sat down recently with
Carande, about a month after he had
assumed his new role on July. 1.
Consulting: It’s been almost a month in
your new role. How has the transition
been going and what’s the current state
of Advisory at KPMG?
Carande: Advisory has great momentum.
I’m taking over a business that has been
operating at a very high level. It has a se-
nior leadership team, and I’ve been very
fortunate to have been able to work with
them for the last several years. We have
great talent, we’ve been hiring very ag-
gressively and we’ve been growing our
internal team. We are really strong on the
people front—from leadership through
staff to new hires. From a client perspec-
tive, I don’t think our client portfolio has
ever been stronger, especially in the sec-
tors where we are really focused—finan-
cial services, healthcare, federal, state
and local. We have great momentum and
our financial performance has been fan-
tastic. This year, we’re going to have the
largest Partner promote class we’ve ever
had. We’ve been increasing our experi-
enced hires, which, I think validates our
story since we’re able to get top talent to
switch firms and join us. We’ll hire close
to 3,000 people this year.
And business is booming: we’re going
to grow close to 20 percent this year, and
we’re looking at a pipeline that’s going
to be up 2x over this time last year. Advisory is in a great state.
Consulting: What are some of your im-
mediate goals as you take over the role?
Carande: First of all, I’m connecting with
all of our people to discuss our continued
strategy and ensure our continued success.
But I also want to hear from our people
about what we should be doing to make
sure KPMG stays a great place to work.
Also, were coming to the end of our fiscal
year, so I’m right in the midst of refreshing
our three-year strategy and growth plan.
I’m also focused on our investments, and
we’ve made several of them both organic
and inorganic and we’re doing everything
we can to make sure they integrate well.
I’m also continuing to look for other investment opportunities.
It’s a very busy time, and I’m also very
involved with our clients. I want to make
sure that I’m keeping up with them and
KPMG’s Carl Carande