Mr. Thomas’ move into the top job is a sign of the increasing importance of consulting and advisory services, and the higher-margin revenue they generate
Benjie M. Thomas, pictured in Toronto on May 24, has been selected to take over as CEO of KPMG Canada LLP. Mr. Thomas is the company's managing partner for the firm’s advisory practice and will move into CEO role on Oct. 1.KPMG Canada LLP has chosen Benjie Thomas to be its next CEO, promoting a top executive with deep experience advising on deals, as well as strong relationships with private equity firms and pension funds.
He is the second new CEO named to lead one of the big four global accounting firms’ Canadian offices in recent weeks. Earlier this month, Ernst & YoungThe decision to tap Mr. Thomas as CEO is a sign of the increasing importance of consulting and advisory services – and the higher-margin revenue they generate – to one of the world’s largest tax and accounting firms. In Canada, KPMG has more than 10,000 employees, and the advisory practice Mr. Thomas oversees accounts for about 2,000 of them.
Colleagues also see him as an approachable, affable leader who embodies the company’s culture and as an enterprising executive with a competitive urge to win business. A former varsity football player at the University of Waterloo, where he studied accounting, his office wall in Toronto is lined with framed basketball jerseys and sports memorabilia.
Under Mr. Luongo’s tenure as CEO, KPMG Canada has invested heavily in technology to adapt its own systems and advise clients on how to cope with the pace of change as digitization, cloud computing and emerging AI tools promise to reshape businesses.
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