KPMG launches global centre of excellence for family business

KPMG has launched a global centre of excellence dedicated to family business. This initiative offers greater access to knowledge and expertise available across the global network of family-owned companies.

KPMG launched the initiative in collaboration with Young Presidents’ Organisation (YPO) that provides all members of YPO’s Global Family Business Network (GFBN) with exclusive access to knowledge on family businesses.

“Family businesses are a pillar of economic growth in Qatar,” said Yacoub Hobeika, partner (audit and advisory) KPMG in Qatar.

“KPMG recognises the importance of family business and the launch of dedicated centre of excellence for family businesses would ensure the valuable business insights and the knowledge of external experts is shared with family businesses in Qatar.”

“Our collaboration with KPMG helps us further our mission of strengthening families, businesses and legacies by connecting members to one another and to the best resources in the world,” said GFBN director Vicki Novikoff Barnhart.

KPMG’s Centre of Excellence for Family Business takes the form of a dedicated team based in Paris and a combination of practitioners from KPMG member firms and independent experts such as Christine Blondel (senior advisor to KPMG on family business intelligence), an adjunct professor of Entrepreneurship and Family Enterprise at the Wendel International Centre for Family Enterprise at INSEAD.

KPMG’s Centre of Excellence provides insights on seven key issues of family business such as growth, governance, assurance, exit strategies, wealth preservation, philanthropy and succession and next generation.

KPMG said its family business approach utilises the “best combination” of these seven needs. By sharing family business best practices and know-how, KPMG professionals will contribute to and increase knowledge of family businesses. Publications, articles, surveys and opinions are already available on the blog www.kpmgfamilybusiness.com