Richard Rekhy, the current CEO of KPMG India, has been unanimously elected to be the head of the accountancy firm for a second term up to November 2020.
About 240 partners at KPMG India voted in the internal elections.
Rekhy was elected as India CEO for the first time in 2012. A 1983-batch chartered accountant, he has served for over 12 years in the tax consultancy firm, rising from position of head of risk advisory practice to the top of the ladder. Prior to his stint at KPMG, Rekhy has worked with Ernst and Young, India, Arthur Anderson India and RSM and Co. as partner.
He is on the National Council of CII and chairs its Northern Region Economic Affairs and Taxation Committee and also serves on the board of American Chamber of Commerce.
He was recently appointed as the chairman of Enactus India, an international non-profit organisation.
“The passion with which Richard has led the India firm is commendable. His dedication is an inspiration for the firm and I am certain that under his leadership, KPMG in India will continue to grow at a fast pace and will play a crucial role in the network at large,” said John Scott, deputy chairman, KPMG International.
KPMG is not the only one of the big four accountancy firms where internal elections are held to choose the head of the organisation. In fact, the other three big accountancy firms -- EY (formerly known as Ernst & Young), PwC and Deloitte have a similar structure.
Deloitte had last year elected N. Venkatram as the new CEO of India operations replacing Udayan Sen who had completed eight years at the firm while PwC will go into elections this year, as Deepak Kapoor ends his second term that lasted three years.
While KPMG, PwC and Deloitte have all seen at least three CEOs over the last 12 years, EY has been the only firm where Rajiv Memani has held the top job since 2004.