- 'K' stands for Klynveld. Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917.
- 'P' is for Peat. William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870.
- 'M' stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897.
- 'G' is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of Deutsche Treuhand-Gesellschaft and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.
... that brings us to KPMG Today!
After completing what was the accounting profession's first mega-merger, KPMG has taken a number of innovative steps to transform the professional services industry.
Eight years ago, it was the first multidisciplinary organization to establish itself along industry-specific lines of business. This enabled KPMG member firms to tailor services and strategies to the individual needs of clients across a range of global industry markets.
In 1999, KPMG strengthened its organization by creating three operating regions — the Americas, Europe/Middle East/Africa and Asia Pacific. KPMG was the first organization to take such an aggressive step in uniting national and local resources — people, ideas, products, technologies and knowledge.
On October 1, 2007 KPMG Europe LLP was launched. The creation of KPMG Europe LLP was a first step towards a pan-European KPMG firm.