A Brief History of KPMG

1869: 17-year-old William Barclay Peat joins accountancy firm Robert Fletcher & Co. (London)

1877: accountancy firm Thomson McLintock opens an office in Glasgow (1)

1891: Robert Fletcher & Co. renamed William Barclay Peat & Co. (2) , after W. B. Peat becomes its head

1897: Marwick Mitchell & Co. (3) founded by James Marwick and Roger Mitchell in New York City

1917: Piet Klijnveld and Jaap Kraayenhof open Klynveld Kraayenhof & Co. (4) in Amsterdam

1925: William Barclay Peat & Co. (2) and Marwick Mitchell & Co. (3) merge to form Peat Marwick Mitchell & Company (later known simply as Peat Marwick) (5)

1963: Main LaFrentz & Co. (6) formed by the merger of Main & Co and FW LaFrentz & Co.

1969: Thomson McLintock (1) and Main LaFrentz (6) merge to form McLintock Main LaFrentz International (7).

1979: Klynveld Kraayenhof & Co. (4), McLintock Main LaFrentz (7) and Deutsche Treuhand-Gesellschaft (Germany) form KMG (Klynveld Main Goerdeler) (9)

(Dr. Reinhardt Goerdeler was chairman of Deutsche Treuhand-Gesellschaft for many years, and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.)

1979: Main Lafrentz & Co. (7?) merge with Hurdman and Cranstoun to form Main Hurdman & Cranstoun (10).

1987: KMG (9) and Peat Marwick (5) join forces to form a firm called KPMG in most of the world (including the USA), but Peat Marwick McLintock in the UK

1990: KPMG and Peat Marwick McLintock settle on the common name KPMG Peat Marwick McLintock

1991: KPMG Peat Marwick McLintock renamed KPMG Peat Marwick

1999: KPMG Peat Marwick renamed KPMG


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