KPMG appoints CEO in Bermuda

Financial advisory firm, KPMG has appointed James Berry as CEO in Bermuda, after the company announced the sale of its restructuring practice to Teneo. Berry has been with KPMG for over 20 years and in Bermuda for 17 years.

As the head of audit for the last six years, he has been a key part of the firm’s executive committee, and a member of the broader leadership team since becoming a managing director in 2011.

As part of the transaction, Mike Morrison, CEO of KPMG in Bermuda, and Charles Thresh, head of advisory, will leave the firm to join Teneo, along with the restructuring team.

Other leadership changes include Gary Pickering as the new head of audit and Mark Allitt as the new head of advisory. Will McCallum will continue as head of tax.

“The restructuring marketplace is evolving globally with a number of transactions occurring in the past year where teams from the Big 4 have joined independent advisory firms,” Berry said. “Our transaction with Teneo recognises the changing market dynamic and is a fantastic outcome for KPMG, Teneo, our restructuring team and their clients.”