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KPMG appoints 'Brexit chief' following Leave vote uncertainty

Published 06/07/2016

The firm said that many firms are looking ahead to the opportunities which may arise in the next two years, as well as managing risk factors
The firm said that many firms are looking ahead to the opportunities which may arise in the next two years, as well as managing risk factors

Accountancy giant KPMG has appointed a Brexit chief to help its clients adapt to the post-EU referendum world.

The firm has drafted in senior partner Karen Briggs into the newly created role of "Head of Brexit".

KPMG chairman Simon Collins said: "Friday June 24 represents a pivotal moment in UK business history: Brexit will dominate the business agenda for some time.

"We have pulled together experts from across the firm to provide the help and guidance our clients need and have appointed one of our most senior partners to our executive committee to lead the charge."

KPMG said that Ms Briggs will lead efforts to help clients navigate risks, opportunities and stalling activity, highlighting the fact that six deals the firm was working on have been put on hold in the wake of the vote.

Ms Briggs added: "Many of our clients have been seeking advice on their immediate risks.

"However, we are now seeing clients look further ahead to what opportunities might lie ahead in the next two years - whether these are bolstering trading relationships with China or out-manoeuvring competitors."

A number of firms have already warned over the implications of the Leave vote.

Last week, e asyJet said it is drawing up plans to potentially move its legal headquarters out of the UK and into Europe, and Virgin Group founder Sir Richard Branson said he had pulled the plug on a deal worth 3,000 jobs due to the uncertainty created by the decision to quit the EU.

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