As the battle for advisory services between the Big Four gets strong, KPMG is planning to hire aggressively to rebuild its consulting business. 

Currently, KPMG has 250 partners and directors in its advisory practice and plans to hire 15-20 partners and executives across levels in the next 12-18 months to strengthen its advisory practice. 

Moreover, the company plans to hire senior executives from the industry and digital experts in strategy and operations functions. The firm is also looking to hire a leader for its management consulting practice. 

At KPMG, management consulting, risk consulting, and transactions business is allocated together in the advisory business, and all the practices contribute more than half of the firm’s revenues.

Vikram Hosangady, Head of Advisory, KPMG was quoted in media saying, “We want to achieve 20% growth in business consistently, and will choose our sectors and businesses carefully so that we are the best in these. We will focus on chasing quality of revenue, not just volume.”

Last year, Deloitte was reported to poach 20 partners along with other executives, totaling some 300 people, from KPMG. It will be interesting to know how KPMG will rebuild its advisory business amidst the growing consulting struggle between the Big Four. 

People Matters reached out to KPMG on this development and responses are still awaited.