KPMG in the Cayman Islands announced that “after careful consideration and in response to recent legislative changes, the firm has “converted to a Limited Liability Partnership (“LLP”) effective as of Sunday, October 1, 2023.”
KPMG explained that the decision to convert to an LLP was strategic and aimed at enhancing business operations.
“We believe this change will bring several benefits to both our firm and our clients,” KPMG added.
KPMG assured clients that the “change will not disrupt” their “ongoing commitments and relationships.”
Providing further comfort, KPMG noted that they do “not expect any significant changes” to their day-to-day business operations.
KPMG continued:
We will provide further details regarding this transitions in the coming weeks, including any necessary updates to contracts and agreements which we anticipate will be limited in nature and extent.
Clients with questions or concerns should contact Andrew Stepaniuk, Andrew Schofield, David Watt, or David Conen at KPMG.
KPMG appreciates the continued support and looks forward to continued success as they embark on this new chapter as KPMG LLP.
