KPMG Names Stephanie Schnabel As Head Of Corporate Development

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Dec 18, 2014, 09:00 ET

NEW YORK, Dec. 18, 2014 /PRNewswire/ -- KPMG, the U.S. audit, tax and advisory firm, announced today that Stephanie Schnabel has joined the firm as its head of corporate development. In this role, Schnabel will be responsible for sourcing, planning and executing transactions, divestitures and joint ventures that support the firm's growth activities.

"Stephanie's proven leadership will add new strength to our team and help KPMG expand a growth strategy that continues to drive new services and innovative solutions for our clients," said John Veihmeyer, KPMG's Global Chairman and Chairman and CEO of KPMG in the U.S. "Merger and acquisition activity continues to be a core part of our growth strategy, and KPMG remains on the path to strategically add talent and solutions through M&A. With Stephanie's addition to our team, our ability to be even more proactive in response to market trends and opportunities is enhanced. We're very pleased to welcome her to our firm."

Schnabel said: "I am very excited to join KPMG and lead a stellar corporate development team that understands the value of a strategic acquisition plan in today's highly competitive business environment. I am looking forward to playing a role in ensuring KPMG's continued growth and expansion and to become part of a world-class team that is driving innovative strategies not only for KPMG clients, but across the firm internally as well. I am particularly proud to be joining a firm that has demonstrated its commitment to creating leadership opportunities for women."

Schnabel previously served as managing director of corporate development at Accenture. There she was responsible for all of the firm's global acquisition and divestiture activities. Schnabel received her Bachelor of Arts in economics from Princeton University and her Master of Business Administration in finance and multinational management from The Wharton School at the University of Pennsylvania.

In FY 14, KPMG completed a total of 15 transactions, eight of which were in the United States. Each transaction added depth to its professional service offerings in key sectors including healthcare, financial services, industrial manufacturing and technology. Through these transactions, the firm expanded its service offerings in innovative areas of increasing importance to a range of organizations, such as data and analytics, digital and mobile solutions and cybersecurity, as well as financial service verticals such as hedge fund management and corporate restructuring.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 162,000 professionals, including more than 8,600 partners, in 155 countries.

Contact: Derek Brown
KPMG LLP
201-505-6105
[email protected]

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SOURCE KPMG LLP