KPMG Canada Announces New CEO: Benjie Thomas Takes the Helm

KPMG Canada Announces New CEO Benjie Thomas to Lead Firm

In a recent announcement, KPMG Canada revealed that Benjie Thomas will be taking over as the new CEO and senior partner, replacing Elio Luongo who has been at the helm since 2016. Thomas, who has been with KPMG for nearly 23 years, will be leading the firm’s advisory services, private equity, and pension funds business lines.

This leadership change comes on the heels of Ernst and Young LLP appointing a new leader, showcasing a shift in leadership within the Big Four accounting firms in Canada. Thomas, in a press release, highlighted his immigrant background and expressed his excitement to build upon KPMG’s success in the Canadian market.

Despite facing challenges in the past, including the Isle of Man fiasco in 2016, KPMG has thrived under Luongo’s leadership and currently holds the position as the second most lucrative accounting firm in Canada. With Thomas at the helm, the firm aims to further strengthen its position in the market and continue its growth trajectory.

In other news from the Canadian accounting industry, the Globe and Mail recently published an in-depth analysis of the Liberal government’s tax change failures, shedding light on how these changes impacted Canadians. Additionally, accounting firms MNP and Melo have made significant moves, with MNP announcing multiple acquisitions in Quebec and Prince Edward Island, and Melo expanding into the US market.

Furthermore, the Canadian Academic Accounting Association announced its award recipients for 2024, recognizing the contributions of academics in the field. The industry continues to evolve, with various developments and updates shaping the accounting landscape in Canada and beyond.

For more news and updates from the Canadian accounting industry, subscribe to our weekly newsletter and stay informed on the latest stories. Click here to sign up and receive all the week’s top stories.