While the business sections of the daily newspapers and financial press refer to KPMG “expanding to Parramatta”, the company is returning to the CBD.
In 1990, it occupied the KPMG Centre, at 111-117 Phillip Street, prior to centralising to Sydney at the turn of the century; signage has only recently been removed from the building.
The reason for the Parramatta move, for its professional services network into Greater Western Sydney, is to support the region’s rapidly-growing and diverse economy
The firm plans to open its new office at 91 Phillip Street – one block from its former office – before Christmas.
The firm has also secured signage rights for the building, on a prominent corner of Phillip and Smith streets and will be staffed with around 30 partners and staff.
The Greater Western Sydney office will be led by David Pring, who joined the firm as a partner from Deloitte Private, in Parramatta, where he was a senior partner and led the consumer business industry team in Western Sydney.
Mr Pring said KPMG, which aims to create more than 200 jobs in Parramatta within three years, has leased one floor, with options on other space when it becomes available.
“KPMG’s new Parramatta office will enable future employees to work in the region in which they live, adding to the firm’s flexible workplace options,” he said.
“Over 600 KPMG staff and partners currently live in the Greater Western Sydney region and the new office will provide additional professional and lifestyle choices as they build their careers.
“KPMG currently serves many companies that call Greater Western Sydney home, and now we can call it home too as we seek to better serve clients by being closer to them,”
KPMG will join Deloitte, which has been in Parramatta for 30 years and earlier this year merged with Moore Stephens Sydney West, also in the CBD.
Deloitte is on the record to expand further afield in Western Sydney.
The other Big Four firms which had offices in Parramatta – Ernst & Young, in Argyle Street, and Coppers Lybrand (now part of Pricewaterhouse Coppers}, in George Street – may see, advantages in retuning to Western Sydney; PwC has an office at Norwest.
