Richard Rekhy

Richard Rekhy was the Chief Executive Officer of KPMG in India from October 2012 till early February 2017. Arun M. Kumar replaced him as the Chairman and CEO of the firm on 5 February 2017. Arun M. Kumar was selected as the firm’s chief for a five-year tenure.[1]

Richard Rekhy
Rekhy in 2019
Born
India
Alma materDelhi University
OccupationChief Executive Officer of KPMG in India

Richard has over 28 years of multi layered, multi sectoral, top-of-the-pyramid experience behind him. He has served clients across sectors including advertising, oil and gas, industrial and consumer markets and specifically in the pharmaceuticals, technology, manufacturing and retail domains. He comes with real time extensive experience coupled with detailed understanding of corporate governance, enterprise risk management, internal audit and business processes re-engineering.

Richard is on the National Council of CII and chairs their Northern Region Economic Affairs and Taxation Committee. He is a member of the National Executive Committee of CII for Corporate Governance and on the Board of the prestigious American Chambers of Commerce (AMCHAM).

Richard was recently appointed as the Chairman of Enactus India, which is an international non-profit organisation. He is also a member of the EMA and Global Board for KPMG International.

On 6 November 2016 Richard announced that he would be retiring from the firm.

Richard is an articulate and eloquent speaker,[2] contributing at several public forums while providing thought leadership through articles in leading newspapers and magazines on diverse topics - corporate governance/risk management, leadership and the economy.[3] He gave a TEDx Talk in January, 2016 on Higher Purpose in Life[4]

Education

Richard qualified as a Chartered Accountant in the year 1983[5] and a B.Com(Hons), Accounting, taxation, Economics from Delhi University.[6]

Association with KPMG India[6]
Position Period
Chief Executive Officer 2012–2017
Deputy Chief Executive Officer and Head of Advisory 2009–2012
Chief Operating Officer 2006–2009
Head of the Risk Advisory Services Practice 2004–2006

Past Major Experiences[6]
Organisation Position Period
Ernst & Young, India Partner 2002–2004
Arthur Andersen, India Partner 1997–2002
RSM & Co. Partner 1984–1997

Retirement from KPMG

In October 2012, Rekhy took over as India CEO of KPMG. From the year 2014 to 2016, as many as 60 partners steadily quit the KPMG India to join PwC, Deloitte and Ernst and Young. Increasing politicisation, some conflict of interest issues and arbitrary organisational changes," were among the reasons for the brewing disaffection.[7]
This sparked complaints by partners over Rekhy’s management style, as a result Richard Rekhy’s leadership role at KPMG India was curtailed by the KPMG Global leadership by handing over effective charge to deputy CEO Akhil Bansal.
On 6 November 2016, a Week after the global leadership made changes to the KPMG India leadership team, Richard Rekhy, the incumbent CEO of the firm, advised KPMG India Board of his decision to retire as CEO of the India firm. In a statement, by accepting his retirement, the firm said: "The India Board, after due deliberations and after recognising Richard’s stellar professional and personal contributions to the India firm over the last many years as the CEO and in his prior leadership roles, respectfully accepted Richard’s decision to retire."[8]

References
  1. "Arun Kumar appointed as KPMG's Chairman and CEO: Five things you want to know about him". Financial Express. Retrieved 12 April 2017.
  2. "TEDxHansrajCollege | TED.com". ted.com. Retrieved 4 August 2016.
  3. "About | KPMG | IN". kpmg.com. Retrieved 4 August 2016.
  4. "Higher Purpose in Life | Richard Rekhy | TEDxHansrajCollege - YouTube". youtube.com. Retrieved 4 August 2016.
  5. "Richard Rekhy: Executive Profile & Biography - Businessweek". bloomberg.com. Retrieved 4 August 2016.
  6. "Sign Up | LinkedIn". linkedin.com. Retrieved 4 August 2016.
  7. "KPMG drama: Global heads step in to steady ship". The Economic Times. Retrieved 29 October 2016.
  8. "KPMG India CEO Richard Rekhy to retire". The Economic Times. Retrieved 6 November 2016.
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