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Market Chatter: KPMG Australia Names New CEO, Reuters Says

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KPMG Australia appointed its Chief Financial Officer and Chief Operating Officer, John Sams, as its new Chief Executive effective immediately, Reuters reported on Tuesday.

The firm's former CEO and Chairman were among the leadership who resigned in the wake of a scandal involving the misuse of confidential client information, including the sharing of Optus and Lendlease (ASX:LLC) data among staff bidding for audit work with other firms. Lendlease said it would no longer work with KPMG as its auditor.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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