Richard Rekhy

Last updated

Richard Rekhy
Richard Rekhy.jpg
Rekhy in 2019
Born
Alma mater Delhi University
OccupationChief Executive Officer of KPMG in India

Richard Rekhy served as the Chief Executive Officer of KPMG in India from October 2012 till early February 2017 after he announced his retirement in 2016. [1]

Contents

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. [2]

Richard is an articulate and eloquent speaker, [3] 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. [4] He gave a TEDx Talk in January, 2016 on Higher Purpose in Life [5]

Education

Richard qualified as a Chartered Accountant in the year 1983 [6] and a B.Com (Hons), Accounting, taxation, Economics from Delhi University. [7]

Association with KPMG India [7]

PositionPeriod
Chief Executive Officer2012–2017
Deputy Chief Executive Officer and Head of Advisory2009–2012
Chief Operating Officer2006–2009
Head of the Risk Advisory Services Practice2004–2006

Past Major Experiences [7]

OrganisationPositionPeriod
Ernst & Young, IndiaPartner2002–2004
Arthur Andersen, IndiaPartner1997–2002
RSM & Co.Partner1984–1997

Retirement from KPMG

In October 2012, Rekhy took over as India CEO of KPMG. [8] 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. [9]
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." [10]

Related Research Articles

<span class="mw-page-title-main">KPMG</span> Multinational professional services and accounting company firm

KPMG International Limited is a multinational professional services network, and one of the Big Four accounting organizations.

Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance” describes the processes, structures, and mechanisms that influence the control and direction of corporations."

<span class="mw-page-title-main">N. R. Narayana Murthy</span> Indian businessman (born 1946)

Nāgavārā Rāmarāo Nārāyana Mūrthy is an Indian billionaire businessman. He is the founder of Infosys, and has been the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and taking the title chairman emeritus. As of October 2022, his net worth was estimated to be $4.5 billion, making him the 654th richest person in the world in 2022 according to Forbes.

<span class="mw-page-title-main">A. M. Naik</span> Group Chairman of Larsen and Toubro

Anil Manibhai Naik is an Indian industrialist, philanthropist and the Group Chairman of Larsen & Toubro Limited, an Indian engineering conglomerate, and since 2018, the Chairman of the National Skill Development Corporation.

<span class="mw-page-title-main">Uday Kotak</span> Indian billionaire banker

Uday Suresh Kotak is an Indian billionaire banker and the executive vice chairman and managing director of Kotak Mahindra Bank.

<span class="mw-page-title-main">Confederation of Indian Industry</span> Industry association in India

The Confederation of Indian Industry (CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895.

<span class="mw-page-title-main">AECOM</span> American engineering firm

AECOM is an American multinational infrastructure consulting firm.

<span class="mw-page-title-main">The Abraaj Group</span> Private equity firm based in Dubai, UAE

The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates.

<span class="mw-page-title-main">Kris Gopalakrishnan</span> Indian billionaire

Senapathy "Kris" Gopalakrishnan is an Indian billionaire businessman who is recognized as a global business and technology thought leader for his role in growing the IT services industry worldwide. He co-founded Infosys, where he served as the chief executive officer and managing director from 2007 to 2011, and as vice chairman from 2011 to 2014. Following his retirement from Infosys, Kris has been very active in promoting the Indian startup ecosystem, and philanthropically supporting research on brain sciences, aging related disorders, and healthcare in India. He has also been on the board of trustees for the Infosys Science Foundation from 2009, and currently serves as the President of the Board. According to Forbes,He has an estimated net worth of US$4.60 Billion as of December,2021 making him one of the richest people in India.

<span class="mw-page-title-main">Bhaskar Pramanik</span>

Bhaskar Pramanik was the former Chairman of Microsoft India. He looked after the company's overall sales, marketing and all other transactions across India. He retired from Microsoft in September 2017.

<span class="mw-page-title-main">Chandrajit Banerjee</span>

Chandrajit Banerjee is the Director General of the Confederation of Indian Industry (CII) and member of a number of government advisory bodies at national and international levels. As DG of CII, he is responsible for leading and contributing to many policy level dialogues and discussions to enhance the competitiveness of India Inc and towards the development of India.

Analjit Singh is the founder chairman of Max Group, a conglomerate with interests in life insurance, healthcare, and real estate. He is also the founder of Leeu Collection, an international collection of boutique hotels. He was also the Non-Executive Chairman of Vodafone India.

<span class="mw-page-title-main">Leena Nair</span> Indian businesswoman (born 1969)

Leena Nair is a British-Indian business executive who is the Global CEO of Chanel. Nair previously served as the Chief Human Resource Officer of Unilever and member of the Unilever Leadership Executive. Nair was responsible for the human capital of Unilever, which operates across multiple regulatory and labour environments spread over 190 countries. Under her leadership, Unilever has been named the number one FMCG graduate employer of choice in 54 countries. She headed the Diversity and Inclusion agenda for the organisation ensuring that its workforce is diverse and inclusive. Nair is an advocate for human-centred workplaces and compassionate leadership.

<span class="mw-page-title-main">Anjali Bansal</span> Indian women chief executives

Anjali Bansal is the founder of Avaana Capital, investing in technology and innovation-led start-ups who are catalysing climate action and sustainability and delivering exponential returns. She has invested in various successful startups including Nykaa, Delhivery, UrbanClap, Darwinbox, Coverstack, Farmart, and Lenskart.

John B. Veihmeyer was global chairman of KPMG from April 2014 till September 2017. He previously served as chairman and chief executive officer of KPMG's U.S. firm for a five-year term from 10 June 2010 until 9 June 2015. William B Thomas, 49, has been elected Chairman of KPMG International. He will lead the KPMG global network of professional services firms for a 4-year term, effective 1 October 2017, succeeding John B Veihmeyer, 61, who is completing his term as Chairman and retiring from the firm, at the end of September 2017.

<span class="mw-page-title-main">Arun M. Kumar</span> Chairman and CEO at KPMG in India

Arun M. Kumar is Managing Partner with Celesta Capital. Kumar also serves as Chair of the Wadhwani Institute of Technology and Policy, and he is a member of the Council on Foreign Relations. Kumar is on the board of Indiaspora, an organization that links accomplished and influential people of Indian origin in many countries to be a force for good in enhancing the relationships between their country of residence and India. Kumar has had a long association with the US India Business Council and is an advisor to its Board of Directors.

<span class="mw-page-title-main">Sanjiv Mehta (Indian businessman)</span> Indian business executive

Sanjiv Mehta is an Indian business executive, and the chairman and managing director (MD) of Hindustan Unilever Limited, India’s largest Fast Moving Consumer Goods (FMCG) Company and the top five most valuable companies in the country. Mehta became the CEO and MD of Hindustan Unilever in October 2013, and in June 2018 was appointed as the chairman and MD. He also heads Unilever's business in South Asia, as cluster president encompassing businesses in India, Pakistan, Bangladesh, Sri Lanka and Nepal. Mehta is a member of the Unilever Leadership Executive, its global executive board.

<span class="mw-page-title-main">Dinesh Kanabar</span> Indian taxation expert

Dinesh Kanabar is an entrepreneur and international tax expert. He is founder and CEO of Dhruva Advisors, one of the largest tax and regulatory boutiques in India that has been consistently rated as India Tax Firm of the year over the years. Prior to founding Dhruva, Dinesh held various positions, including Deputy CEO of KPMG in India and Deputy CEO of RSM.Dinesh works closely with some of the largest multi-national corporations and Indian business houses advising on business, tax and regulatory matters. He has worked on some of the largest mergers and acquisitions, corporate restructuring and tax litigation engagements in the country. He also works very closely with the Government of India on Tax Policy matters. Dinesh has been recognized as Asia Tax Practice Leader of the Year-2020 by International Tax Review, and he regularly pens articles on a variety of subjects ranging from tax to leadership.

<span class="mw-page-title-main">Sanjiv Bajaj</span> Indian businessman

Sanjiv Bajaj is an Indian businessman and Chairman MD & CEO of Bajaj Finserv.

References

  1. Dave, Sachin. "KPMG India CEO Richard Rekhy to retire". Economic Times. Retrieved 27 January 2023.
  2. "KPMG India CEO Richard Rekhy to retire". Deccan Chronicle. Retrieved 27 January 2023.
  3. "TEDxHansrajCollege | TED.com". ted.com. Retrieved 4 August 2016.
  4. "About | KPMG | IN". kpmg.com. Retrieved 4 August 2016.
  5. "Higher Purpose in Life | Richard Rekhy | TEDxHansrajCollege - YouTube". youtube.com. Retrieved 4 August 2016.
  6. "Richard Rekhy: Executive Profile & Biography - Businessweek". bloomberg.com. Retrieved 4 August 2016.
  7. 1 2 3 "Sign Up | LinkedIn". linkedin.com. Retrieved 4 August 2016.
  8. "KPMG appoints Richard Rekhy as CEO". Indian Express. Retrieved 27 January 2023.
  9. "KPMG drama: Global heads step in to steady ship". The Economic Times. Retrieved 29 October 2016.
  10. Vyas, Vani. "Richard Rekhy to retire from KPMG". People Matters. Retrieved 27 January 2023.