KPMG, a global network of professional services firms providing audit, tax and advisory services, has appointed Dr Rasheed Al Qenae as its new chairman for Middle East, South Asia, and Caspian (Mesac) region.
Mesac is one of the largest and fastest growing sub-regions within the KPMG network of member firms, and covers more than 30 office locations across 21 countries and territories, including Armenia, Azerbaijan, Bangladesh, Bahrain, Egypt, Georgia, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Oman, Maldives, Palestine, Pakistan, Qatar, Saudi Arabia, Sri Lanka, UAE and Uzbekistan.
Dr Al Qenae is presently the Managing Partner of the KPMG member firm in Kuwait, a role which he has been holding since 2010.
Dr Rasheed was appointed to the KPMG Mesac region’s board in 2018. He took additional responsibilities as the chairman of the Mesac Tax Steering Group and as the head of tax for the Mesac region in 2017.
He also played an active role in the region’s leadership development centers and strategic corridor programme.
This is the first time in the history of KPMG that a senior partner from Kuwait has been appointed to this prestigious role of Chairman which covers the entire GCC region, parts of South Asia and the Caspian countries.
In this new role, Dr Rasheed will also represent the Mesac region on the KPMG Global Council and the KPMG Europe, Middle East, and Africa (EMA) region’s board.
He holds a PhD in accounting from the University of Essex in UK, a Master of Professional Accounting from the University of Miami, and a Bachelor of Commerce from Kuwait University. He was the Chairman of the Kuwaiti Association of Accountants and Auditors in the year 2011/2012.
On the new role, Dr Rasheed said: "I am deeply honoured to be appointed as Chairman of the KPMG Mesac region. I want to thank the Mesac board, which bestowed their confidence and trust in me, and to my fellow KPMG partners and teams for their unprecedented support."
"My predecessors have helped the region tremendously in its growth journey and I intend to continue this momentum. Our focus remains on clients’ priorities, recruiting and nurturing talent, investing in relevant technology, strengthening our alliance and corridor ecosystem, and making a meaningful impact on our communities," he added.
In FY21, KPMG member firms in the Mesac region witnessed an increase in aggregate revenue, doubling to 18.3% in local currency terms for FY22, while its talent pool exceeded 10,000 people for the first time.-TradeArabia News Service