KPMG has appointed Catherine Grum as its UK head of the Family Office. The move aims to bolster the firm’s focus on advising established family offices, as well as assistance in establishing new offices.
Catherine will spearhead the development of a dedicated Family Office service within KPMG and will work closely with the firm’s Family Business and Private Client Advisory teams.
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The focus on family offices forms part of KPMG’s Enterprise initiative. The firm is investing £40m so as to target the network of 4.9m privately owned businesses in the UK.
Grum joins KPMG from Salamanca Group where she was Head of the Private Office. Prior to Salamanca Group, Catherine was Head of Wealth Advisory (EMEA) for Barclays Wealth & Investment Management, leading the delivery of wealth structuring, succession planning and relocation solutions to the bank’s UHNW client base.
Grum said: "KPMG already delivers a range of services to many Family Offices and has an excellent reputation with clients and the wider market.
"We have identified a gap in the market for one independent firm to offer the breadth of services needed by Family Offices and we want to develop a dedicated practice which will tailor the offering to each client’s specific needs and deliver a market-leading service for them. I am really looking forward to working with the team to take these relationships further."
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