KPMG Australia Chief Executive Officer, Andrew Yates, has marked his first day in the job by announcing a range of new workplace and structure initiatives, including nominating Australia’s booming infrastructure sector as one of the firm’s key priorities.
As part of this new direction, KPMG will have a new Infrastructure, Assets & Places (IAP) business unit, which will assemble a group of 450 strategic, commercial and technical specialists from across the firm, led by KPMG’s senior infrastructure partner, Stan Stavros.
The group will work with clients to deliver projects that are environmentally sustainable, socially impactful and drive economic growth.
Yates said the package of initiatives signalled some of his key leadership priorities as CEO.
“I have called out Australia’s infrastructure sector as one of my key target sectors for growth investment. We are witnessing a once-in-a-generation investment in infrastructure by governments across Australia, backed by strong private sector participation. We know that our clients are seeking holistic solutions to help them plan, procure, deliver and operate their infrastructure, assets and places,” Yates said.
“The formation of the IAP group and associated investment program will allow us to meet that client need more proactively and to continue building a compelling infrastructure advisory team with the best talent and most comprehensive expertise in the market.”
Among Yates’ other workplace initiatives are a 26-weeks flexible parental leave for both parents, a cultural leave program to allow team members to take Floating Public Holidays and an Indigenous Cultural and Ceremonial leave that will add an additional day of paid leave every year for all KPMG Indigenous employees.
“Our team and the culture we all create here at KPMG will be central to my leadership. Bringing the best hearts and minds together and ensuring our people feel valued and rewarded is the best way to ensure KPMG delivers for our clients,” said Yates.
“Work-life balance is increasingly hard to achieve in the fast-paced and demanding space we occupy. I know that having the time and opportunity to care for our families, friends and communities is a constant challenge.”
In March, KPMG became a founding sponsor of the Family Friendly Workplace standards set by Parents at Work and UNICEF, and the enhanced parental and cultural leave programs announced today are an important step towards meeting those standards and setting a challenge for other large employers to follow.