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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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Delayed Quote. Delayed Nyse - 01/27 07:00:00 pm
132.52 USD   -1.30%
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KPMG appoints new Partner to Financial Services Technology practice

11/30/2021 | 04:48am EST

KPMG in the UK has appointed Bharat Bhushan as a Partner in its Financial Services Technology practice.

Bharat will act as Chief Technology Officer for Consulting and will strengthen the firm's offering to clients in areas such as innovation and business platforms, digital transformation, and cloud migration.

Bharat joins KPMG from IBM where he has worked since 2007. For the last seven years, Bharat served as IBM's Chief Technology Officer for financial services. He has worked with banks and financial services firms across the EMEA region, delivering repeatable technology platforms and solutions such as Open Banking, legacy systems transformation, and payments architecture. Bharat is also passionate about nurturing talent and future leaders, and has engaged with several UK universities.

Lisa Heneghan, Chief Digital Officer at KPMG in the UK, comments: 'Bharat's experience, network and expertise will be a great asset to our Connected Technology team. He will lead and support sales campaigns, technology transformation projects and work with clients and colleagues, providing valuable insight.'

Bharat Bhushan, Partner at KPMG in the UK, said: 'KPMG has world-class expertise and talent in its financial services practice and I look forward to working with the team to help our clients implement differentiating technology solutions. It is an exciting time to be working in technology and there have been enormous advances over the last few years, for example in the AI and cloud space. Both play key roles in improving efficiency, streamlining business operations, powering better customer experiences and creating new revenue generating business models.'

Ends-

Follow us on twitter: @kpmguk

For further information please contact:

KPMG Media Relations

Gerard Swinley

Gerard.swinley@kpmg.co.uk

M: +44 7510 375540

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff. The UK firm recorded a revenue of GBP2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 57 303 M - -
Net income 2021 4 213 M - -
Net Debt 2021 43 098 M - -
P/E ratio 2021 28,4x
Yield 2021 4,94%
Capitalization 119 B 119 B -
EV / Sales 2021 2,83x
EV / Sales 2022 2,58x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 132,52 $
Average target price 144,97 $
Spread / Average Target 9,40%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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