Carl Carande will continue as vice chair of advisory for KPMG US, a role he has held since 2015, as the firm announced its new management team of 12 individuals.
Carande took on the advisory head role as the successor of Lynn Doughtie, who became the firm’s first female CEO in 2015. Doughtie served a five-year term and opted not to seek a second term, instead retiring after a long career at KPMG. The new management team, of which Carande remains a part, is led by CEO Paul Knopp, who took the reins of the US accounting and consulting firm earlier this month.
KPMG US saw solid growth between 2015 and 2019, with revenues rising from $7.89 billion to $9.97 billion.
As vice chair of advisory, Carande will continue to oversee the practice’s growth strategy, service quality activities, and people initiatives. He will also ensure that practice’s operational functions support and align with the business’ strategic goals.
During his five years as advisory leader, Carande has been a central figure in the practice’s expansion beyond traditional service areas, including a new strategy division which competes with top firms such as McKinsey, Bain, and BCG.
KPMG US’ advisory practice today offers a full range of services, including strategy, operations, risk, data, digital transformation, and people and change.
Carande boasts more than 30 years of consulting and financial services industry experience, with a focus on helping banks operate more efficiently and profitably. The seasoned consulting executive has deep expertise advising financial institutions on strategy, profit improvement, internal controls, and post-merger integrations.
He joined KPMG in 2000 and was named a partner in 2002. Prior to leading the advisory business, he was the firm’s national account leader for the banking and finance sector.
Before KPMG, Carande spent 13 years at Bank America, latterly serving as global director of corporate cash management pricing and analysis. He holds an MBA from Golden Gate University and a BS in organizational systems management from California State University.