KPMG HOSTS WELCOME EVENING FOR NEW PARTNER

AZG Armenian Daily
27/04/2006

A cocktail reception was held at the Golden Tulip Hotel Yerevan on
Tuesday 18th April to welcome Andrew Coxshall and his wife Fiona to
KPMG’s Yerevan Office.

Andrew will be the Partner in Charge of Audit for Armenia and Georgia.

Attending the event were leading members of the business community,
diplomats and government ministers. Special guests included the
Chairman of the Central Bank, Chairmen of several leading Banks,
representative from the British, US and French Embassies, Roger
Robinson, Head of the World Bank in Armenia and Roger Munnings,
CEO for KPMG Russia/ CIS.

Andrew Coxshall, a Fellow of the Institute of Chartered Accountants
in England and Wales set out that he expects to utilize his extensive
international audit experience to build KPMG’s Audit Practice in the
region. Speaking about Armenia he stated that he is excited about
its future – the current higher than average growth, the investment
potential and the growing opportunities for its people. Impressed by
the high quality of KPMG Armenia’s staff and the excellent educational
standards he anticipates that he will lead KPMG Armenia’s growth in
size and stature, not only in terms of revenue, but also in terms of
its people and the quality of services rendered to clients. Andrew also
commented on the investments that KPMG will be making in the future
including hiring graduates and experienced staff; a scholarship fund
and the extensive staff training program.

Roger Robinson, Country Manager for the World Bank in Armenia commended
KPMG on taking such an important step and welcomed KPMG’s assistance
in developing Corporate Governance structures in Armenia. Roger went
on to emphasize the importance of building capacity in the audit
sector and improving transparency in the wider business community to
underpin confidence of investors as the economy grows.

Roger Munnings expressed his confidence in the continued success of
the Armenian economy and commented that KPMG was proud of the team
of professionals in the Yerevan office. Increasingly they spend time
in KPMG offices around the world, bringing back their experience and
skills to assist in economic development in Armenia. He concluded the
formal addresses by stressing that KPMG’s commitment to Armenia and
that Andrew Coxshall’s appointment in Yerevan was a demonstration of
that commitment.

KPMG is a global network of professional firms providing Audit, Tax
and Advisory services. It is the only one of the ‘Big 4’ Worldwide
Accounting and Consultancy companies operating in Armenia and currently
has over 70 staff to provide audit and assurance services on tax and
financial issues to major Armenian, Georgian and global companies
as well as to a wide range of non-governmental organizations and
financial institutions. KPMG takes pride in its ability to listen to
the opinions of its clients and analyze the challenges they face,
helping it to offer a wide range of high quality services meeting
the specific needs of each and every client.