KPMG in the Crown Dependencies is delighted to announce three new Director promotions. Matthew Stubbington in Guernsey; and Jeffery Parongan and Admire Muranganwa in Jersey respectively are all being promoted to Director. The new positions have taken effect from 1 October 2022, and the promotions recognise the continuing development and growth of the firm within the Crown Dependencies.

Matthew joined KPMG as a school leaver in 2011 on a three-year training contract, during which he qualified as a Chartered Accountant. From then Matthew has progressed his career with the firm, including a two-year secondment to KPMG in Hong Kong.

Since returning to the island in 2020, Matthew focuses on servicing audit clients in the asset management sector, including traditional funds and alternative funds, such as debt funds, private equity funds, venture funds and fund of hedge funds.

Jeffrey joined the KPMG Jersey office in 2011. Before moving to Jersey he worked for another Big 4 firm from 2006-2010, where he gained significant experience in the financial services sector.

Jeffrey specialises in the audit of private equity funds, stemming from the in-depth experience he gained from servicing some of the biggest private equity clients of KPMG in the Crown Dependencies in Jersey. His portfolio consists of buyout funds, PE fund of funds, venture capital, private debt funds, real estate and other special purpose vehicles. He has also led various other assurance/non-assurance engagements such as agreed-upon procedures, reporting accountant services, and performance track record reviews for private funds fundraisings.

Admire joined KPMG in 2011, initially in the Guernsey office, before moving to Jersey in 2015 where he has continued to specialise in Asset Management clients, specifically with Private Equity and Infrastructure clients. Admire has progressed with the firm as an expert in his area of specialism and contributed to the growth of the Private Equity sector for the firm.

Congratulations also go to Emilie Vermeulen, who was promoted to Audit Director earlier this year. Emilie joined KPMG in 2007 and has over 15 years’ experience in providing audit and other assurance services focussing on the alternative investment fund sector, including both public and private entities. Emilie’s client portfolio over the years have included a range of different funds including listed equity funds, renewable energy funds, infrastructure funds, CLO debt funds and private equity funds.

In 2019, Emilie embarked on a two-year secondment to KPMG US (New York) where she worked with KPMG’s Global Audit Quality Transformation project team responsible for developing the global policies and practices necessary to meet the requirements of the International Standard of Quality Management 1.

Dermot Dempsey, Head of Audit at KPMG in the Crown Dependencies, says, “These promotions reflect continued strong growth in our audit services across all financial service sectors. I am delighted to see Matt, Emilie, Jeff and Admire come through as Audit Directors, each having played a key role in that growth. Our continual drive on the highest client service experience, audit quality at the core of everything we do and innovation in how we do it gives us confidence of further success into the future.”