KPMG in Russia and the CIS

KPMG in Russia
and the CIS
Anna Zaytseva
Specialist, Graduate Recruitment

Today we’ll learn...
■ ... about KPMG
■ ... about Valuation Group
■ …about Graduation Recruiting Program
■ …about Internship Program
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
1

What do the initials mean?
K
P
Klijnveld, Piet founded the accounting firm Klynveld Kraayenhof & Co.
in Amsterdam in 1917, Netherlands
Peat, William Barclay founded the accounting firm William
Barclay Peat & Co. in London in 1870, UK
M Marwick, James founded the accounting firm Marwick, Mitchell
& Co. with Roger Mitchell in New York City in 1897, USA
G Goerdeler, Reinhard was for many years chairman of Deutsche
Treuhand-Gesellschaft and later chairman of KMG. He is credited with
laying much of the groundwork for the KPMG merger, Germany
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
2

KPMG International
138,000 professionals…
…7900 partners…
…operating in
150 countries…
KPMG is a global network of professional firms
providing Audit, Tax and Advisory services.
We will build and sustain our reputation as the best
firm to work with by ensuring that our people, our
clients and our communities achieve their full
potential
Our values:
•We lead by example
•We work together
•We respect the individual
…with global fee
revenues of over
US$20 billion in 2010
•We seek the facts and provide insight
•We are open and honest in our
communication
млрд. долларов США
•We are committed to our communities
•Above all, we act with integrity
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
3

KPMG in Russia and the CIS
20 years in Russia…
18 offices in 7 countries
in CIS
…over 3,000 professionals
90 partners
…part of KPMG Europe LLP,
largest accounting firm
in Europe
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
4

KPMG in Russia and the CIS
Lvov
Kiev
Donetsk
Saint Petersburg
Moscow
Nizhniy Novgorod
Kazan
Rostov-on-Don
Ekaterinburg
Tbilisi
Novosibirsk
Yerevan
Baku
Atyrau
Astana
Krasnoyarsk
Almaty
Bishkek
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
5

Our successes in Russia and the CIS
No.1 Audit Firm in Russia
Insolvency Advisory Firm of the
Year in Russia
2010
Audit Company
of the Past 5 Years
by Financial Elite
of Russia Awards
Best Auditor
2010
No. 2 Advisory Firm
in Russia
2009-2010
2010
KPMG is the largest accounting
firm*
2010
No.1 Audit Firm in Russia
No. 2 Audit & Advisory
Firm in Russia
No.1 Audit Firm
in Russia
Financial Advisory Firm
of the Year in Russia
*surveyed in the International Accounting
Bulletin’s 2010 Russia country report
2009- 2010
2009-2010
2009
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
6

KPMG Audit market share 2010, Russia
Audit market share – Top-100 Russian companies*
10%
#1
Audit
10%
18%
37%
KPMG
X
Y
firm
25%
Z
Other
*Source: Expert 400 ranking (Expert magazine, 4 October 2010)
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
7

Services
Audit Tax Advisory
■ Financial Statement Audit
■ Attestation Services
Business Tax
■ Corporate & Business Tax
■ International Corporate
Tax
■ Indirect Tax
■ Mergers &
Acquisitions
■ Transfer Pricing
■ Global Tax Outsourcing
■ Legal Services
Personal Tax
■ Taxation Services to Individuals
■ International Executive Services
(IES)
Transactions & Restructuring
■ Corporate Finance
■ Restructuring
■ Transaction Services
Risk Consulting
■ Accounting Advisory Services
■ Actuarial Services
■ Forensic
Management Consulting
■ Business Performance Services
■ IT Advisory
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
8

Industry sectors
Audit
Tax
Advisory
■
Retail Banking
■ Private Equity
Private
Equity
Financial
Services
■
■
■
Corporate & Investment Banking
Investment Management
Insurance
■ Building, Construction
& Real Estate
■ Transport
■ Government
■ Healthcare
Infrastructure,
Government
& Healthcare
Industry
sectors
Industrial
Markets
■ Automotive
■ Diversified Industrials
■ Chemicals
■ Pharmaceuticals
■ Energy & Natural Resources
■ Communications & Media
Information,
Communications
& Entertainment
Consumer
Markets
■ Retail
■ Electronics, Software & Services
■ Food, Drink & Consumer Products
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
9

Largest clients in Russia and the CIS
Energy, Power &
Natural Resources
Industrial Markets
Information,
Communications
& Entertainment
Consumer Markets
Financial Services
Infrastructure,
Government
& Healthcare
■ Atomenergoprom
■ Basic Element
■ 1C*
■ Adidas
■ AFK Sistema*
■ Aerfolot
■ Eurasia Drilling
Compamy
■ Integrated Energy
Systems
■ Irkutskenergo
■ Gazprom*
■ LUKOIL
■ MRSK Holding
■ Mosvodokanal
■ OGKs-1, 2, 3, 5, 6
■ Rosneft*
■ Rosatom*
■ SUEK
■ TGKs-5, 6, 7, 8, 9,
11, 12, 13
■ TNK-BP*
■ Eurocement
■ MMK
■ Nitol Solar
■ Norilsk Nickel
■ OMK
■ OMZ
■ Phosagro
■ Power Machines
■ UC RUSAL
■ SILVINIT
■ UGMK
■ United Aviation
Corporation
■ URALCHEM*
■ VSMPO-AVISMA
■ CBOSS
■ Kaspersky Lab
■ Monokristall
■ MTS*
■ Philips
■ Post of Russia
■ Renova Media
■ ROSNANO*
■ Rostelecom
■ SkyLink
■ Svyazinvest
■ Vimpelcom*
■ Zenit Football
Club
■ Aston
■ Auchan
■ Campina
■ Eldorado
■ Heineken
■ Henkel
■ InBev
■ Metro Cash &
Carry
■ PepsiCo
■ Razguliay
■ Sportmaster
■ Stockmann
■ Unimilk
■ WBD
■ X5 Retail Group*
■ Gazprombank
■ GE Money Bank
■ MDM Bank
■ Nordea Bank
■ RESO-Garantia
■ Rosgosstrakh
■ ROSNO
■ Sberbank*
■ Tatfondbank
■ TRUST
■ Uralsib Bank
■ VTB*
■ UniCredit Bank
■ E4 Group
■ Etalon
(LenSpecSmu)
■ FESCO
■ Globalstroy
Engineering
■ Krasnaya Polyana
■ LSR Group
■ Mostotrest
■ PIK Group of
Companies
■ Samruk Kazyna*
■ Tolmachevo
Airport
■ Unomedical
■ UTair
■ Volgo Balt
* non-audit clients
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
10

Corporate citizenship and sustainability
Being a socially responsible business means living up to one of KPMG’s most important values – commitment to our communities.
KPMG in Russia is very clear as to the areas of our focus around citizenship and sustainability –our efforts, money and time are spent on Communities,
Education and Environment.
Communities — at the heart are the long term initiatives aimed at children from social and biological risk groups.
Education — we seek to foster exchange and sharing of information through partnerships with IBLF, SIFE, Bolshaya Peremena, regional administration–
as we carry out initiatives of educational nature.
Environment — we are keen to go beyond compliance with the Green Office standard and transition towards changed mindsets of our people. The aim is
for our people to start consciously minimizing the negative impact on the environment both in the workspace and at home.
KPMG’s citizenship and sustainability agenda in Russia has full support of the firm’s Leadership and benefits from the enthusiasm, time and skills of
KPMG volunteers. We also feel privileged to be working with reliable and expert NGOs operating in our communities and partnering with other corporate
to make a lasting difference.
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
11

Valuation Services
James Herr
Associate Director, Advisory

Corporate Finance Group
Corporate Finance
PPP Advisory
Valuation Group
Merger & Acquisitions
Group
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
13

Opportunities in Valuation
• Internship
Program
•A team of 50+
professionals
• Industry immersion
• 100+
engagements a year
• Business valuation
• Valuation of fixed assets
• Valuation of intangible assets
• Valuation of real estate
• Financial modeling
• Derivatives
• Valuation for audit purposes
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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Profession: Valuation Consultant
Finances
& Accounting
Legal
framework
Theory
Modeling
Tax
In-depth business
understanding
Valuation
approaches
Valuation
requirements
Technology
Reporting
Commercial
Strategy
Valuation
M&A transactions
Financial
market
trends
Profitability
Industry trends
Development
trends
Stock
market
behavior
Pricing policy
Regulation
Market structure &
behavior
Macroeconomic
factors
Debt
financing
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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Get ready!
The Valuation Group:
•Constant professional growth
•A young team
•Sector specialization
•Dealing directly with the client
•Business trips
•Training
•Collaboration with other
departments (Audit, Tax, lawyers),
including ones abroad
•Shared experience/practical
training
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
16

Valuation Consultant:
Knowledge and Skills
General requirements:
• Knowledge of the company
• Teamwork skills
• Interpersonal skills
• A desire to learn and develop
• Analytical skills
Essential Knowledge:
• Accounting / finance
• Mathematical techniques
• Principles of economic theory
• Valuation theory
Applied knowledge and skills
• English
• IT skills (Excel/VBA, PowerPoint)
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
17

Graduate
Recruitment
Program
Internship Program
Anna Zaytseva
Specialist, Graduate Recruitment

Requirements to young specialists and interns
Our requirements:
■ Graduate or university student
■ Good command of English language
■ Specific knowledge in the selected area
■ Ability to handle a busy work schedule and
business trips
■ Motivated and hard working
■ Desire to learn and grow professionally
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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Compensation package of young specialists
• Competitive salary
• Annual bonus
• Additional payment for work far from home during business trips
• Medical insurance, travel insurance, life insurance
• Relocation package
• Leave in lieu of overtime
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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Internship Program (3–6 months): opportunities
• Valuable work experience in a major
international company
• Participation in client projects from the first
working day
• Ability to combine work with study
• All internships are paid at KPMG
• After successful completion of internship we
offer a permanent job
• Getting knowledge into practice
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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Recruitment stages of young specialists and interns
• Registration in the KPMG Recruitment System
on the website www.kpmg.ru/JoinUs
• Online Testing
• Interview with recruiter
• Interview with managers and partner
• Employment offer
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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THANK YOU!
T: (495) 937 44 77
E: graduate@kpmg.ru
www.kpmg.ru/JoinUs
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation and
under the control of KPMG Europe LLP; a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss
entity. All rights reserved. Printed in Russia.
The information herein is of a general nature and not directed to any particular circumstances
of any individual or company. Although we endeavor to provide timely and accurate
information, there can be no guarantee that such information is accurate as of the date it is
received or that it will continue to be accurate in the future. No one should act upon such
information without appropriate professional advice after a thorough examination of the
particular situation.
© 2011 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network
of independent member firms affiliated with KPMG International Cooperative (―KPMG International‖), a Swiss entity. All rights reserved.
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