Andrew Yates, KPMG Australia's CEO, and Julian McPherson, national managing partner audit and assurance, have resigned after an investigation into a whistleblower's allegations over data use was not conducted with "necessary rigour". Principia Advisory is conducting a culture review.
The long-standing executives joined Baring Private Equity Asia, now known as EQT Private Capital Asia, nearly two decades ago, and have helped build the firm's Asia private capital platform.
The former Euronext executive will succeed Helen Lofthouse amid ongoing reforms at the Australian Securities Exchange; Darren Yip steps into the role on an interim basis at the end of May.
The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.