KPMG picks ex-Australia boss Gary Wingrove as next global chief
UK boss Jon Holt beaten in race to lead 276,000-person Big Four firm internationally
UK boss Jon Holt beaten in race to lead 276,000-person Big Four firm internationally

Former audit chief is early favourite in contest with international COO Gary Wingrove

Executives discuss succession as British chief Jon Holt vies to lead Big Four firm’s global operations

Big Four firm and rivals are struggling to regain footing even after reductions in headcount and costs

Accountancy reports global revenues of $39.8bn, still far lower than those at competitors Deloitte, PwC and EY

Big Four firm says move reflects better management of workloads

Deloitte, EY, KPMG and PwC bosses strive to protect profits amid slowing revenues