KPMG bolsters alternative funds team

KPMG has expanded its alternative investment practice with the hiring of John Budzyna as a national leader for market development. 

Budzyna was most recently chief executive of Cutting Hedge Consulting, an advisory firm to the hedge fund industry, and before that was head of hedge fund consulting at Deutsche Bank’s global prime finance group. 

Complimenting his hire is the addition of Maurice Holmes, who becomes managing director within the same practice. Holmes previously served as director in the investment banking division of Credit Suisse, where he oversaw prime services sales for emerging markets, and acted as global leader of its hedge fund consulting services.

The audit, tax and advisory firm said in a statement the pair was recruited in response to marketplace demand and growth opportunities in the alternative investments space, a trend expressed by investors themselves. 

Al Fichera, head of KPMG’s alternative investments audit division, said KPMG was “actively engaging with clients on many fronts, most notably in the areas of evolving regulations in the US and Europe, globalisation, more cross-border transactions and the convergence of asset classes”.