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Barclays defends KPMG pick after parent firm dropped S Africa unit
From left: Barclays Bank of Kenya Company Secretary Paul Ndungi, chairman Charles Muchene, managing director Jeremy Awori and chief financial officer Yusuf Omari during the lender’s annual general meeting where shareholders approved the company’s planned change of name to Absa over the next two years. PHOTO | NMG
Barclays Bank of Kenya #ticker:BBK has defended the choice of KPMG Kenya as its external auditor weeks after its mother company Barclays Africa Group Ltd (BAGL) ceased to engage KPMG South Africa over integrity concerns.
Friday, Barclays Bank of Kenya (BBK) shareholders approved KPMG Kenya as the lender’s external auditor for the second year.
