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KPMG Hires Hedge Fund Veteran as Firm Expands Its Alternative Investments Team in the Southeast

NEW YORK, Sept. 9, 2013 (GLOBE NEWSWIRE) -- KPMG LLP, the U.S. audit, tax and advisory firm, has hired 30-year industry veteran Michael Cross as director of account relationships as the firm continues to expand its Alternative Investments (AI) team serving the Southeast.

Cross, who has and continues to hold leadership roles with hedgefund and alternative investment associations throughout the Southeast, is responsible for managing client relationships and developing new business with hedge funds, private equity firms and real estate funds.

"The alternative investments market in the Southeast is growing and will continue to expand over the next few years and in response, KPMG is investing in resources to meet that need," said Al Fichera, national leader, Alternative Investments, Audit.

"We are confident that we have a have a strong and experienced team in place, led by tax partner Jennifer Blumer, to meet the needs of our current and future AI clients here in the southeast," said Chuck Walker, national leader, Alternative Investments, Tax.

Cross will play a key role in helping develop new relationships with our clients and creating new business opportunities for the firm," Walker added.

Cross is one of several account relationship directors that KPMG will be bringing on board in strategic cities around the U.S., as the firm continues to expand its AI practice, according to Maurice Holmes, national account relationship managing director for Alternative Investments.

Cross spent nearly 20 years in the broker/dealer business, six years raising capital for hedge funds, and the past six years focused on alternative investment business development.

Cross is currently president of the Southeastern Hedge Fund Association, chairman of Hedge Fund Cares Southeast, and is a co-founder of the Alternative Investments Group of the Carolinas, and co-founder of the Mid-South Alternative Investment Association.

Cross will be based in Nashville, Tennessee and Atlanta, GA.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 152,000 professionals, including more than 8,600 partners, in 156 countries.

CONTACT: Pete Settles KPMG LLP 201-505-6065 732-546-4212 (mobile) psettles@kpmg.com On Twitter: @pgsettlesSource:KPMG LLP