KPMG to add more than 100 Stamford jobs

July 16, 2018

Professional-services firm KPMG LLP plans to move its Stamford offices to the downtown office complex at 677 Washington Blvd., and add 110 jobs during the next five years, with a multimillion state grant backing the project, state officials announced Monday.

KPMG recently signed a long-term lease and intends to renovate its new space, ahead of a spring 2019 move-in to the approximately 700,000-square-foot structure at 677 Washington Boulevard, which formerly housed the Stamford offices of investment-banking giant UBS and now stands as the city’s largest vacant office property.

“KPMG’s commitment to growing its operations and creating jobs in Connecticut is a testament to our top-notch workforce and unbeatable quality of life,” Gov. Dannel P. Malloy said in a statement. “It is an encouraging sign that world-class companies are continually choosing to set up or expand operations in our state.”

KPMG has operated in Stamford for nearly 40 years and employs 315 at its current offices on the edge of the downtown, at 3001 Summer St. The firm’s Hartford office has 231 employees.

“We’re committed to the city and excited about the growth we’re seeing, especially in financial services such as asset management and insurance,” Manish Madhavani, KPMG’s Stamford office managing partner, said in a statement.

The state Department of Economic and Community Development is supporting the relocation with a $3 million grant, in arrears, for lease-related improvements, equipment and other moving costs. Parts of the grant will be released when certain job creation milestones are met, state officials said.

“We know that professional services firms of KPMG’s stature have lots of options as to where to grow, so we are thrilled they made the strategic business decision to invest and expand in our state,” Catherine Smith, the state’s economic development commissioner, said in a statement.

pschott@scni.com; 203-964-2236; twitter: @paulschott