PIET KLYNVELD

'Piet Klynveld' opened a small accountancy practice in 1917 in Amsterdam, Holland, a bustling trade and investment hub for European and Asian industrialists. Many foreign enterprises, including royalty, governments, and even the Bank of England, traded extensively in Holland at the time, making it an active market for financiers as well as importers and exporters of virtually everything.
Klynveld became the chief accountant to many of these emerging businesses. To meet the demands of his growing client roster, he teamed up with a local tax firm called Meijburg & Company. One of these accountants was Jaap Kraayenhof, who joined Klynveld and eventually become senior partner of the Dutch firm Klynveld Kraayenhof & Co. (KKC).
Specializing in banking and exporting, KKC kept its name and independence by serving Dutch clients who were expanding throughout Europe and South America. In 1979, Klynveld Main Goerdeler(KMG) was formed with the merger of Klynveld Kraayenhof & Company, Deutsche Treuhand-Gesellschaft (DTG), and McLintock Main Lafrentz to create a strong European-based international firm.
In 1987, KMG and Peat Marwick International (PMI) combined in the first mega-merger of large accounting firms forming KPMG.