The firm, which employs more than 1,200 people in Scotland, has promoted 14 assistant managers, 25 managers, 11 senior managers and three new directors including; audit director, Madeline Grant and FS consulting director Martin Douglas, who’ll be based in Edinburgh, and Glasgow-based deal advisory director, Colin Boyd.

Commenting on his promotion, Martin Douglas said: “The last year has been incredibly challenging for businesses in Scotland and they’ve depended on our expertise to support them through every stage of the pandemic – from resilience to recovery. I’m proud to have been part of KPMG throughout that period.

“The firm has been at the forefront of supporting the economy and delivering innovative new ways of working, with teams collaborating remotely and overcoming huge challenges to deliver best-practice within the sector. I’m thrilled that I, and a number of my colleagues, have been recognised this year. We’re looking forward to continuing to deliver the best service and support to our clients as they take the next step in their journey and prepare to move from recovery to long-term, sustainable growth.”

The promotions come at a pivotal moment for KPMG as the firm reports a significant increase in activity across all areas of its business.

Last month, KPMG forecast Scotland’s wider economy could completely re-gain ground lost in the pandemic, within two years, slightly outpacing the return to growth elsewhere in the UK.

Catherine Burnet, KPMG’s regional chair in Scotland, added: “There’s a growing sense that Scotland’s economy is beginning to move again. As restrictions continue to ease and businesses open back up, we should start to see a significant uptick in wider business activity. The recent return to growth is reflected in our promotions, with a total of 53 colleagues recognised this month across our three offices and across all areas of the firm, including Audit, Deal Advisory, Tax and Legal, and Consulting.

“More than ever before, our clients rely on KPMG’s wealth of expertise and talent to support them through the challenge of Covid-19 and help them find a path out of the pandemic towards recovery and long-term growth.

“I’m incredibly proud of the talented individuals within the Scottish practice and I have no doubt we’re the best placed firm to support the country’s business community as it navigates through the challenges and opportunities that will arise as Scotland slowly emerges from lockdown.”