One of the UK’s biggest consultancies has ousted the head of its financial services consulting division, following a probe into alleged misconduct.

A spokesperson for KPMG confirmed that Tim Howarth had left the company.

“We hold all of our people to a very high standard and take swift and appropriate action against any individual whose behaviour contravenes the firm’s values,” it said.

KPMG said that Mr Howarth has appealed against the decision.

“We can confirm conduct issues have been raised related to a partner and following an internal investigation and disciplinary panel, that partner has left the firm. Under our process the partner has appealed.”

KPMG refused to comment further on what the “conduct issues” involved.

Mr Howarth told the Financial Times – which first reported the story – that

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