Practice news: Top level changes at BDO

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A round-up of the latest news, appointments, executive moves and acquisitions from the world of practice in June 2017.

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Mazars appoints Paul Joyce as Corporate Finance Partner

15 June - International accountancy firm Mazars has moved to strengthen its position in the corporate finance sector with the appointment of the chartered accountant Paul Joyce as a partner and head of corporate finance in London.

Mazars, which currently has over 1,700 employees and 140 partners in 19 offices, seeks to add value to its services with the appointment of Joyce, who has over 12 years’ experience of working on mergers and acquisitions for a wide range of clients.

Prior to joining Mazars, Joyce has worked for Credit Suisse, PwC and Deloitte, where he completed over 20 deals in the business and financial services sectors, covering both the buy and sell sides.

Joyce said: “I am really excited to be joining Mazars. The firm has grown strongly over the last few years and is committed to investing in and growing its corporate finance offering, particularly in London.”

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New hires and promotions at PKF Cooper Parry

14 June - PKF Cooper Parry has announced three new hires and 18 promotions in its East and West Midlands offices. The changes follow the creation of 68 new jobs in January and additional senior appointments in February.

The mid-tier firm has appointed Peter Raybould as director. Prior to his appointment, Raybould was director at ThreeSixty Commercial Finance for almost three years. He has also held roles at KPMG, BDO, Aldermore and Barclays Bank, where he was associate director for 14 years.

Simon Moult, who was the regional director of asset finance for Ultimate Finance group and has more than 25 years’ experience in the industry, has been appointed as business finance manager of the restructuring team.

Tom Summers has been appointed as senior manager of Cooper Parry Corporate Finance. Summers had previously spent seven years within the mergers and acquisitions and private equity departments of RSM.

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Top level changes at BDO

14 June - Accountancy and business advisory firm BDO has announced a new global CEO and two new non-executive directors.

BDO has appointed Keith Farlinger as new global CEO of the firm’s international network from November 2017. Farlinger is currently part of BDO’s global leadership team as CEO Americas, as well as former CEO of BDO Canada.

Martin van Roekel, who previously held the role for more than six years, will continue with BDO in the capacity of vice-chairman of the firm. The firm has seen above-market growth during Martin’s time as global CEO, with revenues totalling US$ 7.6bn in 2016, becoming the leader in the consolidation of the profession’s mid-tier.

BDO has also appointed Jeff Randall, former business journalist at Sky News, and the HR strategist Russell King as independent non-executive directors. They will be joining INE Simon Figgis at BDO’s leadership team from 1 July 2017.

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Baldwins creates new head of client services position

5 June - National accountancy firm Baldwins has reinforced its recent rapid growth with the appointment of Guy Waterman from the Lloyds Banking Group as head of client services.

The newly created role is designed to help Baldwins maximise added-value services across its new clients and manage its existing client base.

Over the past 18 months, Baldwins has acquired 24 accountancy firms as part of a strategic expansion plan – which in turn has seen the number of small to medium sized businesses they service increase to more than 70,000, while the number of Baldwins offices have also grown from 16 to 42.

In his new role, Waterman will be responsible for helping Baldwins’ account managers identify suitable added-value services for each of their clients covering areas such as corporate finance, banking and finance, software and payroll.

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HWB promotes firm’s legal specialist

5 June – Independent accountancy firm HWB has promoted Gary Brown to director.

Brown, a former associate director, will head up the legal team at HWB. He has been with the Hampshire-based firm for more than a decade since joining its accounts and audit team in 2006 when HWB merged with Rossell Hicks.

With almost two decades of experience as a chartered certified accountant, Brown has worked with a wide range of organisations including solicitors and other professional firms which have particular compliance requirements.

As a member of HWB’s leadership team, Brown will also have responsibility for managing a wide portfolio of clients, ranging from small businesses to large audit clients, across Hampshire, Wiltshire and Dorset.

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Cambridge firm Sandcroft joins Price Bailey

2 June - Top 30 practice Price Bailey confirmed last month that it had acquired the payroll and management services firm Sandcroft, based in Sawston, Cambridgeshire.

The 14-strong Sandcroft term will join Price Bailey, with firm founder Billy Wilson becoming a consultant. His son William joins Price Bailey as a partner and Annie Burch remains a director. The two practices have had a complementary relationship for several years, according to Wilson Snr.

“I am particularly excited for Sandcroft to join the Price Bailey team, it will enable me to gradually step back from the practice. Our focus on providing approachable and people-oriented services is clearly reflected in their ethos, whilst our existing client-base will hugely benefit from Price Bailey’s innovation and growth in the market.

“We are now able to expand our service offering for our clients across various new areas including Legal Services, as well as broadening our Business Team offering with more specialists to hand in areas such as VAT and Pensions.”

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