A round-up of the latest news, appointments, executive moves and acquisitions from the world of practice during July 2016.
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CABA announces new president
18 July – Accounting charity CABA has announced the Susan Fields as its new president.
Fields takes the reigns of the charity having 30 years’ experience as a chartered accountant, acting for charities during this time, along with being a CABA trustee for four years. This isn’t the first time Fields has acted for a charity, since she is currently the FD for a homeless housing charity.
Outlining her ambition in the role, Fields said: “I want to help drive further awareness of CABA – for those in business and in practice, and support the wellbeing of ICAEW members across all areas of their lives to ensure a happier and healthier profession.”
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RSM recruits former BDO tax partner
20 July – Former BDO tax partner Andrew Robinson has joined RSM’s Bury St Edmunds office, further developing the firm’s growing tax advisory services.
Robinson specialises in privately owned businesses and not for profit organisations, where he has helped charities become more tax efficient and increase their gift aid claims.
Speaking about Robinson’s appointment, Bury St Edmunds’ office managing partner Stephen Duffety said: “He is well known across the East Anglian business community and brings with him a high level of expertise in a wide variety of tax specialisms which will be of real benefit to our clients across the region.”
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GT enlists new corporate finance lead
20 July – Grant Thornton has promoted Andy Morgan to head its corporate finance advisory team.
Morgan joined GT four years ago as lead advisory partner after ten years working for PwC, where he specialised in software and IT services.
Talking about his role, Morgan says: “As a firm we have made a commitment to playing our role in creating a vibrant economy where both people and business flourish. Helping our clients unlock growth opportunities through M&A in a challenging and uncertain environment is integral to this and has never been more important.”
Morgan cites the “uncertainty and volatility” of Brexit as a key issue for the advisory team in the foreseeable future. Therefore, he says he will provide the team with the skillset to advise clients on what the changes will mean to them.
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EY appoints Big Four veteran
19 July – EY has appointed former Big Four legal veteran Boaz Goren to lead its direct litigation service.
Goren arrives at EY after spending three years with KPMG serving as tax ligation director, and before that, he spent 12 years working for PwC as its tax litigation solicitor.
EY’s head of tax controversy and risk management Jim Wilson says Goran’s appointment will enhance their “core tax dispute resolution capabilities”.
He adds: “With HMRC taking an increasing number of direct tax cases to litigation, Boaz’s experience and expertise will be a real asset.”
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Forensic firm bolsters investigation team
12 July – Honeycomb Forensic accounting has bolstered its civil, regulatory and criminal investigations’ team by appointing Chris Martindale as Director of Investigations.
Martindale joins the investigations and litigation support firm from the Serious Fraud Office. He brings 25 years’ crime and AML management experience, working as head of investigations at RGL and leading BDO’s fraud and financial crime team.
Honeycomb’s managing director Jeffrey Davidson says this appointment “represents a major step forward for the firm”. He continues, “It gives us a very strong presence in the investigations field able to service client needs complementary to and working alongside Honeycomb’s well established expert and litigation support services.”
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EY promotes 714 partners
5 July - Outdoing PwC’s partner announcement in last month’s practice news, EY has promoted 714 partners worldwide over the last year.
Breaking down the figure EY boasts that 29% of the partners represent women, which almost mirrors PwC’s result. The majority of promotions came from the Americas, which contributed to 287 promotions (40%). The assurances service line created the biggest number of promotions, making up 37% of the total, with tax being the second largest promotion generator at 28%.
EY’s Global chairman Mark Weinberger was obviously sanguine at the announcement. “Despite an uncertain economy, we are still investing and these promotions are a tribute to the contribution these new partners have made to EY and our future.”
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SB&P appoints new partner
6 July – Liverpool based firm SB&P has expanded its management team with the arrival of its new partner, Suzanne Draper.
Draper started her career with Malthouse & Company in 2002, before expanding her expertise in the preparation and audit of company and group accounts. She joined SB&P in 2008, starting out as a senior manager before moving into her new position this summer.
In a statement, SB&P managing partner Wendy McNulty said: “Suzanne has worked tirelessly over the last eight years to grow and the develop the firm and we are really pleased to welcome her to the partnership team, it’s a promotion that’s well deserved and she will help lead SB&P’s expansion plans in the coming years.”
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BKL Cambridge appoints Big Four audit expert
6 July – BKL Cambridge has hired former Deloitte audit veteran Richard Crane as a new partner.
Crane joins the Cambridge firm with 17 years’ experience as an audit partner with Deloitte, mainly dealing with land and property ownership. As a keen farmer, he specialises in the agriculture, a sector where he gained his degree. As well as being an auditor, Crane also dips into private companies and individuals.
Speaking about the opportunity of joining BKL, Crane said: “It punches well above its weight in acting for individuals and families who own properties or businesses, and for many entrepreneurs too. It has a strong ‘can do’ attitude.”
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GT expands its assurance team
4 July – GT has expanded its national assurance team by promoting its Jake Green to partner.
The head of financial reporting has worked in GT’s technical practice since 2003, mainly helping clients prepare financial statements, with in IFRS and UK GAAP. In a statement, GT’s head of assurance Sue Almond hailed Green’s dedication to “shaping the firm’s national assurance practice”.
Commenting on his appointment Green said "The financial landscape is ever changing. The impact new policy changes can have, not just on companies' compliance procedures but on their commercial and strategic decision making, is wider than you may expect."
About Richard Hattersley
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