A round-up of the latest news, appointments, executive moves and acquisitions from the world of practice during October 2016.
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KPMG announces new head of solutions
25 Oct- Aiden Brennan has been appointed as KPMG’s head of solutions, where he will oversee the firm’s new technology investments.
The former global head of management consulting replaces Karen Briggs, who is leading KPMG’s Brexit response. In his previous role, Brennan tripled the practice’s revenues in seven years.
Simon Collins, chairman of KPMG UK, said: “Our experts are advising businesses on a wide range of issues ranging from currency volatility to providing immigration law advice. We are seeing significant demand to help mitigate potential threats as diverse as cyber security, financial crime, and disruption from artificial intelligence.
“Aidan will lead in developing and delivering the solutions our clients need and will help us to achieve our growth ambitions.”
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EY appoints global independent non-executive
25 Oct: Rosemary Martin has joined EY as its global independent non-executive.
Martin is an advisory board member of the Wesleyan Group of Companies and the Oxford Internet Institute. Rosemary has a seat on the Listing Authority Advisory Panel of the Financial Conduct Authority (FCA). She is also company secretary of Vodafone group plc.
Steve Varley, EY’s UK Chairman, said: “Rosemary brings a wealth of experience. Her appointment will help appropriately challenge us and ensure our overall governance is one of the highest standard and that we continue to play our part in helping to build a better work world based on trust, integrity and confidence in our business.”
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BDO appoints two new audit partners
21 Oct - Diane Campbell and John Perry have joined BDO as partners in its audit practice.
Campbell returns to BDO London after six years working in BDO’s Vancouver office. Perry arrives from PKF Littlejohn and has held a number of roles in KPMG’s insurance practice.
BDO reported these appointments as its audit practice saw revenues increase by 8.3% to £143m
BDO’s Managing Partner Paul Eagland said: “We will continue to invest in attracting high-quality people. Both Diane and John have significant experience, both in the UK and internationally, and are committed to helping businesses and people succeed. We’re delighted to see them join our already impressive audit team.”
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New partner promotion at Grant Thornton’s South-East Office
21 Oct –Grant Thornton has promoted of Jon Maile to Partner.
Maile serves as head of audit at the firm’s Gatwick office, after moving up through the ranks of Grant Thornton.
Jon Maile said “I will use this opportunity to cement our commitment to delivering quality and excellence to our clients in the South-East. As a business we are passionate about playing our part in developing a vibrant economy which empowers people to be at their best and nurtures thriving communities throughout the region.”
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Wilkins Kennedy celebrates staff exam success
18 Oct – Wilkins Kennedy congratulated three members of staff who have all passed their final exams.
Managing Partner Dave Fenn said: “We are looking forward to helping our newly qualified staff develop their careers with the practice.
“A lot of effort and hard work goes into qualification and I am really pleased with the latest round. I would personally like to wish them all the very best in their future careers with us.”
Sezen Tuncbilek, Georgina Tranter, Erhan Kale and Oliver Shaw are now all fully qualified
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KPMG appoints new head of private clients
17 Oct – KPMG has appointed Greg Limb as UK head of private client advisory.
Limb brings over 25 years’ of practical tax experience to the position, and spent the majority of time with KPMG specialising on private client and wealth advice.
He succeeds the retiring Dermot Callinan, who held the position for five years, and worked at the firm for 26 years.
“I am delighted to be taking over the reins of our UK private client advisory practice,” Limb said. “This is a time of significant change, not just for UK tax policy but for the regulatory environment around the world. The ever-increasing mobility of people, their capital and their businesses means more and more clients have an international dimension to their affairs.”
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Retired businessman sets up practice
17 Oct – Retired businessman Vipul Patel has set up own company, AccountsForMe, after retraining in bookkeeping and accounting.
Patel retired in 2013 but after one year, he was looking for new challenges. Patel joined an e-learning course in bookkeeping and accounting. After passing the exams, Patel launched the small business service and became an ICB member.
“My five year plan is to get up to three employees, and make them all shareholders. I want to be able to mentor new businesses in the Watford area and give back some of what I’ve learned,” Patel said.
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GT strengthens restructuring, debt and pensions advisory
14 Oct – Grant Thornton has announced seven new partner and director appointments in its restructuring, debt and pensions advisory service.
The new partners include: Senthil Alagar, joining from Alvarez and Marsal; Sarah O’Toole, from Alix Partners; Matt Richards, formerly a KPMG director; and Helen Dale and Amaechi Nsofor are both internal promotions.
Meanwhile, Chris McLean has been promoted to director and now leads the firm's debt advisory team, Philip Stephenson leads the regional debt advisory and Jamie MacKenzie has been made a director in the firm's pensions advisory team.
Shaun O'Callaghan, head of debt advisory and restructuring at Grant Thornton UK LLP said: “We are investing to support our corporate, banking and investor clients to help them successfully navigate whatever challenges they are facing."
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FRP Advisory promotes and welcomes new partners
11 Oct - FRP Advisory has promoted Mark Iwaszko to partner as head of forensic investment and appointed Christopher Osborne as head of accounting and investigation services.
Osborne joins FRP from Alvarez & Marsal. He has 17 years’ experience in financial investigations, specialising as an expert accountant investigator and advisor in fraud. While Iwaszko promotion comes after six years with the firm. He has 28 years’ experience in digital forensics, data capture, analysis and electronic disclosure.
Geoff Carton-Kelly, partner and head of FRP Advisory's London office, said: “Demand for FRP Advisory's Forensic Services team continues to grow and, under the leadership of Christopher and Mark, we have an even deeper wealth of proven in-house expertise to offer to our clients. We look forward to extending our excellent relationships with companies, investors, pension funds and law firms as we seek to establish commercial solutions for our clients.”
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KPMG prepares for Brexit with promotions
10 Oct - KPMG has promoted 40 partners and 108 directors as it prepares for the “pivotal role” advisers will play as the UK exits the EU.
Simon Collins, UK chairman of KPMG, said that these promotions reflect where the company expects to see its growth, with 20% being in financial services as advisers will inevitably support clients during the political and economic uncertainty in the wake Brexit.
“We are advising clients on their contingency plans, working with them to assess the robustness of their supply chains and their financing arrangements,” said Collins.
Outside of Brexit, Collins remains cognisant of the challenges in achieving diversity. “We now need to go further and improve the wider diversity of our talent pool, beyond gender, he said. “Our new approach to graduate recruitment, Launch Pad, will be crucial in our efforts to achieve this long term change and the pilot has already delivered the most diverse intake of hires we’ve ever seen”
Collins impressed his commitment in tackling the progression barriers at the firm’s executive layer that’s presented to females in the workplace. Females make up 33% of the executive committee board members, 28% of partners and 27% directors.
“We need to pull talent up through the business and I have made every member of the leadership team personally responsible for monitoring the diversity of their business area, spotting bottlenecks and intervening to overcome them,” he said.
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Duncan & Toplis supports 21 trainees through studies
10 Oct – Duncan & Toplis is supporting 21 trainees throughout their training, tuition, study leave, with the students beginning AAT while others commence their ACA studies.
The East Midlands firm held a formal induction day for the trainees where they met directors Tim Godson and Andy Severn, a manager Alison Green. The trainees are split between 13 studying ACA, six starting their AAT, two on a university placement, and three having
Tim Godson, head of student training, said: “We are very proud to be training such a great number of promising individuals at Duncan & Toplis. All of our offices will be feeling the benefit of their enthusiasm as they begin their careers with us.
“It is a particularly exciting year for those joining us on ACA training contracts as we have launched a new training programme that will see each student rotating around different offices. Their training will have more variety and they will have the chance to work within and learn about more sectors, with the chance to adopt specialisms such as tax and audit towards the end of their contract.”
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Shelley Stock Hutter announces new partner appointment
4 Oct- Shelley Stock Hutter (SSH) has appointed Rick Behan to a partner, effective from 1 August.
Prior to joining SSH, Behan worked for Manchester firm Hurst specializing in start-ups and SME clients. Behan’s client base now covers the development property and financial services sectors.
Bobby Lane, partner at SSH, comments: “In a profession, where the role of the accountant is irrevocably changing placing greater commercial demands on the relationship, Rick has all the necessary attributes – not only is he hugely committed to delivering the best for his clients but he has a depth and breadth of skills now required for today’s and tomorrow’s entrepreneurs.”
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Wilkins Kennedy joins Allinial Global
3 Oct - Top 20 accountancy firm Wilkins Kennedy has expanded its international reach by joining Allinial Global.
Allinial Global is an international association of independent accounting and consulting firms with collective revenues of US$1.6bn, predominantly in the USA.
Wilkins Kennedy, which already has links to 70 countries through its membership of the IAPA, is the first UK member of Allinial Global.
Adam Wilson, international contact partner at the firm, said: “We see this as a very exciting opportunity to develop our international tax, M&A, corporate and private client advisory as well as outsourced accounting and payroll services – the latter being particularly relevant to US companies wishing to invest in the UK. It also provides a large opportunity for us to help our UK clients wishing to develop their businesses across the Atlantic.
“Many North American companies still see London and the UK as their gateway to Europe. Excellent transport links, a favourable business environment and an English-speaking workforce make it a preferred location for inward investment both directly to the UK, and still (post-Brexit) as a stepping-stone into the Eurozone.”
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KPMG appoints new UK head of people
3 Oct - KPMG has announced the appointment of Ann Brown as UK head of people.
Brown joins the firm’s executive committee and will start her role on 14 November.
She was previously divisional director, HR at Nationwide Building Society and a senior vice president of HR at Capgemini. She replaces Philip Davidson, managing partner, who had been in the position on an interim basis.
Brown said: “I have worked with employees and young people looking to enter the world of work for over thirty years and I don’t think there has ever been a more exciting time to be a human resources professional.
“Technology and millennials, in particular, are completely transforming how we operate at work. This presents a challenge as well as an opportunity to employers of all shapes and sizes and is certainly both for an established large business such as KPMG. At the same time, the core principles at the heart of good professional services – relationships, values, professionalism – have not changed,” she said. “The companies that will succeed in the future are those which are able to harness technology and the changing market dynamics, without losing sight of their DNA.”
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