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Movers & Shakers: FRC appoints senior investment advisor

30th Apr 2010
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The imminent departure of Sage CEO Paul Walker (see below) dominates this month's round-up of accountancy's important comings and goings.

Guardian CFO takes over as interim CEO
30 Apr - Guardian Media Group CFO Andrew Miller will take over as interim CEO in July when the current CEO, Carolyn McCall, leaves for easyJet. Miller moved from Trader Media Group to take over as CFO in August 2009. Before joining Trader Media he held senior roles at PepsiCo Inc. (PEP), Bass and Procter & Gamble Co. (PG).
The process to recruit McCall's successor is being led by a nominations sub-committee led by Amelia Fawcett, chairwoman of Guardian Media. The committee and its executive search consultants will consider internal and external candidates, according to Guardian Media.

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First non-accountant managing partner for Saffery Champness
29 Apr
- Top 20 accountancy firm and private wealth specialist Saffery Champness has today announced the election of Jonathan Fox as the firm’s new managing partner, effective from 1 April 2010. He succeeds Rob Elliott who has held the post of Managing Partner since 2002 and now becomes the firm’s Finance Partner. Jonathan’s appointment is the first time a non-accountant has held the position of Managing Partner at a top 20 firm. 

Previously executive partner at Saffery Champness, Fox plans a strategic focus on developing internal and recruiting external talent.

Fox was previously chief executive of both a law firm and a Barrister’s Chambers. He started his management career at Boots plc, before going on to spend four years as head of client development at global law firm DLA Piper. In 2001, he was headhunted by solicitors Collyer Bristow as their first ever chief executive. Directly before joining Saffery Champness in 2008, Jonathan held the post of chief executive officer at St Philips Chambers, the second largest set of Chambers in the UK, where he oversaw the largest merger ever seen at the Bar. He was educated at Leeds Business School and holds qualifications from Harvard Business School and Cranfield School of Management.

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Berg Kaprow Lewis appoints new partner
29 Apr
- North London chartered accountants and business adviser Berg Kaprow Lewis LLP (BKL) has promoted Myfanwy Neville to the post of partner. Neville is 30 years old and joined the firm in September 2001 after completing a degree in Mathematics at Imperial College. She enrolled on the firm's training programme, becoming a fully qualified chartered accountant in 2004.

She became a manager in the audit department in 2005, was promoted to senior manager in 2008, before becoming a partner on 1 April this year.

BKL managing partner Brian Berg said: “Over the past nine years Myfanwy has proved an invaluable member of the team, working in a number of departments and providing a first-class service to our clients. We look forward to her playing an even bigger role in the success of the practice in future.”

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Bishop Fleming prepares for expansion
29 Apr
- South West accountancy firm Bishop Fleming has appointed a new management team, headed up by Jerry O'Sullivan, who will replace retiring chief executive, Brian Payne.

The firm's five year business plan aims at growing turnover to £15m (from £11m) and will including acquisitions of other accountancy firms in the South West.

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Leavitt Walmsley Associates appoints new director
27 Apr
- Steve Collings has been promoted to the role of audit and technical director at Leavitt Walmsley Associates Ltd, based in South Manchester.

Collings, who is a regular contributor to, joined LWA as a semi-senior accountant in May 2000 where he trained and qualified. He was later appointed audit and technical manager where he helped strengthen the firm's technical compliance procedures. His new role involves overseeing and implementing the firm's technical processes and reporting as the firm's senior statutory auditor for its audit clients. It will also involve working with the managing partner to drive the practice forward and managing the practice trainees to help them achieve their ACCA qualification.

Les Leavitt FCCA, managing partner of LWA said “I am delighted to welcome Steve as my co-director.  Steve’s dedication and technical knowledge will help the practice continue to deliver the high levels of service and technical knowledge we pride ourselves on.

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FRC appoints senior investment advisor
21 Apr
- Peter Montagnon has been appointed as senior investment advisor to the Financial Reporting Council, starting in early June. He joins the FRC from the Association of British Insurers, where he was director of investment affairs. Prior to joining the ABI in 2000, Montagnon worked at the Financial Times, where his assignments included a spell as head of Lex. He is a member of the European Corporate Governance Forum, a past chairman of the International Corporate Governance Network and a visiting professor at the Cass Business School.

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BDO director appointed ICAEW accredited expert witness
20 Apr
- Andrew Maclay, director of BDO's Forensic Accounting team has been accredited by the ICAEW as an expert witness. Maclay is one of only 14 individuals to receive accreditation, having passed at the top level possible and will now be added to the specialist expert witness online public register which is a reliable and direct resource for clients and potential clients looking for forensic accountants and expert witnesses in accountancy with recent and relevant experience in the field.

As an accredited expert witness, Maclay can now provide independent, robust and clear opinions during the litigation process for clients of the firm. The team of expert witnesses at BDO support their clients through contentious matters in a range of ways including analysing complex financial issues, opining on UK or international financial reporting standards, quantifying loss and damages, including cartel/competition and compulsory purchase order cases, valuing businesses or shareholdings, opining on liability in accountants’ negligence claims and extracting electronic information and complying with electronic discovery orders.

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New director at Cooper Parry
20 Apr
- Cooper Parry Wealth Strategies has promoted Rebecca Aldridge to director. Her role will see her take responsibility for compliance and other operational matters, as well as assisting two of the firm’s partners Sarah Axe and Stephen Jones with the delivery of key strategic projects. She will also be providing high net worth clients with wealth planning advice. Aldridge has been with Cooper Parry for seven years and joined to develop their specialist pensions administration service. 

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KPMG appoints new director
20 Apr - KPMG has expanded the economics and regulation team within its communications practice with the appointment of a new director, Benoit Reillier. He joins the professional services firm from LECG, where he was director and joint head of the European telecommunications, media and technology practice. 

Reillier will join KPMG’s regulatory professionals who advise governments and regulators as well as telecoms and media operators globally on the complex regulatory and economic issues faced by these sectors, as part of the firm’s wider Risk and Compliance Group.

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Sage chief to step down
19 Apr
- Sage chief executive Paul Walker has announced he will leave the company after 16 years at the helm. Walker is one of the longest serving FTSE 100 bosses, having joined the company as an accountant in 1984. He was appointed finance director in 1987 and piloted its listing on the London Stock Exchange in 1989. He became chief executive in 1994.

Sage has reportedly appointed headhunters Russell Reynolds Associates to find a replacement, although no official date has been set for Walker's departure. Media reports suggested Walker wanted to leave while he is "still young enough to pursue fresh challenges".

Sage said in a statement: “Paul Walker has advised the board of his intention to stand down from the company in due course, after 16 years as chief executive and 26 years with the company. Paul and board will work to ensure a seamless transition and the board will make further announcement at an appropriate time.”

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SME project leader appointed to main IASB board
15 Apr
- Paul Pacter, the author and champion of the IFRS for SMEs, has been appointed to the International Accounting Standards Board (IASB).  Pacter, who has served for six years as director of small and medium sized entities (SMEs) for the IASB, asked that his term be limited to two years, rather than the customary five year term. He will therefore serve on the board from 1 June 2010 to 30 June 2012.  He will also continue to chair the IASB’s SME Implementation Group on behalf of the IASB.

Pacter has been a leading figure in the world of standards-setting for more many years, having served as deputy director of research at the US Financial Accounting Standards Board (FASB) and as vice chairman of the Advisory Council to the US Government Accounting Standards Board (GASB). A PhD and (inactive) Certified Public Accountant, Pacter has also worked as part-time director of Deloitte’s Global IFRS leadership team since 2000. He will give up that position when he joins the IASB.

Pacter will fill the IASB vacancy created by the retirement of Jim Leisenring and although his term will be truncated, he is likely to provide some technical continuity as the board seeks a new chairman to replace Sir David Tweedie, who is due to retire in June 2011.

Gerrit Zalm, chairman of the International Accounting Standards Committee (IASC) Foundation, commented: “The trustees are delighted that Paul Pacter has agreed to join the IASB.  His extensive technical knowledge of both IFRSs and US GAAP will be of great benefit to the Board as it completes its convergence programme.”


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