Movers and Shakers May 2015
Your monthly round-up of who is moving where.
FRC hires investor engagement director
The Financial Reporting Council (FRC) has appointed Jennifer Walmsley as director of investor engagement to facilitate its outreach among investors and develop policies to support its mission to foster investment.
Jennifer will join the FRC in June from Hermes Investment Management, where she is director, engagement. She has significant global financial markets experience, in particular of engagement with global companies and regulators on strategic, financial, social, environmental and governance issues to achieve positive change in the interests of long-term shareholders.
Before her appointment as director, engagement at Hermes, Jennifer was head of the firm's engagement in the USA and UK. She was previously a journalist, first with The Economist and then Euromoney.
The FRC is responsible for promoting high-quality corporate governance and reporting to foster investment. It sets the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. It represents UK interests in international standard-setting. The FRC also monitors and takes action to promote the quality of corporate reporting and auditing, and operates independent disciplinary arrangements for accountants and actuaries.
Host of hires at Baker Tilly
Baker Tilly has made a number of senior appointments around the UK and across its services, including a record 13 new partners. Chief among them is the promotion of Rowan Williams to head of Baker Tilly's professional services group. She joined the firm in 2009 and has led the London business advisory team, along with the professional services group in the London and south regions.
The firm will also benefit from the expertise of Steve Hopkins as a consultant in its restructuring and recovery practice. Hopkins was previously head of corporate insolvency at Barclays Bank. In addition, new partners at Baker Tilly are Victoria Craven, Richard Eccles and Perry Linton in audit and assurance; Chloe Ellis, Joan Foster and Helen Relf in tax; Jason Stone and James Wild in corporate finance; Fiona Miller, Diana Frangou and David Taylor in the restructuring and recovery practice; and Sandra Snow and David Hilland in the national HR and IT-support departments respectively.
Welcoming them to the firm, Laurence Longe, Baker Tilly's national managing partner, said: "It is a real measure of the success of our long-term investment in our training and development programmes that so many talented individuals within the firm and from around the country have this year been promoted to partner."
Bishop to aid Scott Group growth
Leading industrial supplies company Scott Group has named Jim Bishop CA its new non-executive chairman.
Jim has more than 20 years' experience as a partner with Ernst & Young (EY) and was latterly senior partner, Scotland. He retired from the position in December 2014 to become non-executive chairman of EY Scotland.
He joins Scott Group following a successful year for the organisation, involving the development of a five-year partnership agreement with Britain's largest sawmilling business, BSW, and a multimillion-pound joint investment with Forth Ports Ltd to regenerate the port of Burntisland as a state- of-the-art pallet-manufacturing facility.
Commenting on the appointment, Norman Scott, group operations director, said: "We are in a good position for growth in 2015 and look forward to benefiting from Jim's expertise and contribution to our plans."
Jim Bishop added: "I'm very excited to be joining Scott Group at this time, having known the business and its directors for a number of years. I'm looking forward to assisting with the growth of Scott Group and its exciting future ahead."
Search engine finds new CFO
Google has announced that Ruth Porat, currently chief financial officer at Morgan Stanley, will join its management team as CFO on 26 May.
Ruth joined Morgan Stanley in 1987 and has played several key roles with the company, including vice-chairman of investment banking, global head of the financial institutions group and co-head of technology investment banking.
She is vice-chair of the Stanford University board of trustees, a member of the US Treasury's borrowing advisory committee, a board director at the Council on Foreign Relations and a member of the advisory council of the Hutchins Center on fiscal and monetary policy at the Brookings Institution.
Google CEO and co-founder Larry Page said: "We're tremendously fortunate to have found such a creative, experienced and operationally strong executive. I look forward to learning from Ruth as we continue to innovate in our core – from search and ads, to Android ... and YouTube – as well as invest in a thoughtful, disciplined way in our next generation of big bets."
Other movers and shakers
XA Assistance UK has named Anthony Bradley its new CFO. Anthony, who joined the company in 2002 and was previously the company's deputy chief financial officer, will assume responsibility for all aspects of financial control, reporting and accounting functions.
HMT has promoted Paul Read to partner. Based in the Thames Valley, Read is a due diligence specialist and has worked in HMT's transaction support team since he joined the company in 2013. Previously, he was finance director of a private equity portfolio company following a spell in a corporate finance department.
Nevis Capital LLP has promoted Ian Buchan CA to partner. He joined the private equity firm in 2008 having previously worked for the Clinton Hunter Development Initiative in Malawi. He sits on the board of Dieselec Thistle Generators and James Ramsay.
SBP accountants and business advisers, which has offices in Aberdeen, Peterhead, Fraserburgh and Banff, has merged with Andrew Philip Chartered Accountants, based in Aberdeen's Carden Place. As part of the deal, the chartered accountant's client list moves over to SBP, tripling the company's Aberdeen customer base, which includes a number of high-profile north-east-based businesses, including a range of oil and gas clients.
KPMG has added to its tax team specialising in innovation reliefs and incentives with five new staff across Scotland. R&D tax specialist Sandra Gilchrist is named associate partner, working alongside senior manager Neil Muir in the firm's Glasgow office, together with the appointments of Mari McCrossan and Natalie MacFadyen as assistant managers in Aberdeen, and Peter Eyles as assistant manager in Edinburgh.
KPMG also made two other key appointments in its Edinburgh office, with Russell Irwin joining as a director supporting Sam Subesinghe leading the IT-advisory and technology- risk team. Ryan Aitken CA, previously a senior manager at KPMG, has recently rejoined as a director to lead the financial services internal audit team in Scotland.
Wylie & Bisset has appointed Scott Gillon as partner in the company's corporate department responsible for private and public- sector portfolios. Scott specialises "in adding value to the audit experience" in the education, legal and private sectors. He joined the company in 2009 as audit manager before becoming associate in 2013. Gillon was previously audit manager for Alexander Sloan Chartered Accountants following eight years working as assistant manager at BDO.