Hakluyt taps Lord Sedwill and Economist’s Lara Boro for board roles Prof Services Lord Mark Sedwill and the Economist Group’s chief executive officer have joined the board of strategic advisory firm Hakluyt. Lord Sedwill, the former cabinet secretary and head of the Home Civil Service under both Prime Ministers Theresa May and Boris Johnson, also served as a national security adviser. The company describes him as “one of [...]
KPMG spin-out Interpath Advisory makes third loss in four years as sale revealed Prof Services KPMG’s former UK restructuring division, Interpath Advisory, has fallen to its third loss since breaking away from the Big Four firm in 2021, it has been revealed. The business has reported a pre-tax loss of £11m for the 12 months to 28 March, 2025, new accounts filed with Companies House show. That comes after Interpath [...]
UK profit dips at BDO as partner numbers hit record Prof Services Mid-market accountancy giant BDO has seen its profit slip, with the firm blaming challenging market conditions and a significant increase in partner headcount for the decline. BDO UK delivered stable revenues of just £1bn over 2025, a slight dip after becoming a £1bn-turnover firm last year. Profit per equity partner (PEP) fell over 13 per [...]
Ex-JP Morgan and Schroders manager launches boutique advisory May 6, 2025 A former fund manager at JP Morgan and Schroders has launched a boutique advisory firm. William Meadon, who managed the JP Morgan Claverhouse investment trust from 2012 to 2024, has launched a new firm called Steppingstone. Meadon said that the firm was launching in a bid to challenge the approach of larger firms, targeting clients [...]