PwC hit with RSM Tenon probe August 13, 2012 Professional services firm PwC faces an investigation from the accounting regulator over its handling of RSM Tenon Group’s 2010 and 2011 audits, the Financial Reporting Council announced yesterday. The Accountancy and Actuarial Discipline Board will probe the conduct of PwC and other members of the Institute of Chartered Accountants in England and Wales (ICAEW) over their [...]
CITY MOVES WHO’S SWITCHING JOBS June 5, 2012 VAT Consultancy The VAT and customs duty advice firm has appointed Julie Park (right) as its new managing director, responsible for the daily running of the business and corporate expansion. Park is a former director at Deloitte and will work alongside VAT director Steve McIntyre. RSM Tenon Tim Ingram has been appointed as chairman at [...]
Ex-Collins Stewart chair to lead board of accountant RSM Tenon May 31, 2012 TIM INGRAM, the former chief executive of Collins Stewart Hawkpoint, was yesterday announced as the new chairman of accountant RSM Tenon. Ingram will replace outgoing Adrian Martin, who said last month he would step down after just three months in the role. The appointment follows a troubled few months for the firm, which in January ousted [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 14, 2012 FINANCIAL TIMES GM unveils Europe restructuring plan The head of General Motors’ Europe arm told anxious German workers on Monday that he would have to restructure production of a key model in order to help return the European operation to profitability. Paul Smith plans fresh move into China British fashion brand Paul Smith plans to [...]
RSM Tenon loses new chairman April 30, 2012 TROUBLED accountant RSM Tenon lost its second chairman since the start of the year yesterday, after Adrian Martin told the board he would step down as soon as a successor was found. Martin’s deputy, Michael Findlay, will also leave the board at the end May to rejoin Bank of America Merrill Lynch. RSM Tenon’s previous [...]
WHO’S SWITCHING JOBS April 26, 2012 Avoca Capital The European credit investment manager has appointed Stephen Holland as director of sales and marketing. Holland will spearhead Avoca’s growth in North America. Most recently he was business development manager for Abbey Capital, a Dublin-based hedge fund. He has also served as head of sales for Bank of Ireland Asset Management. BlackRock The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 16, 2012 FINANCIAL TIMES AB InBev takes over Dominica’s CND Anheuser-Busch InBev is to pay $1.24bn for control of fellow brewer Cervecería Nacional Dominicana. Cautious go-ahead for fracking The future of hydraulic fracturing – known as fracking – the contentious natural gas extraction technology – has been boosted after a report cleared the way for a company [...]
CITY MOVES | WHO’S SWITCHING JOBS March 28, 2012 First Reserve The leading global investment firm dedicated to the energy industry has appointed Alex T. Krueger as president, the next milestone in its senior management succession plan. Krueger has been with First Reserve for thirteen years, most recently serving as managing director in London. He was previously co-head of the company’s buyout funds. Krueger’s [...]
RSM Tenon plans staff cuts February 29, 2012 Advisory and accountancy group RSM Tenon is planning staff cuts as its costs rise, as it confirmed it had made a loss in the first half of its financial year. In the six months to 31 December, the company saw revenues fall 9.3 per cent to £107.8m. Taking into account a goodwill payment of £60.7m, [...]
London firms set to expand February 23, 2012 London’s entrepreneurs have set themselves ambitious growth targets, with 93 per cent looking to expand this year and one-fifth planning on growing by over 25 per cent, research from RSM Tenon showed yesterday. Respondents remained upbeat on the weak economic outlook with two-thirds claiming the challenging environment brings more opportunities, although under one-third are looking [...]