Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Mark Rhys has begun his tenure as the new president of ICAEW for 2023/24.
He succeeds Julia Penny in the role and will serve a one-year term until June 2024, when he will hand over to Malcolm Bacchus. Rhys joined the ICAEW council in 2018 and became an ICAEW board member that same year.
During his year in office, Rhys will highlight the role of the accountancy profession in “leading and supporting greater long-term strategic thinking” to address global economic and social challenges. He will also champion the profession’s continuing journey to embrace greater diversity and inclusion.
The ICAEW said his work as president will support its commitment to serve the public interest as defined in its Royal Charter and the implementation of the institute’s 10-year Strategy.
Rhys qualified as an ICAEW chartered accountant with Arthur Andersen in 1987, becoming a partner in 1996 and auditing a variety of banking and capital market clients. He then became a partner at Deloitte, where he was the global lead contact for interactions with the Financial Stability Board.
In 2007, he became the first chair of ICAEW’s Financial Services Faculty. He has also chaired the Technical Strategy board and is a member of both the Audit and Nominating committees.
In addition, Rhys has served as the joint chair of the Global Public Policy Committee’s Bank Working Group, worked as a member of the Prudential Regulation Authority’s Practitioner Panel and was part of Sir Donald Brydon’s Auditors’ Advisory Group.
He said: “I am delighted and honoured to serve as the new ICAEW president, especially at a time when we face such fundamental challenges and opportunities, ranging from rebuilding trust in the profession to accounting with sustainability at its core.
“There is so much potential for chartered accountants from all backgrounds to enable positive change for their local communities, economies and beyond. By bringing integrity, courage and a diverse range of expertise to the fore, our members will continue to do their part in building stronger and more sustainable economies.”
