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Today’s news in brief – 16/10/2023

Accounting firm Hurst will relocate its head office to the under-construction 3 Stockport Exchange in 2024. The company’s growing team will occupy the entire fifth floor of the 64,000 sq ft Grade A office building. The move is prompted by Hurst’s impressive growth in recent years, with plans to reach £20m in fee income. The new headquarters will accommodate approximately 170 staff, allowing for further expansion.

Evelyn Partners’ Core Managed Portfolio Service (MPS) team has increased its exposure to government bonds while decreasing investment in corporate bonds. The team added holdings in Vanguard US Government Bond Index and the CG Dollar Fund, with minor adjustments in equity allocation favouring the US market. The shift reflects expectations of being close to the peak in the interest rate cycle in developed markets. The strategy aims to provide portfolio insurance in case of a growth shock.

Baker Tilly Mooney Moore has named Patrycja Reinke as a tax senior. She joins the firm from a big four accounting practice, where she specialised in corporation tax. Reinke will work on both personal and corporate tax at the Belfast-based company, which offers audit and assurance, business services, consulting, taxation, and restructuring and insolvency services. Her experience and enthusiasm are seen as valuable additions to the firm’s tax department.

BDO has appointed Craig Wilson as a director in its debt advisory team. With over 21 years of experience in advising real estate clients, he specialises in raising debt facilities for commercial real estate acquisitions, developments, and refinancings. Wilson’s previous roles include working as a commercial real estate debt originator for UK banks, including Barclays Corporate. His appointment aims to strengthen BDO’s debt advisory offering across the UK real estate market and optimise debt terms for clients.

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