Today’s news in brief – 02/11/2023

Jean Stephens, who has served as CEO of RSM International for 17 years, will step down from her role in May 2024. During her tenure, she laid the foundations for RSM's 2030 Global Strategy, which was launched in January. Stephens will continue as CEO until May 2024, and then transition into an advisory role at RSM, focusing on member matters and development to support a smooth transition. Under her leadership, RSM's global revenue grew from $2.4bn (£2bn) to $8bn (£6.6bn) by January 2023, and the network expanded from 23,000 people across 72 countries to 57,000 people across 120 countries. The RSM CEO Succession Committee will undertake a rigorous process to select her successor. Cooper Parry has acquired Chamberlyns, an independent wealth management firm, as part of its Cooper Parry Wealth (CPW) team. This acquisition is the fifth of 2023, following previous acquisitions in the Tech & High Growth space, as well as other financial planning and wealth management businesses. The deal elevates CPW's assets under management to over £1.3 billion and expands its headcount to around 70, with Cooper Parry now having over 1,150 staff. The move aligns with CPW's focus on financial planning and evidence-based investing, shared principles with Chamberlyns. Ten UK accounting firms, including Prager Metis and Harrisons Accountancy, have received the 'On the Road to Net Zero' certification from the Net Zero Accountancy Initiative. This certification recognizes their commitment to addressing climate change by aligning with the latest climate science, including SBTi and the Greenhouse Gas Protocol. The initiative offers tailored emission reduction plans to help firms cut costs, engage clients, and motivate staff. An additional 21 firms have also signed up for the initiative, collectively employing 4,000 people, potentially reducing emissions by 300,000 tons annually over five years. ACCA, the leading accountancy body, is calling on its 3,600 members in Wales and over 2,200 ACCA students to help bolster the Welsh economy. They are seen as well-placed to support businesses, the public sector, and the third sector in creating long-term prosperity and sustainability. ACCA's chief executive, Helen Brand, emphasises the expanded role of finance professionals in the modern business landscape, driven by digital technology and sustainability demands. ACCA also conducts research on emerging issues, including artificial intelligence and sustainability reporting, and seeks to provide support to help businesses prosper.