Today’s news in brief – 26/11/2024
The ACCA urges the government to collaborate more closely with the accountancy sector, which contributed £98bn to the UK and Irish economies in 2022. It highlights the sector’s role in underpinning growth in key industries identified by the Labour administration. ACCA emphasizes the profession’s potential to aid in achieving net-zero goals, regional growth, and economic resilience. Glenn Collins and Jessica Bingham of ACCA advocate for detailed planning and policy implementation to support growth, leveraging insights from members who address challenges in skills, jobs, and investment. The profession also boasts a £4.9bn trade surplus and £4bn in service exports annually.
Azets has promoted Mark Barrie to head of debt advisory to address rising demand for specialist funding support. With over 25 years in financial services, Barrie will assist SMEs with working capital, asset finance, and property funding. His team of seven includes four regional directors and plans for expansion. Barrie highlighted the challenges businesses face, including economic stagnation, Brexit, and inflation, and underscored the need for strategic financial guidance. CEO Peter Gallanagh commended the debt advisory team’s role in supporting 93,000 clients, offering tailored solutions to drive business growth and resilience amidst ongoing economic pressures.
Evelyn Partners has appointed Kate Morissey as head of asset allocation, enhancing its investment management leadership team. Morissey, formerly at HSBC Global Asset Management, will oversee macroeconomic and quantitative strategies, contributing to £62.7bn in assets under management. Reporting to Edward Park, she will optimize investment strategies and foster collaboration within the central investment team. Park praised her leadership and expertise as aligning with the firm’s values. Morissey expressed enthusiasm for strengthening asset allocation processes and delivering innovative investment solutions for clients. Her role supports Evelyn Partners’ aim to enhance its market presence and investment capabilities.
Consilium Chartered Accountants has appointed Siobhan Moore as corporate finance director, boosting its lead advisory and due diligence services. Moore brings extensive experience, having worked with disruptive businesses at SIS Ventures and Johnston Carmichael. She will support private equity houses, banks, and investors while promoting diversity in the profession. Consilium also welcomed Thomas McGrath, who will focus on due diligence, valuations, and business disposals. Corporate Finance partner Linzi Wilson highlighted the appointments as key to expanding the firm’s services. Both Moore and McGrath expressed enthusiasm for contributing to the growth of Consilium’s progressive, client-focused finance team.
