Steve Tait to step down as RSM McGladrey boss

Steve Tait, president RSM McGladrey is to step down as president of the firm later this year.

Tait has enjoyed a largely successful tenure at the helm of the firm, but the failed merger attempt with UK firm RSM Robson Rhodes was one blemish on his record.

'It has been an honour to lead RSM McGladrey and a privilege to be part of this great organization,' said Tait in a statement.

'From a personal perspective, however, I believe that this is a good time for me to pursue other avenues and to have someone else lead McGladrey on the next phase of its successful journey.'

During Tait's tenure, RSM McGladrey has more than doubled in size, has improved margins and has enhanced its brand awareness in the marketplace, the company said.

'Steve has made significant contributions to the success of RSM McGladrey since he joined the company in 2003,' said Russ Smyth, president and CEO of the firm's parent company H&R Block.

Smyth added that H&R Block was 'committed to finding an outstanding leader to fill this critical business position.'