MacIntyre Hudson heads to the Caymans to boost investment market strategy
Top 20 firm acquires Caymans Islands-based outfit, as it boosts exposure into investment market providers
A FIRST OVERSEAS OFFICE has been acquired by top 20 firm MHA MacIntyre Hudson.
In a deal described as “very significant” by chairman Rakesh Shaunak, specialist audit provider KP Audit has taken MHA MacIntyre Hudson’s office number up to 15.
KP Audit was founded in 2005 and has 20 professional staff in the Cayman Islands and London. Its clients consists of approximately 150 investment funds both offshore, and onshore in the UK
The London team will relocate to MHA MacIntyre Hudson’s city office, while the Caymans office will be maintained. KP Audit managing partner Deb Weston (pictured) and David Walker become partners of the top 20 firm as part of the deal.
“I’m delighted to welcome our new colleagues and clients to the firm,” said Shaunak. “This acquisition provides an immediate and material entry into a part of the investment market that is key to delivering the firm’s strategic plan.”
Weston said that the deal provided a “good cultural fit”, “and our clients will benefit enormously from the range of services and reach available to them through MHA MacIntyre Hudson and Baker Tilly International”.
It has been a busy year for MacIntyre Hudson, which started 2016 by announcing a deal with cyber security business Rizikon, and has since made a slew of partner appointments. It is shortlisted in two categories for this year’s British Accountancy Awards.