Following the spate of financial scandals, a greater emphasis on corporate governance and the publication of reports on good practice such as the Higgs and Smith reviews, headhunters have noticed a ‘trend’ towards accountancy qualifications.
‘We are seeing a real increase in the number of non-executive committees having chief financial officers,’ said Rae Sedel, who heads up the global technology practice area at recruitment specialists Russell Reynolds Associates.
Sedel believes this to be a trend, where hundreds of positions are being recruited globally every year.
Samuel Johar, chairman of Buchanan Harvey headhunters, said having a qualified accountant as chairman of the audit committee is now almost a prerequisite. ‘Post-Enron, a lot of boards are upgrading the chairmen of their audit committees,’ he said.
‘Whereas previously a lawyer might have held the role, it now has to be a qualified accountant with lots of experience.’
According to Sedel, FDs are seen as being more thorough. ‘That’s what you would expect, and that’s what you hire for,’ she said.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016