Parritt has been managing partner of the firm since 1986, becoming chairman in 1996.
The Business Exchange was set up by Douglas Llambias, the high-profile corporate marriage broker, who has been behind several accountancy firm mergers. Llambias will become chairman of the company, which he hopes to float within five years.
Parritt, 57, said: ‘I have decided to put my money where my mouth is and increased my involvement in corporate finance deals.’
Baker Tilly said the process of selecting a new chairman was underway and that an announcement was expected next month.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
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