'Absolutely no merger' says Tilley
Further merger plans are off the agenda at CIMA
CIMA boss Charles Tilley has flatly rejected the idea of a merger with
another accounting institute.
‘That is absolutely a no,’ said Tilley. ‘There is no merger on the horizon.’
Several attempts by the institutes to combine have been derailed in the recent
past, and CIMA’s chief exec said that the institute would be continuing as a
The last merger attempt in 2005 between CIPFA, CIMA and the ICAEW went ahead
without CIMA, which pulled out half-way through. The ICAEW and CIPFA soldiered
on, but a formal partnership fell by the wayside after ICAEW members narrowly
rejected the move by just a few hundred votes.
Since the merger failure, there has been more bad blood between the
institutes after the ICAEW launched the Pathways scheme, which sought to lure
senior CIMA and ACCA members through its doors.