BusinessCorporate FinanceICAEW corporate finance faculty outlines growth plans

ICAEW corporate finance faculty outlines growth plans

Institute lays out aggressive plans to hit 10,000 member mark in its corporate finance faculty

The ICAEW corporate
finance faculty last night outlined a bold vision for its future as it unveiled
plans to grow its membership to 10,000.

Speaking at the faculty’s annual dinner and ten-year anniversary, chairman
Chris Ward said that he planned to grow membership from the current level of
6,000 to 10,000.

Ward also said the faculty was aiming to rapidly increase its international
membership and recruit more corporate financiers who did not come from chartered
accountancy background, which has been the main pool the faculty has recruited
from in the past.

Reflecting this shift in focus, the faculty awarded its corporate financier
of the year award and outstanding achievment award to two of the City’s most
powerful investment bankers, rather than its traditional heartland of the middle
market.

Kevin Smith, managing director and head of UK M&A at
Merrill
Lynch
, was named as corporate financier of the year. Smith
generated over £20bn in deals to claim the award.

David Wormsley, head of UK Investment Banking at
Citigroup
generated £19.9m in deals to win the outstanding achievement award.

Investment banking is a major target for the faculty.

Further reading:

Private equity bosses face Treasury grilling

CBI warns against private equity clampdown

Private equity in public eye

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