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
Kevin Smith, managing director and head of UK M&A at
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
generated £19.9m in deals to win the outstanding achievement award.
Investment banking is a major target for the faculty.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.