The UK’s eighth largest accountancy firm,
Smith & Williamson is to
merge with Dublin-based accountants, tax and business advisers, Oliver Freaney.
The combined firm will have an annual fee income of more than £175 m (€221 m)
and employ 1500 people across all offices.
‘Ireland is becoming increasingly attractive as a base for both individuals
and corporates. Our expertise spanning private client and investment management
along with accounting, tax and corporate advisory enables us to support Oliver
Freaney in expanding its offer to clients,’ said Gareth Pearce, chairman of
Smith & Williamson.
Smith & Williamson business includes an investment management business
with £9bn funds under management and advice, making it one of the largest
investment managers in the UK.
Paul Wyse, Oliver Freaney & Company’s managing partner, who will continue
lead the Dublin-based practice, said: ‘This merger creates a powerful
independent alternative to the national firms, bringing more opportunities
for clients and staff alike.’
Oliver Freaney & Company, which celebrates its 50th anniversary in 2008,
has a staff of 75 with seven partners offering accountancy, tax and business
advice to entrepreneurs.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'