Mazars fees grow 8.2% in 2011
Fee income growth for Mazars, as it announces new governance structure
MAZARS HAS POSTED 8.2% fee income growth across its global business for the year ending 31 August 2011.
Fees reached €957m for 2010/2011, with 6.9% income growth from services to public interest entitites and a 7.5% increase in fees from tax activities. The overall growth was achieved through a 3.4% increase on a constant basis, with external growth delivering 4.8%.
The firm has also updated its governance structure. President and CEO Patrick de Cambourg is named chairman, and will sit on the firm’s group governance council which includes two independent members: Denise Fletcher and François de Carbonnel.
Douglas A. Phillips, managing partner of WeiserMazars, is vice chairman along with Pierre Sardet.
Philippe Castagnac has become the group’s CEO and chairs the Group Executive Board (GEB), which has welcomed three new members – Hervé Hélias, Phil Verity and Victor Wahba – to join existing members Hilton Saven and Antonio Bover.
A group strategic committee has been created and placed under the chairmanship of Patrick de Cambourg. The committee is charged with proposing and supporting the Mazars’ strategic developments around the world. The committee also includes Douglas A. Phillips (vice chairman), Michel Barbet-Massin and CEO Philippe Castagnac.