RSM TENON has lost six partners to mid-tier rival Mazars in the East Midlands.
The listed firm has lost its Nottingham managing partner Alistair Wesson, its Leicester office managing partner Chris Darlington, as well as Julian Clough, Steven English, David Hoose and Bob Johnson.
Mazars will open a new office in Leicester led by Darlington, Johnson and English, with the remaining partners bolstering the existing Nottingham office. Accountancy Age understands the partners will join Mazars in November.
UK senior partner Phil Verity (pictured) said: “We’re delighted to welcome such a strong set of talented individuals into the firm to help expand our business in the East Midlands.
“Mazars in the UK has experienced strong growth in recent years, despite the difficult economic background. We have ambitious plans to further build on this success and bringing in these individuals is very much in line with our growth strategy for the next four years.”
The latest news comes three months after it was revealed by Accountancy Age that London managing partner Peter Musgrave was leaving the firm.
There have been mixed fortunes in recent weeks at RSM Tenon, which announced earlier this month that it will post a £2.8m exceptional profit following the settlement over a dispute with its insurers. However, it was also revealed that it had yet to agree new banking covenants with its lender – with discussions ongoing.
Meanwhile Mazars has been on an acquisition frenzy acquiring UK immigration services business Sarah Butler Associates which doubled this service line at the firm. It also announced at the end of last year that due to its significant contract wins in the public sector it would open a new office in the North East.
A statement from RSM Tenon said it: “Confirms that a small number of partners in our East Midlands offices have resigned. These partners have immediately been placed on gardening leave for a minimum of six months.
“RSM Tenon remains fully committed to its business and people in Leicester and Nottingham. The company employs 650 people across the Midlands region, including over 75 partners and directors, who are focused on serving our clients and meeting their needs.
“The Midlands is, and will continue to be, an important part of our business. We will continue to invest in the development of our partners and people across the region, as well as recruiting the bright, talented and motivated professionals who flourish at RSM Tenon.”
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