MaloneBailey LLP Names New Managing Partner

Houston-based MaloneBailey LLP (FY09 net revenue of $12.4 million) has named Wesley Middleton as the new MP.

The firm named founding partner John Malone as its SEC practice leader.

“We are happy to be taking this next step in the expansion of our leadership team and the development of our practice,” says Malone. “Our SEC audit practice has grown to the size where it requires a full-time, dedicated practice leader and this has always been a passion of mine. Wesley is the right person to lead the firm in this next phase of our growth from a strategic and administrative perspective. His private company and tax background will enable us to expand our firm’s market and services at just the right time,” Malone says in a press release.

“Having served as a partner with the firm for over a year now, I have had an opportunity to work closely with John and my other partners to envision the future for the firm. I am confident that I can carry out our plans to continue to grow our national SEC audit practice, while expanding our reach to include a broader mix of tax services and an increased emphasis on building our private company practice,” commented Middleton. “Because of his experience in running the firm, John and I will work closely together as the executive committee. He will be very involved as a key advisor and strategist for the firm and his role as SEC Practice Leader will be mission critical. John’s vision enabled us to get to this stage and he will remain integral to our success.”

The firm also acquired the New York firm of Kempisty & Co. (nine staff) MP of K&Co., Philip Kempisty will join MB as a partner and will be focused on developing the firm’s Chinese market. “This expansion is part of our plan to strengthen our position as a market leader in the SEC practice area,” says MB MP Middleton. “We believe this office establishes a significant presence for MB in the New York area, allowing us to better serve our clients and providing a platform to expand our reach deeper into the SEC audit, tax and privately held company audit areas,” he says. This is the first move east for MB.