UHY Elects COO as New Chairman

Rick David

Rick David

UHY, the international accounting and consultancy network, has appointed the chief operating officer of Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) as its new chairman.

Rick David started his career in the audit practice of one of the Big 4, where he practiced for 30 years. He joined the UHY board of directors in October 2012 and currently serves as the treasurer of UHY.

A well-respected auditor and business adviser, he also has experience as an accountancy profession regulator and standard-setter. During his more than 40 years’ experience in the profession, David has worked with a wide range of clients from multinational corporations to smaller entrepreneurial enterprises.

“We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on,” David says. “More of our clients want our member firms to represent them globally and that is what this network facilitates.”

One of his key priorities is to expand on the strong links between the member firms across the UHY network and will look to increase referral work between countries and knowledge sharing between local offices. This includes expertise in many newer technological developments.

“The growth in innovative new accounting practices, integrating AI and data analytics for example, are opening up a range of possibilities for the profession – to do work more efficiently and rigorously. These developments have the potential to lead to dramatic improvements in the audit process” David says.

David takes over as chairman from Bernard Fay, MP at UHY Fay & Co, UHY’s Spanish member firm and one of the top 20 leading firms in Spain.