Michael Rose Joins EisnerAmper as Partner

Michael Rose

New York-based EisnerAmper (FY19 net revenue of $380.6 million) announces that Michael Rose has joined the firm and been admitted as a partner in the process, risk and technology solutions practice. He will be based in the Philadelphia office.

Rose will specialize in enterprise risk management, IT, regulatory and compliance, internal audit and monitoring, and data governance. In addition, he will also be the practice leader for a new service offering related to compliance and monitoring for the Committee on Foreign Investment in the U.S. (CFIUS) transactions.

Jerry Ravi, partner and leader of the process, risk and technology solutions practice, calls CFIUS compliance an emerging area in the marketplace, “allowing us to build and leverage our existing compliance capabilities to offer valued solutions, including risk assessments and monitoring. We also plan to bring robust technology solutions to this area.”

Rose has more than 35 years of experience in governance/compliance, internal audit, internal controls, business process optimization, as well as IT audit and advisory, IT security and monitoring controls. He served as CEO and founding partner of a consulting firm where he was responsible for overseeing all functional aspects of firmwide operations in service areas such as enterprise risk management, fraud prevention and detection, corporate governance, risk and controls, business process improvement and IT security. He also held a position with a Big 4 accounting firm.

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CohnReznick Adds Eight Team Members to Restructuring and Dispute Resolution Practice

New York-based CohnReznick (FY19 net revenue of $653 million) has announced a major investment in expanding its restructuring and dispute resolution practice.

The firm has added eight industry veterans, including four partners, a managing director and three senior managers.

The senior members of the group are an already-established team joining the firm to expand and enhance debtor, creditor and fiduciary services across key industries, including financial services, health care, manufacturing, technology and not-for-profit.

The firm aims to help clients improve financial and operational performance in good times as well as prepare for the expected economic downturn.

Cynthia Romano, principal, will join Kevin Clancy to co-lead the practice. Romano has more than 25 years of experience in performance improvement, turnaround management, transaction support, and investment analysis. She will work from New York and Long Island offices in Jericho and Uniondale, N.Y. Romano is an expert in the industry, public speaker, writer and award winner.

Eric Danner, partner, is based in Boston and New York. He provides advisory services to publicly traded and privately held companies. Danner focuses on crisis management, as well as implementing turnaround business plans tailored to clients’ needs.

Antony Walker, principal, is based in Boston. He is experienced in financial and operational planning and execution, as well as turnaround and crisis leadership.

Chris Creger, principal, works from New York and New Jersey. He provides financial advisory, business restructuring and transaction support services. He has served the New York Turnaround Management Association in various roles and has won awards for his engagements.

In addition to these four principals/partners, the following professionals have also joined the CohnReznick team:

  • Debbie Hill, managing director
  • Jaime Angarita, senior manager
  • Molly Jobe, senior manager
  • Joonam Hwang, senior manager

Keith Denham, managing principal of CohnReznick Advisory, says, “For more than 20 years, CohnReznick has been a leader in helping organizations transform operations and maximize value. These eight award-winning advisors embody the collaborative, strategic approach CohnReznick is known for while enhancing our restructuring experience and capabilities in important industry segments.”

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Desroches Partners Elects New MP

Jon Czerwinski

Desroches Partners of Houston (FY18 net revenue of $7.2 million) announces that Jon Czerwinski, an audit partner, has been elected to serve as MP, beginning Sept. 1.

Czerwinski says, “We will move the firm forward while strengthening our client service foundations, embracing technology, delivering new solutions to our clients, and fostering the careers of our team.”

The MP post was previously held by Rod Desroches, who plans to stay with the firm and focus on tax and consulting services. “Jon’s vision and drive are perfect for the firm. Our industry is transitioning, and future growth will be guided by the rapid adoption of new technologies and the expansion of services,” Desroches says.

Blyweiss and Coppinger Join Mazars USA Tax Practice

New York-based Mazars USA LLP (FY18 net revenue of $205 million) announced that Olga Blyweiss had joined the firm as a tax partner in the Pennsylvania office and Terence Coppinger as a tax partner in the Long Island, N.Y., office. The addition of the two partners is part of the ongoing expansion of the firm’s national tax practice.

Blyweiss has more than 20 years of experience providing tax compliance and consulting services to pass-through entities and closely-held family owned businesses and their Individual owners. Coppinger has nearly 25 years of experience advising clients in the areas of Global Tax Information Reporting and IRS practice and procedure.

“Changes in the tax code have created new complexities for many of our clients,” says Mazars USA national tax practice leader Tifphani White-King. “As such, we are continuing to grow our tax practice in all of our offices, ensuring that we have the right expertise to help both businesses and individuals flourish.”

Both were previously at Big 4 firms, where Blyweiss was a managing director in the business tax services practice and led the family office and private client services practice in Pennsylvania and Coppinger was a partner and leader of the information reporting and withholding practice within the alternative investment sector.

At Mazars, Blyweiss’ practice will focus on private client services, helping both business owners and high net worth individuals retain wealth across generations. Coppinger joins the tax financial services group, contributing to the growth of the tax practice.

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Marcum LLP Admits 16 to Partner

New York-based Marcum LLP (FY18 net revenue of $549.7 million) announced that 16 associates have been admitted to partnership, effective Sept. 1.

Jeffrey Weiner, chairman and CEO, says, “We have an especially robust class of new partners this year, each of whom brings exceptional experience, dedication, and talent to our management team. They will all play an essential role in shaping the future of our firm as we continue to evolve to meet our clients’ changing needs, as well in helping steward the future of the accounting industry. I extend my sincere congratulations to each and every one of our new partners and welcome them to Marcum’s leadership team.”

This year’s class of new Marcum partners includes the following professionals:

  • Nick Antonian, assurance services, Los Angeles
  • Moises Ariza, assurance services, Miami
  • Anthony Basile, assurance services, Melville, N.Y.
  • Michael Buchheit, assurance services, Philadelphia
  • Andrew Clark, tax & business services, Boston
  • Joseph DeCusati, advisory services, New Haven, Conn.
  • Ashlie Forum, tax & business services, Fort Lauderdale, Fla.
  • John Heilmann, tax & business services, Philadelphia
  • Ali Jahangir Hirji, tax & business services, Melville, N.Y.
  • Matthew Huffner, assurance services, Washington, D.C.
  • Janet Levy, assurance services, New York
  • John McCarthy, assurance services, Boston
  • Jason Moi, assurance services, Boston
  • Patrick O’Brien, assurance services, Nashville, Tenn.
  • Jill Scher, accounting services, Melville, N.Y.
  • Karen Schuler, managed services, Washington, D.C.

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Deloitte UK Partners Get Big Payout, Feeding Criticism

Partners at Deloitte UK will receive an average profit share of £882,000 for the first half of this year, which is the largest payout in 10 years, according to the London-based Financial Times.

The big payday comes despite loud criticism of audit quality by Big 4 firms.

The average equity partner for the past decade has earned a profit share of more than £9m since 2009. The 699 Deloitte equity partners take a portion of profits, typically allocated by seniority and performance, instead of a salary, the newspaper reported.

“Our 2019 results reflect the long-term investment we have been making across our business and, in particular, in audit quality and the training, technology and talent required to support it,” says Richard Houston, chief executive of Deloitte in the UK and North and South Europe. “This investment has helped us succeed in the market and improved the financial performance of our audit business.”

PwC’s UK partners made an average of £712,000 last year, EY partners made £693,000, and KPMG partners made £601,000. Deloitte is the first of the Big 4 to report its 2019 financial results.

The figures may add fuel to the fire of criticism of poor audit quality, anti-competitive behavior and conflicts of interest among the Big 4 firms. The Financial Reporting Council has proposed that the Big 4 split their audit and consulting businesses.

A regulatory inspection this year showed a decline in the quality of Deloitte’s audits for 350 companies in the Financial Times Stock Exchange. The Financial Reporting Council said 75% of its audits required no more than limited improvements, down from 79% in 2018.

Grant Thornton Announces Promotions

Chicago-based Grant Thornton (FY18 net revenue of $1.87 billion) has admitted 42 new partners and principals, and promoted 39 to managing director.

“Providing our clients with distinctive service, quality results and innovative thinking is what makes Grant Thornton stand out among professional services firms, and we’re proud to count these dynamic new leaders as an important part of our team,” says Bradley Preber, interim CEO of Grant Thornton.

By service line, advisory accounted for the largest number of promotions (43%), followed by tax (28%), audit (25%), and internal client services (4%).

The newly admitted partners are:

  • Danny Allustiarti, audit, San Jose, Calif.
  • Melissa Black, tax, Chicago
  • Eddie Demosthenes, audit, Phoenix
  • Adam Erickson, audit, Minneapolis
  • Bob Forchetti, audit, Philadelphia
  • Laura Frei, audit, Dallas
  • George Geyer, audit, Philadelphia
  • Jeremy Goss, audit, New York
  • Jon Haugeberg, tax, Chicago
  • Hunter Jackson, audit, Charlotte, N.C.
  • Carl Kenyon, tax, Houston
  • Dan Lynes, tax, New York
  • Patrick McAuley, advisory, Charlotte, N.C.
  • Brandan McGaughey, audit, Houston
  • Russell Norris, tax, Charlotte, N.C.
  • Jared Novotny, tax, Minneapolis
  • Shalin Pathak, audit, Chicago
  • Jason Pizza, advisory, Chicago
  • Peter Poulos, tax, Chicago
  • Steven Propester, audit, Oklahoma City
  • Frank Russo, tax, New York
  • Chris Sheehy, audit, Dallas
  • Angie Sosa, tax, Reno, Nev.
  • Bryan Walker, advisory, San Francisco
  • Edward Weaver, tax, Chicago
  • Stacey Whitfield, audit, Columbia, S.C.

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Andersen Tax Adds Managing Director Jerry Fish to National Tax Practice

Jerry Fish

Jerry Fish

San Francisco-based Andersen Tax (FY18 net revenue of $281 million) announces the addition of Jerry Fish as a managing director in the U.S. National Tax (USNT) practice in the Chicago office.

Fish comes to the firm with more than 21 years of experience in accounting for income taxes, income tax compliance, tax legislation, tax planning, and mergers and acquisitions. Previously, he served as a partner at BDO.

“Jerry has great experience in maintaining a full-service tax client base while also managing multiple engagement teams. His skillset and expertise will be an invaluable asset to our USNT team and Chicago office,” says Dan DePaoli, Andersen Tax U.S. country managing director.

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Kemper CPA Group Announces Admission of Lance Roye to Partnership

Lance Roye

Lance Roye has been admitted as a partner at Evansville, Ind.-based Kemper CPA Group (FY19 net revenue of $45.1 million).

He focuses on individual, corporate and partnership taxation. He also provides bookkeeping and payroll services and serves as a member of various audit teams. He has completed the Faurote Group Leadership Training and is in the process of obtaining the QuickBooks Pro-Advisor Certification.

Roye, based in the firm’s Marion, Ill., office, serves on the firm’s health insurance committee.

 

PBMares Hires Managing Director for Transaction Advisory Services

Enrique C. Brito

Enrique C. Brito

Newport News, Va.-based PBMares (FY18 net revenue of $41.4 million) announces that Enrique C. Brito has joined the firm as managing director of its transaction advisory services team.

Brito will drive the strategy, growth and innovation of consulting solutions in mergers and acquisitions, business strategy, business intelligence, corporate finance, business valuation, due diligence and operational improvement. Brito has more than 25 years of experience with an extensive track record in leading M&A transactions for middle market clients. He has raised more than $1 billion in equity and debt capital from institutional sources for companies in the U.S., Mexico, Colombia, Venezuela, Argentina and Peru.

“In today’s professional services environment, you need to be intimately familiar with your clients’ and prospects’ financial habits, goals and objectives so you know what solutions to bring to them,” says Keith Wampler, leader of the firm’s consulting service Line and board chair. “Enrique’s background and experience has prepared him to form these strong relationships to fully understand their needs and provide value-added solutions to help them reach their goals.”

Brito has worked in investment banking, has co-founded an investment advisory firm and served as a partner and practice leader of corporate advisory services at an executive advisory firm. He then started his own consulting firm, where he advised middle-market clients on business strategy and M&A, two of his top specialties.

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