Moore Stephens added 12 new directors as of 1 July, up from four at the beginning of last financial year. This is the highest intake for a financial year in the network’s history.
The appointments include a significant change in the Western Australian office. Current audit and advisory partner, David Tomasi, has been appointed managing partner, replacing chief executive Michael Bennet. Mr Bennet started with the firm in 2008, when it was part of the UHY Haines Norton network.
Eight of the appointments are in business advisory, and the remainder are a mix of audit and corporate advisory. A spokesperson said this reflects the network’s shift towards specialist service offerings.
Half of the new appointments are in Queensland, followed by three in Western Australia, and two in South Australia and NSW respectively.
Currently Moore Stephens doesn’t have a physical presence in ACT and Tasmania, but is open to mergers and acquisitions this financial year.
“We will keep a watching brief on those markets in order to identify any firms where there may be mutual synergies and benefits,” the spokesperson told Accountants Daily.
“All firms remain inquisitive in respect to M&A along with lateral hires. Finding the right fit from both a strategic and cultural perspective remains overriding priority as we look to further develop and grow our presence across the Australian landscape,” the spokesperson added.
Are you thinking of expanding your offering into SMSFs to grow your client base? Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Earn up to 21 CPD hours! Learn more