Ian Stone, chair of Nexia Australia and the Asia-Pacific, has now been appointed chair of Nexia International.
Mr Stone will be the first representative from the region to chair Nexia International. Previous chairs have only been from Europe, the Middle East and Africa.
The appointment marks another significant milestone in Mr Stone’s storied career, which saw him begin in 1978 as a 17-year-old cadet at Court and Co, which subsequently became Nexia, before rising to become one of the youngest partners at the firm at 26.
Mr Stone became managing partner from 2002 to 2013, eventually appointed as chair of Nexia Australia, appointed to the Nexia International Board in 2011 and became chair of the Asia-Pacific region in 2013.
“I am very excited to be selected as the first non-European chair and see this as a great opportunity to ignite and engage all firms throughout their membership,” Mr Stone said.
“In any network, all firms have an important part to play in its growth and success. The enduring relationships we have with our clients, our teams and each member throughout our global network is a core value of Nexia and a hallmark of Nexia’s success.
“This makes me particularly proud to be the new chair of such a wonderful network of professionals.”
Mr Stone also highlighted the growth in advisory services across all firms as key to the changing industry.
'“The next three years will be an exciting time for Nexia as we embark on a review of our network strategy to incorporate the rapid changes that the profession and our clients are facing every day,” he said.
“In particular, we are seeing growth in our advisory services across all our firms and, therefore, we need to strengthen and broaden these service lines to ensure we stay relevant to our clients and meet their demands.
“We also see opportunities within industry specialties as we focus on continuing to add value to our traditional service lines. I look forward to working with all of our members as we navigate our way forward through a sea of change.”
As at 30 June 2019, Nexia International has more than 32,000 people working in 710 offices in 125 countries. Global fees were $US4 billion, an increase of 11 per cent on 30 June 2018.
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Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.