Andrew Hoffman takes over from long-time managing partner Paul Lenton as the firm moves into a purpose-built office.
Nexia Sydney names leadership successor
Nexia Sydney managing partner Paul Lenton, pictured left, has stepped down to be succeeded by long-time partner Andrew Hoffmann.
Nexia said Mr Hoffmann brings a wealth of experience as previous head of audit and Nexia Australia board member as well as a vision for the firm’s future.
“I am excited and honoured to be stepping into the role of managing partner and look forward to building on Paul’s impressive legacy,” Mr Hoffman said.
“Nexia is really well positioned for this next stage of growth to remain a top 10 firm in the Sydney market.
“Under Paul’s tenure the firm has grown from $19 million to $48 million and we’re forecast to continue on a similar growth trajectory.”
He said developing Nexia’s expertise in ESG, cyber security, automation and AI would provide opportunities for expansion with sustainability “an absolute must” and clients increasingly leaning on Nexia’s expertise to help.
“While not yet here in Australia, the new international sustainability disclosure standards could be both a major challenge and an opportunity for our clients,” he said.
“We anticipate that the majority of industries and clients will report climate and sustainability related disclosures, regardless of whether they are mandated by legislation or not, as they come to appreciate the social and business benefits of improving their sustainability credentials.”
“Cybersecurity is also a focus area. Internally we are conscious of that and have an excellent IT team and systems in place.”
Mr Lenton, who led the firm since May 2014, will return to business advisory client consulting.
Mr Lenton said he is proud of the strides made in enhancing diversity within Nexia’s Sydney practice, which now has six partners that are women out of a total of 29, up from zero nine years ago, and more than half of its 240 staff are women.
He expected Nexia to thrive under Mr Hoffman’s leadership.
“His commitment to our people, our clients and our strategic vision make him a great choice to lead our talented team into the future,” he said. “I am confident that the firm will continue to succeed and achieve new milestones under his leadership.”
The leadership changes come as Nexia officially moves into its purpose-designed Sydney offices at 2 Market Street.