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April 30, 2008

News Briefs

News Briefs

PEOPLE E&Y partner heads AICPA

Randy Fletchall, a partner with Ernst & Young US (E&Y), is the new chairman of the board of directors of the American Institute of Certified Public Accountants (AICPA). Fletchall assumed the leadership position at the autumn meeting of the AICPA governing council, held in Florida. At E&Y, Fletchall serves as Americas vice chair for assurance and advisory business services and professional practice and risk management. He is also a member of E&Y’s Americas executive board and serves on the Center for Audit Quality’s executive committee.

STRATEGY Grant Thornton allies with Asian network Grant Thornton’s UK South Asia Group has signed a strategic alliance with the International Network of Asian Businesses. The alliance will help Grant Thornton strengthen its ties with Asian businesses in the UK. Anuj Chande, head of the South Asia Group, said: “This announcement comes at an exciting time for the firm, with the number of Asian businesses operating in the UK having increased significantly over the past five years.”   PEOPLE Deloitte strengthens insurance team

Deloitte US has bolstered its insurance business line through the appointments of three industry veterans to its distribution and channel management team. Don McNees joins the firm as a principal. He previously worked at professional services firm Towers Perrin, where he served as the global financial institutions initiative leader. Rick Berry and Ann Connolly join Deloitte as directors. Berry also worked at Towers Perrin, while Connolly joins from investment bank Barclays Capital, where she served as managing director and head of talent acquisition worldwide.

MERGERS AND ACQUISITIONS Smith & Williamson expands in Cayman Islands

Smith & Williamson, a UK member firm of Nexia International, has launched a restructuring and recovery practice in the Cayman Islands called Nexia Restructuring and Recovery. It was formed in conjunction with professional services firm Rawlinson & Hunter. The team will be led by two Rawlinson & Hunter directors. Stephen Cork, head of restructuring and recovery at Smith & Williamson, said: “We are excited about our entry into the Cayman Islands, which adds additional strength and breadth to our restructuring and recovery offering.”

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