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.”