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April 30, 2008

News briefs

News briefs

PEOPLE JHI reveals global leadership team

Stuart Meyers, a partner at US firm Dorfman Abrams Music, will take the chair of JHI International next year. The association’s new executive committee was revealed at its recent annual conference in Rome. Other appointees include Jeffreys Henry partner Mark Tenzer as vice chairman and European region chair, Ken Kirkland as region of Americas chair and Norman Same as Asia-Pacific region chair.

MERGERS AND ACQUISITIONS Praxity expands in Baltic Rimess, a pan-Baltic service company and a member of Praxity and Mazars, is to merge with two Lithuanian firms. Rimess has net fee income of EEK 46 million ($4.3 million) and claims it is one of the top four auditing and consulting firms in Estonia. The firm has announced its intention to merge with the local firms Renovacija and Audito Reziume. The combined operation will have offices in Vilnius and Kaunas, four audit partners and 35 professional and administrative staff.

PEOPLE E&Y appoints assurance leader

Isabelle Santenac has been appointed global assurance leader at Ernst & Young (E&Y). John Murphy, E&Y’s global vice chair for assurance and advisory business services, said Santenac would be a key force in driving assurance initiatives around the world. “In particular, her focus on IFRS is important as, with moves towards adoption in the US, IFRS looks like becoming the first truly global accounting framework,” he said. Santenac joined E&Y France in 2002 and was most recently the firm’s banking and capital markets leader and joint leader of its financial services office in Paris.

STRATEGY IGAF announces new alliance

IGAF Worldwide has announced a new alliance partnership with Axcient, a US-based provider of secure enterprise class data backup, archiving and disaster recovery solutions for SMEs. Axcient’s products include an on-site, disc-based appliance that uses a firm’s internal wide area network to back up its desktops and servers at frequencies specified by firm personnel. Commenting on the partnership, IGAF executive director Kevin Mead said: “In today’s business environment, loss of data – or simple loss of access to data – can create significant issues with client satisfaction and trust.”

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