Ernst & Young Ireland is to reduce the
salaries of staff by 7.5 percent…

• Francesca Lagerberg has been promoted to head of tax at
Grant Thornton UK

PwC Japan is set to buy BearingPoint’s
Japanese consulting business…

MGI has increased the geographic coverage of
its association…

World

KPMG UK has appointed Michael Crawford as
associate partner of its financial risk management group. He will
lead the firm’s insurance risk, governance and capital team,
covering life, general and bank insurance. Crawford will also
co-lead the firm’s Solvency II services. He joins from Pearl where
he was chief risk officer. Prior to that, he was director at
PricewaterhouseCoopers’ financial services practices.

Ernst & Young Ireland is to reduce the
salaries of staff by 7.5 percent, except support staff earning less
than €40,000 ($53,000) per annum, from 1 July 2009. E&Y Ireland
said it had also revised its overtime policy and will align its
holiday entitlements with the marketplace.

In the past two months, Ireland’s Big Four
have all announced staffing changes. KPMG Ireland laid off about
200 staff, PricewaterhouseCoopers Ireland has cut the pay packets
of some professional and support staff by 10 percent while Deloitte
has signalled it will cut about 70 positions.

• UHY International has strengthened its
presence in the Middle East and North Africa with the appointment
of Arab Auditors as its Jordanian member firm.

The firm has 15 partners and provides services
in audit, tax and bookkeeping.

Arab Auditors is also a member of the Jordan
Association of Certified Public Accountants. UHY International’s
coverage of the Middle East and North Africa includes members in
Egypt, Israel, Kuwait, Lebanon, Morocco, Saudi Arabia, Tunisia and
the United Arab Emirates.

• Francesca Lagerberg has been promoted to
head of tax at Grant Thornton UK. Lagerberg will
be responsible for driving the development of the firm’s tax
practice while maintaining an important technical role. Lagerberg
was the previous chairman of the Institute of Chartered Accountants
in England and Wales tax faculty and currently chairs its technical
committee. She also sits on the council of the Chartered Institute
of Taxation. Lagerberg takes over the role from Rob Withecombe, who
will leave the firm at the end of June to join Barclays Wealth.

• A new IFRS navigation tool has been launched
by Deloitte US to help companies transition to
IFRS. The tool helps define, develop and track a company’s overall
work plan. It has scheduling features to help monitor and track
resources and milestones, customisable modules to help identify
accounting differences between US GAAP and IFRS, and portals to
provide a view into tasks assigned to the user.

PwC Japan is set to buy
BearingPoint’s Japanese consulting business, which has a leading
position in the domestic business consulting market. BearingPoint
expects to sell its Japanese arm for $45 million by 28 April
2009.

Alvarez & Marsal has
strengthened its transaction advisory group on the west coast of
the US. Managing director Geoff Weber and senior director Jimmy
Suruki have relocated to San Francisco, and Mark Gailys and Casey
Winters have joined as managers in Los Angeles. Weber and Suruki
are specialists in financial and accounting due diligence. Gailys
worked at the transaction advisory services groups at
PricewaterhouseCoopers (PwC) and Ernst & Young, while Winters
joined from PwC, where he was a manager in the transaction advisory
services practice.

• Russell Bedford International South African
member firm Cameron & Prentice has combined
with GG West & Company. The merger adds two partners and 25
staff to Cameron & Prentice’s Cape Town office.

“By merging these two firms Cameron &
Prentice will enhance capacity, improve turnaround times, be better
able to keep up with changes in legislation and take on larger
audits. In short, we will benefit all round,” Cameron &
Prentice tax partner David Warneke said.

The combined entity will operate under the
Cameron & Prentice banner and has four partners and 50
staff.

Alvarez & Marsal has
promoted seven employees in its Dallas office in the US. Michael
Askew, Ryan Senter and Renee Nymeyer have become business
consulting managing directors, Brett Kennedy was promoted to real
estate advisory services senior director, Deanna Wyse to business
consulting director and Lori Haas to taxland director.

• The Chartered Accountants Regulatory Board
(CARB), a regulatory arm of the Institute of Chartered Accountants
in Ireland, has instructed its special investigator to extend an
investigation of Anglo Irish Bank, including the potential
involvement of the bank’s auditor.

The bank was nationalised in mid-January to
prevent its collapse and a month later CARB appointed John Purcell
to investigate possible breaches of ICAI by-laws and rules of
professional conduct by members and member firms. Purcell will now
investigate additional issues, including the performance of Anglo’s
auditors, Ernst & Young Ireland, regarding the
firm’s audit of relevant financial statements and accounts.

MGI has increased the
geographic coverage of its association by admitting member firms in
Porto, Portugal; Athens, Greece; Casablanca, Morocco; and Toronto,
Canada. Baratz Judelman Chartered Accountants in Toronto has four
partners and 15 full and part-time staff. Other members include
Audicis SARL in Casablanca, A Sofakis & Sia in Athens and
Assunção, Sá e Cambão SROC in Porto.

PricewaterhouseCoopers UK
(PwC) has joined a new taskforce that aims to stimulate the low
carbon economy from 2010 onwards. The World Economic Forum’s
Taskforce on Low Carbon Economic Prosperity is made up of 52
companies and 32 experts who will work with governments and the UN
to develop a set of practical projects and policy proposals. PwC is
the only professional services firm involved.

• UK firm BDO Stoy Hayward
has launched a redundancy counselling service. The firm said
employers can use the service to help their employees better
understand the financial aspects of redundancy. The service can be
provided to individual employees for a more targeted approach or in
general advice sessions. Some of the issues that the service
provides advice on include state benefit availability, replacement
of benefit lost in the short term, redundancy payments and pension
schemes, the firm said.

• Andrew Martyn has been appointed director of
the hedge funds tax group at Deloitte UK. Martyn
previously worked at HM Revenue & Customs (HMRC) as an
assistant director responsible for financial transfer pricing.
Prior to becoming assistant director, Martyn led the HMRC
investment management and international financial services group
with responsibility for transfer pricing, banking and asset
management services and taxation of UK and offshore funds.