It was a double win for RSM UK at the seventh Citywealth Powerwomen awards, that recognise individuals and companies who maximise the potential of women in the wealth management sector. Rachel de Souza, partner in RSM’s London private client team, won Bronze for ‘Woman of the Year for Leadership in a Financial Organisation’ for the second year running. Rachel has been involved in the Powerwomen network for a number of years and was awarded the prize to recognise her successful career to date. The network and judges have followed Rachel’s career from working at big four, to her in-house role as joint head of private client tax at Royal Bank of Canada and now at RSM, where she is the lead specialist for international private client services. RSM was also awarded the Silver ‘Diversity Communication Campaign’ award for the work that the firm does through its Diversity and Inclusion (D&amp;I) group. 2018 was a landmark year for diversity and inclusion at RSM with a newly invigorated D&amp;I steering group formed.
Audit, tax and consulting firm RSM has been successful in securing the listing of 13 of its services on the Crown Commercial Service's G-Cloud 11 Framework available on the digital marketplace. The Digital Marketplace allows UK public sector bodies to choose and procure cloud computing services, covering hosting, software and cloud support. The RSM services listed on the Digital Marketplace are: Performance Management Software (4performance) Survey, data gathering, questionnaire software (4questionnaires) Policy management software (4policies) Action and issue tracking software (4action) Risk management software (4risk) Governance, risk management and compliance software (Insight4GRC) Cyber security and cloud-based data assurance Budgeting, Reporting, Consolidation Solution - Host Analytics Microsoft Dynamics 365 for Social Housing Microsoft Dynamics 365 Business Central Microsoft Dynamics 365 for Customer Engagement and Finance &amp; Operations Microsoft Dynamics 365 Support and Assistance NetSuite Professional Services (through FHL)
RSM UK has announced its partnership with Upscale 4.0 – a six-month growth programme delivered by Tech Nation aimed at super-charging the growth of successful UK tech-based scaleups. Entering its fourth year, the programme has built a network of over 100 alumni. RSM will work with Tech Nation to offer its latest cohort of 30 companies access to its expertise and experience in a bid to assist the next phase of their growth ambitions. Sinead Daly, Upscale Lead at Tech Nation, comments: ‘We welcome RSM as a partner of Upscale. The 30 fast-growing tech companies joining this year have huge potential and ambitions for scale. With the support of RSM, the programme will ensure founders and their leadership teams explore solutions to the challenges that come with rapid growth.’ The 30 companies involved average £1.5m in revenue with around 40 employees; raising an average of £6.2m in funding; and 66 per cent are London-based. The cohort operate throughout a range of sub-sectors including fintech, e-commerce, enterprise software and cloud computing; health and biotech, and tech for good.
RSM UK, the leading audit, tax and consulting firm has established a new Technology and Management Consulting hub based in its central Manchester office as it looks to build on the team’s current growth. To support this expansion RSM partner Neil Sharples has relocated from the firm’s London headquarters to Manchester, with a remit across the North-West. The move is part of RSM’s extension of its core services nationally and in particular to provide IT and Digital strategy, cloud ERP and management consulting services to the firm’s middle-market client base nationally. The move comes after RSM’s recent acquisition of 54-strong Crewe-based NetSuite specialist FHL which propelled RSM UK to become the largest provider of NetSuite services in Europe. Neil’s remit will be to grow RSM’s Technology and Management Consulting capability throughout the North, helping clients to define and implement technology strategies to support their business growth.
RSM UK has announced a 9% increase in revenue to £319m for the financial year ending 31 March 2017. The firm saw growth across all core service lines, particularly in consulting, human resource and legal services, in which revenues increased by 46.6% to £16m. Other key areas of growth included risk assurance, which grew by 14.6% to £25m, restructuring advisory which grew by 9.6% to £39m and tax and advisory, which grew by 8.6% to £138m. Consolidated UK company profits increased by 16% to £5m while RSM UK’s profits rose by 15% to £49m. Laurence Longe, RSM’s Chief Executive Officer said: “This year’s excellent financial results very clearly show the commercial benefit of the major investment that has been made in first reshaping and then rebranding the firm following the absorption of the former Tenon business in 2013.” The firm increased its workforce by 4%, now totalling almost 3,500 staff. Total partner and staff remuneration increased by 11% to £202m, while dividends paid to staff, partners, and retired staff rose by over 4% to £3m.
RSM UK announced the appointment of David Gwilliam as its new Chief Executive Officer (CEO) from 1 April 2018. David Gwilliam said: ‘I am absolutely delighted to be appointed as CEO. This is a hugely exciting period for the continued development of the firm. We have great people and great clients. Our breadth of service and sector line capabilities are among the most diverse in the UK. We also enjoy the strongest regional presence in the middle market. I am very much looking forward to leading the firm in our continued commitment to deliver high quality business services and solutions as the first-choice adviser to middle market leaders, globally.’ Current CEO, Laurence Longe, who after 22 years in the role will now become Chairman of RSM UK on 1 April, said: ‘I am extremely pleased that David will be the firm’s next CEO. The firm’s entire leadership team has worked closely with David over many years, most recently in his role as Chief Operating Officer since 2014, and we are therefore confident that David will lead the firm with commitment and energy. '