A look back at the most read stories to feature on thewealthnet's sister site eprivateclient last week...
London law firm Payne Hicks Beach appointed Sara Morgan, a specialist in UK taxes of international high net worth individuals, as a partner in its private client team. Ms Morgan joined the firm from Fieldfisher having moved to Fieldfisher with the Linklaters trusts team. Prior to this, she worked in other London-based private client teams, including Withers and Forsters.
Data from Pinsent Masons showed the value of reported UK cryptocurrency fraud has jumped by 32 percent in a single year, from £171 million to £226 million. The number of fraud reports has also increased to 10,030, 16 percent more than last year’s total of 8,676.
Tax advisory firm Saffery Champness appointed Shirley McIntosh MBE as a partner in its Inverness office. Ms McIntosh joined Saffery Champness from RSM after nearly 12 years, where she was a partner and formerly head of tax for Scotland and Northern Ireland. Prior to that, she worked for accountancy firm Stephan Hay & Associates for nearly 12 years as a tax manager and later director.
The UK’s National Crime Agency (NCA) obtained a ruling from the High Court that allows Barclays to hand over criminal funds to the NCA in a first-of-its-kind civil recovery case. The money - amounting to over £50 million - was identified by the bank in a number of accounts and transferred to secure holding accounts.
Professional services firm Moore Kingston Smith appointed Leigh Collins as a tax partner. Ms Collins’ appointment in the entrepreneurial tax team aims to strengthen the firm’s tax offering. She has over 25 years’ experience in advising entrepreneurial businesses from start-ups through to exit and sale, most recently 11 years spent at EY Frank Hirth.
Audit, tax and consulting firm RSM UK increased its annual revenue by £49 million to £425.4 million - a 13 percent increase - for the financial year ending 31 March 2022. With 354 partners across the firm, the annual revenue was £1.2 million per partner - increasing from £1.04 million in 2021. Its tax advisory practice grew 10.9 percent to £113.1 million.
Evelyn Partners appointed three new partners to its tax team. Alistair Nichol joined from EY as a partner specialising in technical tax and transactions, Jayne Harrold from PwC as a partner focusing on environment tax and Laura Hayward as a private client tax partner from BDO.
Jersey-based privately owned and managed trust company FCM has appointed Franck Matthews as head of incentives. In this newly created role, he will aim to drive forward the company’s growth ambitions and expand its corporate product offering. He was previously head of employer services at Apex Group for three years, and before that director & head of employer services at Link Group for two years.
Former eprivateclient Top 35 Under 35 Adam West joined UK law firm Knights, bolstering its private client team in Manchester. Mr West joined the firm from Evelyn Partners which he had joined in November 2021. Prior to that, Mr West worked at RSM as private client tax director and led the firm’s private client advisory team in Manchester. Prior to this, he also spent two years at PwC and six and a half years at BDO. Mr West was named an eprivateclient Top 35 Under 35 in 2019, 2020 and 2021.
Younger people are twice as likely to access private healthcare in the next 12 months than those aged over 55, as health gaps remain between the rich and poor, according to a study by PwC on transforming healthcare. The PwC survey of 2,000 people across the UK showed that whilst two in five people (43 percent) say they would use private healthcare, or a mix of private and the NHS, for at least one treatment, younger people aged 18 to 24 are more than twice as likely to do so.