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The recently appointed director of Moore Stephens WA has shared plans to use his background working for a stockbroker and expertise in valuations to focus on growing the firm's M&A advisory focus.
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New mid-tier director eyes M&A sector
31 July 2017
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Moore Stephens WA announced the appointment of Peter Gray last week as a director in its corporate advisory team.
Mr Gray, who was most recently working at RSM, has also had experience working as a research analyst at financial services company Hartleys.
Speaking to Accountants Daily Mr Gray said he plans to use his 15 years of experience to build on Moore Stephen’s existing service delivery with a focus on the M&A sector.
“My entire career has been spent in corporate finance or in equities research and so valuations are the foundation of my knowledge for the most part,” he said.
“I’ve done valuations for every reason, so intellectual property valuations, trading company valuations, start-up company valuations, the derivatives options and all the rest.”
Mr Gray said that valuations are where most corporate finance work starts, but that there is a lot more to do beyond that.
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“It’s progressing through the due diligence process and then to that advisory side and that's where the real opportunity for us is in terms of M&A, buying businesses and selling businesses and raising funds,” he said.
“My experience through research and working for a stockbroker means we've got a fairly good distribution list in terms of fund raising and beyond that we understand that market and sometimes communication is quite unique in that space.”
With the Western Australian economy sitting somewhere around the bottom of a trough currently, Mr Gray said that acquisitions are becoming more popular.
“Organic growth is harder to come by now and so in terms of acquisitions I think companies are a lot more active in terms of trying to grow their revenue lines through acquisition, which is a huge opportunity for us,” he said.
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