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The firm says human capital is at a premium and will remain an “ongoing challenge”.
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RSM Australia promotes 9 new principals
06 December 2022
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RSM Australia has promoted nine staff to principal for the start of 2023, expanding its leadership group.
Those selected were part of RSM Australia’s internal leadership pipeline including its principal development program.
“This program unearths leadership ambition and builds capability with nominated aspirants requiring majority partner approval to take part in the two-year program,” said RSM Australia chief executive partner Jamie O’Rourke.
“Talent is at a premium in the current skills squeeze and will likely remain an ongoing challenge with accounting identified among the top 20 occupations projected to record the highest employment growth in the five years to November 2026.”
The firm said the appointments for 2023 would bring its total number of principals to 66 while its number of partners remains at 131.
Of the promotions, six of them were within business advisory, which represents 45 per cent of RSM’s total services, while two were in assurance and advisory, and one was in corporate finance.
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The promoted principals:
- Sharon Baldwin - business advisory
- Luke Broadbent - business advisory
- Robyn Eade - assurance and advisory
- Rhys Edwards - business advisory
- Nick Farr - business advisory
- Oliver Gaunt - corporate finance
- Deepak Keshavamurthy - assurance and advisory
- Reagan Manns - business advisory
- Marie Van Blommestein - business advisory
RSM’s human capital had been key in raising the firm's net revenue over the 2021–22 financial year to $278 million, according to Mr O’Rourke.
“This is up 29 per cent from 2019–20 (pre-pandemic) and 54 per cent since 2016–17,” he said.
“This puts us on track to deliver our 2024 goal of $337 million in net revenue.”
RSM Australia also confirmed that in 2023 it would recommence its formal secondment program for auditors with up to 28 getting to spend four months at RSM’s global partner offices in the UK and US.
This comes after in 2022 RSM Australia hosted 38 auditors from its overseas offices including Singapore, Hong Kong, the Philippines, South Africa, and the UK.
RSM Australia commenced operations in 1922 as a husband and wife partnership selling a bookkeeping and recording system, and today after 100 years in operation is a national accounting firm with more than 1,600 staff.
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