Julia Irvine 8 Oct 2019 12:38pm

Moore Global to get new chairman

Moore Global is having a year of it – first it lost a large chunk of its UK practice to BDO and now it is to lose its chairman, Richard Moore, after 15 years at the helm

He has decided to step down at the end of the year, though he will still be involved in the international accountancy network through his work at Moore Family Office Ltd – which specialises in advice for international private client families.

Under Moore’s chairmanship, the network saw its combined revenues increase from around $600m (£490m) to approximately $3bn and its worldwide coverage expand to more than 110 countries.

He has chosen to step down, he says, “at a time when our network can face the future with tremendous optimism”.

“We are now an organisation of true global capability, with a reputation for quality and differentiated client service.”

Moore is the grandson of Sir Harold Moore, who founded the firm in 1907. His father, Hobart, was instrumental in setting up the global network and his son, Francis, works with him at Moore Family Office.

But it’s not all doom and gloom. In May, UK top 20 firm Kingston Smith joined Moore Stephens International (as it was known then) in place of the London, Birmingham, Bristol and Watford offices of Moore Stephens which had merged with BDO.

Then there was the September rebrand which saw the international network rebranded Moore Global and Kingston Smith become Moore Kingston Smith.

Moore himself will be replaced by Andy Armanino, a member of Moore Global’s board and chair of Moore North America. He founded Armanino LLP and until 1 January this year was CEO and managing partner of the firm, which he built into one of the top 25 in the US.

Moore says Armanino has “great compassion, drive and vision, and a global perspective on how the role of professional service firms must evolve and adapt to continuously better serve client needs”.

Armanino believes that, thanks to Moore’s tenure as chairman, Moore Global is well-positioned to meet the main challenges facing the profession.

“As our business capabilities improve because of a world made faster and smaller through technology and data, we must ensure it is clients, first and foremost, who benefit from our ability to enhance our already strong international expertise and global resources,” he says.

As well as sitting on the Moore Global board, Armanino currently chairs Moore North America.