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Mark Rhys becomes ICAEW President

Author: ICAEW

Published: 08 Jun 2023

Mark Rhys has become ICAEW President for 2023/24.

Mark succeeds Julia Penny as ICAEW President and will serve a one-year term until June 2024, when he will hand over to Malcolm Bacchus. Mark joined ICAEW Council in 2018; he became an ICAEW Board member that same year.

During his year in office, Mark will highlight the role of the accountancy profession in leading and supporting greater long-term strategic thinking to address global economic and social challenges. He will also champion the profession’s continuing journey to embrace greater diversity and inclusion.

Mark’s work as president will support ICAEW’s commitment to serve the public interest as defined in its Royal Charter and the implementation of the Institute’s 10-year Strategy.

Mark said: “I am delighted and honoured to serve as the new ICAEW President, especially at a time when we face such fundamental challenges and opportunities, ranging from rebuilding trust in the profession to accounting with sustainability at its core.

“There is so much potential for chartered accountants from all backgrounds to enable positive change for their local communities, economies and beyond. By bringing integrity, courage and a diverse range of expertise to the fore, our members will continue to do their part in building stronger and more sustainable economies.”

Mark qualified as an ICAEW Chartered Accountant with Arthur Andersen in 1987, becoming a partner in 1996 and auditing a variety of banking and capital market clients. He then became a partner at Deloitte, where he was the global lead contact for interactions with the Financial Stability Board.

In 2007 Mark became the first chair of ICAEW’s Financial Services Faculty. He has also chaired the Technical Strategy Board and is a member of both the Audit and Nominating Committees.

Mark has served as the joint chair of the Global Public Policy Committee’s Bank Working Group, worked as a member of the Prudential Regulation Authority’s Practitioner Panel and was part of Sir Donald Brydon’s Auditors’ Advisory Group.

He holds a degree in Economics from University College London and an MBA with distinction from Warwick Business School.


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