Corporate Finance Faculty Board and Technical Committee
The Corporate Finance Faculty's executive staff at ICAEW reports to the faculty’s Board. The Technical Committee is the Corporate Finance Faculty's technical and regulatory advisory forum.
Corporate Finance Faculty Board
The Board’s members are experienced professionals in corporate finance who are drawn from across the advisory, corporate and investment community. The Board meets quarterly to discuss and approve the faculty’s strategy. Elections to the board are held annually.
CFF Board and Committee members
Yvette Allen (Chair of Technical Committee)
Lead of Deloitte Technical Team, Transactional Services, Deloitte
Yvette is the partner who leads Deloitte’s Technical team within the Transaction Services in London. Yvette has 25 years’ experience in Transaction Services, having carried out investigations for private equity clients, complex corporate mergers and acquisitions, vendor due diligence assignment and reporting accountant work.
Yvette has particular experience in capital markets transactions and how to apply the Properties and Listings Rules and the Takeover Code.
Group Chief Executive, J.C. Rathbone Associates (JCRA)
Jackie Bowie is the Group CEO of JCRA. She spent 10 years as an equity analyst and a US equity fund manager. She joined JCRA in 2004 in their Edinburgh office, moving to London in 2011 to become European CEO. Jackie led the MBO of the firm in 2017, becoming Group CEO.
JCRA advises clients across private equity, property and infrastructure on all aspects of financial risk management and hedging strategies. JCRA have offices in London, Scotland, New York and Toronto.
Jackie has a First Class Honors Degree in economics, and MSc in Investment Analysis and is a member of the CFA institute.
Partner and Senior Advisor, KPMG
Frank is one of the founding members of KPMG’s Corporate Finance business. He was Head of Mergers and Acquisitions, London and UK Head of Financial Sponsor Coverage. He has worked extensively overseas, including running the KPMG Corporate Finance practice in France for three years. He recently retired from the partnership but remains a Senior Adviser to the firm.
Frank was educated in Scotland and graduated from Heriot-Watt University with a degree in Accounting and Finance in 1983. He is a Fellow of the ICAEW and in 1999, completed the PMD Executive Management Programme at Harvard Business School.
He is also Non-Executive Chairman of AIM listed Search and Selection business, Norman Broadbent Group plc, a Special Adviser to Intuitus, a leading provider of independent IT advice to private equity and mid-market companies, and a Board Member and Trustee of the National Literacy Trust.
Corporate Finance Partner, RSM
Diane is a Corporate Finance Partner with over 17 years dedicated capital markets experience at RSM in London, and heads up the Equity Capital Markets team. She has worked on transactions covering both AIM and the Main Market including many with international companies in the Far East, Europe, and North America.
Recent transactions include a £250m fundraising and listing on the Specialist Fund Segment of PRS REIT plc, the AIM listings of Quiz Clothing Plc, FFI Holdings Plc, and Keystone Law Plc.
Diane works with private companies and clients on their growth plans and listing strategy to assist them in making the right decision and regularly speaks at events discussing the merits of a listing including events held with the London Stock Exchange.
She also assists many AIM and private clients on their acquisition strategy including due diligence. She is a past member of the main council of The Institute of Chartered Accountants of Scotland.
Lord Tim Clement-Jones CBE
Liberal Democrat Peer and London Managing Director, DLA Piper
Lord Clement-Jones is a solicitor by profession and a Partner of the global law firm DLA Piper where he is Head of UK Government Affairs. Former positions held include London Managing Partner from 2011 to 2016, Chairman of its China and Middle East Desks, International Business Relations Partner and Co-Chairman of Global Government Relations.
He is a member of the Saudi–Britain Joint business Council, a Law Society Ambassador to the City of London and an Icebreaker Fellow and Vice-President of the 48 Group Club, a business network which promotes links with China.
Tim was also Chairman of the Association of Liberal Lawyers 1982 to 1986 and then of the Liberal Party from 1986 to 1988 and played a major part in the merger with the Social Democratic Party to form the Liberal Democrats. He was made CBE for political services in 1988. He was the Chairman of the Liberal Democrats Finance Committee from 1989 to 1998 and Federal Treasurer of the Liberal Democrats from 2005 to 2010.
Tim was made a life peer in 1998 and until July 2004 was the Liberal Democrat Health Spokesman and thereafter until 2010 Liberal Democrat Spokesman on Culture, Media and Sport, in the House of Lords. He is the Liberal Democrat spokesman for the Digital Economy and a former spokesman on the Creative Industries (2015 to 2017).
He is also Chair of the House of Lords Select Committee on Artificial Intelligence (2017-) and Deputy Chairman of the All-Party Parliamentary Group on China and Vice Chairman of the All-Party Parliamentary Groups on the UAE, Iraqi-Kurdistan, Ovarian Cancer, Publishing, Writers and Intellectual Property. Since 2012, he has been the Chair of Lib Dems in Communications.
Partner and Head of UK Corporate, Dentons
David is the head of UK Corporate department and co-chair of the Firm's Global M&A group. He advises on a broad range of UK and international cross-border corporate finance transactions, including public and private M&A, joint ventures and equity capital markets.
He has acted for corporations, financial institutions and corporate finance intermediaries across many industry sectors, including technology, betting and gaming, media, healthcare, financial services, energy and natural resources, real estate, support services and retail.
Chris HurleyChief Portfolio Officer, LDC (the private equity arm of Lloyds Banking Group)In his role as Chief Portfolio Officer, Chris is responsible for co-ordinating the creation and realisation of shareholder value across LDC’s 90-strong portfolio of UK mid-market businesses. Collectively, these companies employ more than 40,000 people and have revenues in excess of £5.5bn.Chris is also a standing member of the LDC Investment Committee and represents LDC on several boards.The most active mid-market private equity firm in the UK, with a focus on regional MBOs, LDC backs ambitious management teams, partnering with them to accelerate the growth of their business through a combination of investment strategy and value creation. Lloyds Banking Group provides LDCs funding which means the investor is not bound by the traditional private equity model and investment cycle of a fund, enabling more flexible deal structures and exit timing based on shareholder value, not fund timetables.With £1.2bn to invest in UK mid-market businesses over the next three years, LDC sees exciting growth opportunities on the road ahead, and is on the ground ready to support, in every region, with the track record, the experience and the capital to drive success.Chris has more than 20 years of experience in Private Equity. Prior to joining LDC in 2004, he worked with Aberdeen Murray Johnson Private Equity. He qualified as a Chartered Accountant at Robson Rhodes after gaining a First Class Honours Degree in Business and Economics at Salford University.Chris' interests include football (playing and watching), golf and swimming. He recently climbed Mount Kilimanjaro raising more than £8,500 for Birmingham Children’s Hospital Charity.
CEO, British Business Bank
Keith Morgan led the planning and establishment of the British Business Bank from January 2013, and was appointed CEO in December 2013. Prior to this, Keith was an Executive Director of UK Financial Investments (UKFI), joining in 2009 to manage the UK Government’s shareholdings in Bradford & Bingley and Northern Rock and culminating in the return of Northern Rock to the private sector and the creation of UK Asset Resolution (UKAR) to manage the run down and sale of the remaining mortgages. Keith remains on the board of UKAR as a Non-Executive Director.
Keith joined UKFI from Banco Santander where he was an Executive Director of Sovereign Bancorp in the US, focusing on the bank’s retail and SME strategy and the integration of Sovereign into Santander. He was previously Director of Strategy & Planning at Abbey National and a member of the Executive Committee, and also served as Chairman of Santander’s Asset Management and Credit Card businesses in the UK. Before joining Abbey in 2004, Keith spent 17 years at L.E.K. Consulting, where he was a partner specialising in financial services.
Keith holds an MA in Philosophy, Politics and Economics from University College, Oxford and an MBA from Harvard Business School.
Chairman, Better CapitalJon Moulton is a CF and a Fellow of the Institute for Turnaround Professionals. Jon has long experience of turnarounds, having invested in them for 30 years and with considerable success. Jon is currently Chairman of FinnCap, the major AIM broker, The International Stock Exchange and Anti-Microbial Research Limited. He also chairs the Better Capital funds and Greensphere, an alternative energy infrastructure fund.
Jon is a very active private investor with a large and diverse portfolio and has been working in private equity since 1979. Jon regularly writes, broadcasts and speaks on corporate finance and financial matters. He is a Director of the think tank The Centre for Policy Studies. Jon is also an Honorary Fellow of University College London and a Trustee of the UK Stem Cell Foundation and of his own medical research charity which funds clinical trials.
Former Managing Partner of Alchemy, Jon’s career has also included spells running Permira, CVC UK and the buy-out group of Apax, as well as being a director of numerous public and private companies including Ashmore PLC. He was also a member of the Board of the £3.8bn UK Government Regional Growth Fund.
Philip Robert-TissotNon-Executive Director, Consultant and former Director General of the Takeover Panel
Philip Robert-Tissot had a 27 year career as a UK corporate financier, from 1989 to 2015, initially with Schroders and then with Citigroup after its purchase of Schroders’ investment banking business in 2000. Philip became Head of UK M&A, then Head of UK Banking & Broking and finally, after giving up his management role, Chairman of Citi’s EMEA M&A business. Philip’s primary experience was advising on public and private acquisitions and disposals, including hostile bids for and defences of listed companies. In addition, Philip gained significant experience in equity financings, restructurings, demutualisations, demergers, IPOs and introductions. Whilst most of his work was for private sector companies across multiple industry sectors, Philip also undertook significant work for public sector bodies.
From April 2013 to June 2015, Philip was seconded to The Takeover Panel as its Director General, and hence was responsible for regulating bids for companies that are subject to The Takeover Code.
Following completion of this secondment, Philip retired from full-time executive work. He is currently a non-executive director of Receipt Bank Limited, and is an active investor in private companies across a range of industry sectors.
Maggie Rodriguez-Piza (Vice Chair)
Chief Executive, Funding London
Since taking the helm at Funding London in late 2009, Maggie’s main focus has been the planning, creation and launch of new funds to continue to support the company’s mission. Under her leadership, two funds have been launched: the MMC London Fund (launched in late 2012) and the London Co-investment Fund (launched in December 2014).
Maggie began her career at Hawkpoint Partners (now part of Canaccord Genuity) in mid-market M&A and capital markets and was later a corporate finance partner at Mazars.
Maggie holds a Masters in Materials Engineering from MIT and an MBA from the Yale School of Management. She also holds ICAEW’s Corporate Finance qualification.
Chris Searle is a partner in the corporate finance department of BDO LLP in London where he specialises in Transaction Services work involving due diligence on acquisitions and reporting accountant work on IPOs and subsequent transactions. He has specialised in this type of work for 30 years during which time he has worked on over 100 IPOs. In undertaking such work, he has worked with companies of all sizes in a wide range of sectors.
Duncan is a Partner in PwC's UK Financial Services Corporate Finance team and also lead the Private Equity relationship team, based in London. With over 20 years deals experience with extensive knowledge and expertise advising on public and private M&A transactions and management buy-outs.
Between January 2007 and December 2012 Duncan was elected to sit on PwC UK's governance body, the Supervisory Board, chairing it in 2010-12.
In 2017 he was elected to sit on PwC's Global Board and appointed to PwC's Middle Eastern Board and UK Supervisory Board.
Sam Surrey (Chair of Middle East Network)
Partner, Middle East Financial Advisory Transaction Services, Deloitte
Sam Surrey is a Partner in Deloitte’s Middle East Financial Advisory Transaction Services team. Sam joined in 2013 from BDO LLP where he was a partner in the UK and Dubai. He has lived and worked in the Middle East since 2009 and has specialised in Transaction Services for 19 years.
In the Middle East, Sam works with a range of clients across the private equity, sovereign wealth and corporate sectors. In addition to the Middle East he has worked extensively across Europe and the US. In 2009 he spent over a year on secondment at Barclays in Dubai, working as part of the Barclays Restructuring team.
He has been a member of the Corporate Finance Faculty Board for over four years and was previously the Vice Chair. He has an MA from the University of Oxford and is a qualified accountant.
Managing Partner, ECI
Steve Tudge is Chairman of the ECI Investment Committee. He joined ECI in 1994, having spent eight years at Coopers & Lybrand (now PwC), gaining an ACA specialising in advising small and medium-sized businesses. His past and current investments include Citation, LateRooms, GK Communications, Anix, EDM, Fourth, CarTrawler, Great Rail Journeys and Avantia.
ECI Partners is the UK's leading growth-focused private equity firm. With offices in London and Manchester, ECI invests in management buyouts and buyins for majority or minority equity investments in medium sized UK growth companies. For more than 40 years the team have been investing across a range of sectors, gaining a wealth of experience in supporting high growth businesses with a current deal size of £20m to £150m.
Portfolio Director, Business Growth Fund
Jane joined Business Growth Fund in 2016 to support the growing portfolio in the South of England. Jane has twenty years of portfolio experience having started her career at NatWest Ventures, which became Bridgepoint Capital and latterly at Octopus Investments. Jane has sat on a number of Boards and been involved in nearly 100 exits.
Chair of the Board
Mo Merali (Chair)Partner and Head of Private Equity, Grant Thornton
Mo Merali is a Corporate Finance Partner and has been Head of Private Equity at Grant Thornton since 2001. He is focused on buy-side and sell-side due diligence support for corporate, private equity and institutional clients on all types of transactions such as acquisitions, fund-raisings, investments, refinancings and disposals.
His key area of expertise is due diligence and bid support, whereas his sector experience includes technology, IT/software, media, healthcare and financial services.
Maggie Rodriguez-Piza (Vice Chair)
Chief Executive, Funding LondonSince taking the helm at Funding London in late 2009, Maggie’s main focus has been the planning, creation and launch of new funds to continue to support the company’s mission. Under her leadership, two funds have been launched: the MMC London Fund (launched in late 2012) and the London Co-investment Fund (launched in December 2014).Maggie began her career at Hawkpoint Partners (now part of Canaccord Genuity) in mid-market M&A and capital markets and was later a corporate finance partner at Mazars.Maggie holds a Masters in Materials Engineering from MIT and an MBA from the Yale School of Management. She also holds ICAEW’s Corporate Finance qualification.
Corporate Finance Faculty Technical Committee
The Technical Committee meets quarterly to discuss the major issues and frequently contributes to consultations by international organisations, governments, regulators and other professional bodies.
Chair of the Technical Committee
Financial Advisory - Transaction Services
email@example.com +44 (0)20 7303 0996
Technical Committee members
Finance Director, Fox Group
Head of Legal, Business Growth Fund
T +44 (0)121 233 8731
T +44 (0)20 7311 8346
Senior Manager, RSM
T: +44 (0)20 3201 8000
Partner, BDB Pitmans
T +44 (0)207 634 4634
Director, UK Advisory Risk & Quality, PwC
T +44 (0)20 7804 7875
Partner, Taylor Wessing
T +44 (0)20 7300 4244
Director, Grant Thornton
T +44 (0)87 0324 2594
Associate Partner, TAS Quality, EY
T +44 (0)20 7951 4167
Managing Director, Head of Corporate Finance, Cantor Fitzgerald Europe
T +44 (0)20 7894 7653