Corporate Finance Faculty Board and Technical Committee
The Corporate Finance Faculty Board advises the executive staff at ICAEW and contributes to setting the strategic direction for the faculty. 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
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.
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.
Head of Investment Operations, BGF
Alistair joined BGF in July 2011 initially to lead on new investments. He then ran the London investment team before moving into his current role which is focused on delivering best practice, both internally and externally, across all BGF's offices. Alistair remains involved in new deal origination and also sits on the board of Oliver Sweeney and Evodental.
Alistair has 18 years' experience in small company investing and has led investments into over 30 businesses. His investment experience was gained initially at Close Brothers and then at Octopus Ventures, where he was involved in a large number of growth capital and management buyout transactions, across multiple sectors and throughout the UK. In the majority of cases, Alistair also joined the board of those companies. Alistair began his career at Price Waterhouse with direct entry into the Business Recovery Services team.
Jonathan Boyers, KPMG
Partner, KPMG in the UK
Jonathan is a KPMG Partner who leads the firm’s Corporate Finance practice in the UK. He also oversees KPMG's wider Deal Advisory Business across the North of England, which comprises corporate finance, valuations, debt advisory, transaction services (due diligence), infrastructure advisory and also involves M&A tax, consulting services and legal services.
Jonathan has been a Corporate Finance Advisor for 25 years, having trained as an ACA with KPMG where he has worked since University. Jonathan has advised hundreds of companies regarding strategy and corporate finance transactions. Most of his deals have involved helping clients sell their businesses with deal sizes ranging from £1 to £600 million.
Partner – Head of UK Advisory Corporate Finance, Deloitte
Fenton is the Head of UK Advisory Corporate Finance team and has over 25 years' banking experience being previously with Close Brothers, Schroders and Lloyds Bank Capital Markets. With over 30 people based in the UK and access to Deloitte Debt Advisory professionals across Europe, North America and Asia, the team has global reach.
Lord Clement-Jones CBE
Liberal Democrat Peer and London Managing Director, DLA Piper
Tim 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.
David Collins, Partner and Co-Chair of Global 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.
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.
Group Head of M&A, Rentokil Initial Plc
Chris joined Rentokil Initial plc in 2012 as Head of M&A and is a member of their Executive Leadership Team. Chris has returned Rentokil Initial to its Pest Control and Hygiene roots by disposing non-core lines of business including City Link Couriers, Initial Facility Management and through a pan European joint venture with CWS-Boco International GmbH concerning Textile and Hygiene businesses.
Chris is responsible for Rentokil Initial’s M&A strategy of acquiring quality companies in growth and emerging markets. He has completed 250+ deals pursuing a growth compounding strategy, including landmark acquisitions such as Steritech Inc and OCS Cannon's worldwide hygiene business as well as Joint Ventures in India and Saudi Arabia. He has broadened Rentokil Initial’s footprint into 10+ new countries by entering markets including UAE, Saudi Arabia, Guatemala, Chile, Brazil, and Mozambique.
Chris was previously M&A Director for AstraZeneca PLC, acquiring MedImmune LLC and disposing of AstraTech and Aptium Oncology; and prior to that, Director KPMG UK LLP Transaction Services. In his time at KPMG Chris advised major UK Corporates investing in Emerging Markets and was an expert in cross border transactions.
Chris is passionate about growing Rentokil Initial’s Pest and Hygiene businesses whether organically through developing colleagues and quality service or, inorganically, through M&A.
Chief 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.
Corporate Finance Partner, EY
Chris co-founded EY Debt Advisory in 2009 and has been a Partner since 2012. His primary focus is to advise companies on their capital refinancing strategies and assisting them in the execution of financing structures. Prior to EY he has worked as a lender of capital at HABC and Citigroup and as a borrower of capital at BAE SYSTEMS plc.
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 Capital
Jon 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.
Non-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.
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.
National Head of Transactions, Smith & Williamson
John heads up Smith & Williamson’s Advisory business - comprising the firm’s transactions, restructuring and forensics practices – having formerly headed the firm’s valuation and transaction businesses.
He joined Smith & Williamson from PwC, where he led the PwC regional valuation practice with responsibility for a large team of specialist valuers. Prior to that he worked in the firm’s privatisation services and corporate finance units, before moving to the Valuation & Strategy practice specialising in valuation and regulatory finance work.
A former committee member of the ICAEW Valuations Special Interest Group, he is the co-author of a book on cost of capital and valuation, and has published a number of articles in books and journals.
He has worked with investment banks, major listed companies, private equity houses, families and private individuals, private companies and UK and overseas governments.
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.
Head of Practice Development, Gibson, Dunn & Crutcher LLP
Selina S Sagayam is the Head of Transactional Practice Development in the London office of Gibson, Dunn & Crutcher. Selina is an international corporate finance lawyer whose practice covers public and private M&A, joint ventures, international equity capital markets offerings and advisory work focused on corporate governance, shareholder activism and financial services regulatory advice. Selina was seconded to the Takeover Panel as Secretary and is regarded as one of the leading UK public M&A advisers.
Selina is a regular speaker at conferences in UK and Europe on takeovers, cross-border M&A and activism. She has authored numerous articles on corporate finance and corporate governance issues and is regularly quoted and appeared in the financial press and media for her views on M&A transactions.
Selina chairs the Gibson Dunn London Diversity Talent & Inclusion and Community Affairs Committees. She is also co-chair of the cross-industry gender group, NetworkForKnowledge. She is a Non-Executive Director of Hastings Insurance Limited and chair of its Risk Committee and a NED of Hastings Group PLC. She is also a member of the not-for profit ITL Development Board, the Advisory Board of Diversity UK, LexisPSL Corporate Consulting Editorial Board and various FMLC (Financial Markets Law Committee) scoping forums.
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 Panel)
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
Chris Watt is a member of the ECI Investment Committee and has overall responsibility for ECI's portfolio and exit strategy as well as investor relations. He joined ECI in 1999 from Arthur Andersen where he specialised in private equity transactions. His current and past investments include KB Associates, Travel Chapter, CPOMS, Great Rail Journeys, Reed & Mackay, CarTrawler, Nuaire, Enviros, Kirker, and Hoseasons. He graduated in chemistry from Oxford University and holds an ACA..
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
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, Investment Banking, N+1 Singer