Led by a Partner with more than 30 years’ experience in the field, our team of financial services accountants bring a dynamic mix of specialist knowledge and understanding of the changing regulatory environment.
Rakesh Shaunak, our group chairman leads Baker Tilly’s global financial sector group, as part of the 10th largest accountancy network in the world. We have access to financial services advisors from more than 146 countries, allowing us to deliver in-depth industry knowledge and expertise where you need it.
Our services for banking clients run the full array of audit, assurance and advisory services. We have many years’ experience to deal with the industry’s comprehensive regulatory and accounting-related requirements with our team having experience of working with a number of the world’s largest banks and upcoming challenger banks with assignments ranging from external audits, internal audits, tax compliance, tax consulting and regulatory advisory services.
In addition, we also offer a range of advisory services such as risk management, audit of IT systems and transaction advisory services.
Our team is dedicated to providing audit and other assurance services within the financial services sector to investment businesses and funds.
Years of experience in the industry has given us specialist knowledge of investment structures and strategies, as well as audit, accounting and regulatory requirements. Coupled with commitment to deadlines and client service, this experience is applied for the benefit of our clients.
We provide services to both start-ups and established businesses, and pride ourselves on our understanding of the industry as well as our collaborative and value for money work ethic.
The regulatory environment is a challenge that we help our clients to meet, not only by meeting filing deadlines but also by keeping abreast of change, whether in the form of tax legislation or the FCA’s response to European directives, and sharing our insights.
There are many types of investment business and we have the skills to work with them all, whether hedge, venture capital or private equity fund manager, broker-dealer, bond issuer, investment advisor or arranger, UCITS manager or AIFM.
The audit of financial statements is key to regulation of investment funds, both onshore in the UK and Ireland, and offshore in the Cayman Islands and elsewhere. We work with our clients and their fund administrators across the globe to meet the regulators’ deadlines.
We have experience of all types of fund investment strategy and structure and the capability to re-price quoted investment portfolios. We work through the various time zones using our combined London and Cayman team.
We help a wide variety of insurers with everything from audit, tax, advisory and financial investigations. The market is ever-changing, and our team help clients stay ahead advising on key regulatory changes, new markets entry and technology adoption.
Our team understand the complexities of the insurance market and its global requirements and regulatory reporting standards.
The FCA’s Client Asset Rules state investment businesses that hold client money or custody assets must appoint a CASS auditor to be compliant. We act as CASS auditors for many clients, some of which use different auditors for their financial statement.
We believe in working in collaboration with our clients, who range from start-ups to more established businesses and includes organisations such as banks, investment businesses and funds.
We work proactively for our clients to help them stay ahead of any forthcoming issues and challenges, particularly in regards to any changes to tax legislation or financial markets regulation.
As technology continues to transform the sector, we also act as financial services accountants for a growing number of Fintech companies.
MHA MacIntyre Hudson’s banking and finance team offer a comprehensive range of core and specialist services
Get in touch to find out how MHA MacIntyre Hudson’s financial services experts can help you succeed and grow.
Accounting issues have arisen from changes to payment for research costs, which were introduced...
In December 2017, the Financial Reporting Council (FRC) concluded their triennial review of UK GAAP
David is a Partner in the MHA MacIntyre Hudson financial services team responsible for audit opinions and specialising in audit and assurance services to investment businesses.
David has over 24 years’ experience as a Chartered Accountant. Having qualified with EY in 1992, he left to work in finance roles at FCA regulated businesses, but re-joined the auditing profession in 2001 as a senior manager in EY’s Banking and Capital Markets Group. In 2007 he took up a role as head of financial control at a leading London metals broker and then in 2011 joined the audit division of a boutique firm. That audit division was acquired by MHA MacIntrye Hudson in November 2016.
In addition to statutory audit, David leads teams on internal control and client assets engagements.Get in touch with David King
Candice Czeremuszkin is a Licensed Audit Practitioner responsible for signing and leading audit engagement teams that serve a growing portfolio of mutual funds and private equity funds with a diverse range of investments and strategies, and under various accounting frameworks and relevant local legal and regulatory requirements.
Currently a member of the Cayman Islands Institute of Professional Accountants (CIIPA), a Fellow of the Association of Chartered Certified Accountants (FCCA), and a member of the Chartered Professional Accountants of British Columbia. Candice also holds a Master of Business Administration (M.B.A.) from the Heriot-Watt University Edinburgh Business School.
Currently a member of Cayman Finance’s Public Awareness Committee, CIIPA’s International Relations Committee and CIIPA’s Careers & Mentoring Committee, 100 Women in Hedge Funds and the Business and Professional Women’s Club of the Cayman Islands.Get in touch with Candice Czeremuszkin
John joined MHA MacIntyre Hudson in March 2008 as an Audit Partner and acts for a variety of corporate clients including companies involved in Financial Services (including FCA regulated companies), Construction and Real Estate, Media and Entertainment (including book and music publishers), Professional partnerships, and the Not-for-Profit sector. He has a number of Technology clients, particularly start-ups and growing companies, advising them on a range of issues.Get in touch with John Coverdale
Rakesh is the Managing Partner and Group Chairman of MHA MacIntyre Hudson and MHA, as well as Chairman of the firm’s London Head Office and the Southern Region. In addition to his governance role, much of his time is devoted to business advisory work with a diverse portfolio of clients.
He is head of the firm’s Financial Services and lead Partner of Baker Tilly’s global financial sector team. Rakesh also leads on the firms work in the Natural Resources arena and with Listed Companies and Public Interest Entities.
Rakesh is the Reporting and Relationship Partner for two listed companies, a number of other Public Interest Entities, seven UK banks and the European arm of one of the largest banks in the world.
As a senior director of Baker Tilly International, Rakesh is proactively leading collaborative working between Baker Tilly International global offices.
Rakesh is a non-executive director of a listed Real Estate Investment Trust and Chairman of the Audit, Risk & Compliance Committee. Until recently he was also Chairman of the Risk and Audit Committee of the Chartered Institute of Taxation.
His all-round experience helps Rakesh advise clients from a wide perspective such as
The teamwork and support from the MHA team really made the difference to a complex deal. Anthony Pile - Blue Skies
Private Equity Investment
I've always been very happy with the information provided and, no matter how obscure it may be, the agricultural team have always been able to find an answer – and with the large diversification project we took on there have been plenty of questions! Callum Bates - J Bates & Son