Norman Murray new President of ICAS

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Cairn Energy Chairman, Norman Murray has taken office as the new President of The Institute of Chartered Accountants of Scotland (ICAS). He succeeds Mike Hathorn , a Senior Partner of Moore Stephens in London .

The new President is supported by Senior Vice President Isobel Sharp, a Partner in Deloitte & Touche LLP London and Junior Vice President Glenn Allison, Managing Director of the Stewart Milne Group, Aberdeen .   Each President serves a one-year term.

Speaking at the AGM the new President said:

"I’m hugely excited to take over as President at an important time for the Institute and the profession. I will be pushing for the UK profession to work more effectively together than has been the case in the past – if we stand together we will have a greater chance of influencing the global debates that influence accounting and auditing standards. We have always been an Institute that has had an international outlook. The work that we currently carry out in places such as South East Asia and Eastern Europe is crucial to promoting our ethos of integrity and independence. Our Membership is increasingly diverse as well – our growing number of students will operate in every corner of the globe as their careers progress. Their Institute should be capable of supporting them wherever they are in the world. Last but not least, we need to ensure that our traditional heartland – the independent practices in Scotland – are supported in their desire to train CA students by an educational package that suits their needs. We are rightly proud of the CA qualification which continues to be the ‘gold standard’ in accounting qualifications.”

The Institute of Chartered Accountants of Scotland (ICAS) is the world’s first professional body of accountants, receiving its Royal Charter in 1854.   ICAS has over 16,000 members worldwide and the CA designation is reserved exclusively for their use in the UK .

Norman Murray was appointed an independent non-executive director of Cairn Energy PLC in 1999 and Chairman in 2002. He is a former Chairman of Morgan Grenfell Private Equity Limited and was also a director of Morgan Grenfell Asset Management Limited and a non-executive director of Bristow Helicopter Group Limited. He is a past Chairman of the British Venture Capital Association and a non-executive director of Greene King PLC and Robert Wiseman Dairies PLC. A graduate of Heriot -Watt University , he qualified as a CA in 1976 with Arthur Young McClelland Moores & Co, Edinburgh. Norman then worked with Peat Marwick Mitchell & Co in Hong Kong . In 1987, Norman graduated from the Programme for Management Development at the Harvard Business School .
He has been involved with all aspects of the venture capital industry for some 26 years with The Royal Bank of Scotland , Charterhouse, Morgan Grenfell and Deutsche Bank, becoming Chairman of the British Venture Capital Association in 1998. He is currently a non-executive director of Penta Capital Partners Holdings Ltd.

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