Intangible Business, the leading brand valuation consultancy, is pleased to announce the addition of Richard Mallett to its valuation team as Technical Director.  

Richard joins Intangible Business from the Chartered Institute of Management Accountants (CIMA) where he was Technical Director since 2001, responsible for maintaining and enhancing CIMA’s authority in management accounting and related business areas such as financial reporting, corporate governance and sustainability. At CIMA Richard was also engaged extensively with the wider accountancy profession and, from 2001 to 2009, was the Technical Adviser to the UK member of the Professional Accountants Business Committee of the International Federation of Accountants.

Richard brings with him not only a wealth of knowledge of the regulatory bodies and standards governing valuations and financial reporting but also considerable technical and commercial experience gained in his previous roles at Reed International and Sainsbury’s where he was Group Financial Controller.

Thayne Forbes, joint managing director of Intangible Business, says: “We are delighted to welcome Richard to the team. His technical, commercial and regulatory experience will be invaluable to our clients wanting to navigate the complexities of accounting standards such as IFRS 3.”

Forbes continues: “With increased scrutiny from financial regulators and the beginnings of a surge in corporate acquisitions, Richard joins us at a very busy time.”

Richard Mallett, Technical Director at Intangible Business, says: “I am delighted to be joining Intangible Business at this exciting time for the industry and the company itself. Valuations – in particular for intangible assets – are becoming increasingly prevalent in corporate activity for tax planning, mergers and acquisitions, balance sheet reporting and corporate restructuring. I am looking forward to working with the existing team at Intangible Business and building on Intangible Business’ impressive capabilities and reputation.“