Saturday 24 October, 2020

Baker Tilly introduces advisory services over cocktails

Directors of Baker Tilly Tax and Advisory Services (from left) Emile Lafayette, Wayne Strachan, Ryan Foster and Heston Hutton stand together during its recent cocktail reception, which also served as a soft launch for the company.

Directors of Baker Tilly Tax and Advisory Services (from left) Emile Lafayette, Wayne Strachan, Ryan Foster and Heston Hutton stand together during its recent cocktail reception, which also served as a soft launch for the company.

Baker Tilly Tax and Advisory Services (BTAS) hosted a cocktail party that also served as a soft launch to Jamaica of its advisory services, at Norbrook, St Andrew recently. The occasion attracted over 400 guests.

While addressing the gathering, the directors stressed that the company aims to make a "delivery of value that is relevant", which is the goal of the partners of the company which recently expanded its range with advisory services.

Heston Hutton, Chief Executive Officer (CEO) of the local franchise, said: “do not consider BTAS as a consultancy company, but one which is vested in the relationship it has with its clients to deliver value that is relevant.

"Recognising we cannot be great at everything, we have assembled a team of practitioners with a wealth of experience and track record; talent spanning telecom, banking, IT, business transformation/logistic and taxation,” Hutton said.

The chief partners are Wayne Strachan and Emile Lafayette, who initiated the Baker Tilly franchise in Jamaica in 2014, and have remained lead directors.

The company widened its governance structure and skills set last November, by adding Jamaica Olympic Association CEO, Ryan Foster, and former JaMobile Payment Services CEO, Hutton, to the board of directors.

Baker Tilly reception

Also joining the leadership team as associates are some well-known individuals with significant experience in regional business, in Barry O’Brien and Ciaran Burke.

During the reception, Foster told the gathering that, “As a director of Baker Tilly Tax and Advisory Services, one of the main goals and objectives is value creation for all stakeholders. We are committed to expanding the value proposition of our clients, to provide solutions to ensure that all facets of their business are profitable.

"We want to look at areas such as financial technology, business process re-engineering, inventory management, logistics and cost controls. Ultimately we would love to bring some of our clients to IPO status. The board and management are not only committed to achieving this, but have the requisite skills and experience to do so,” Foster said.

Hutton said the business verticals will be specific to several areas, namely: growth/exit strategy - through its relationship with William Caribbean Capital, providing the requisite support to assist organisations to raise capital or realise an exit strategy; business transformation - to include leveraging technology to deliver financial services (financial technology); and logistic management - deep-dive assessment of internal operations to optimise resources and improve efficiencies.

“BTAS has also forged a strategic relationship with partner firms across the world to ensure the timely adoption of new business practices; taking advantage of the Baker Tilly International presence in over 147 countries, and a network of over 30,000 professionals worldwide,” said Hutton.

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