08/12/2017 - 14:44

EY boss to APM after PE deal

08/12/2017 - 14:44

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EY’s Perth managing partner, Mike Anghie, is planning to join APM as its chief executive, four months after advising Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia’s largest privately owned human services company.

Mr Anghie has been at EY for 24 years.

EY managing partner Michael Anghie is planning to join Perth-based APM as its chief executive, four months after he advised Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia’s largest privately-owned human services company.

Mr Anghie has been at EY for 24 years, becoming a partner in 2000, and will start his new role at APM in March next year.

Quadrant purchased 60 per cent of APM for a reported $240 million in August.

APM was established by Megan Wynne and Bruce Bellinge, who is also managing director of Subiaco-based Concept Fertility Centre, in Perth in 1994.

The company has grown to become an international provider of employment assistance, vocational rehabilitation and disability services across 400 locations.

APM's current chief executive Paul Fiddes will become chair of its Australian business, serving on the board with Ms Wynne, Mr Bellinge, and professional director Lisa Paul.

Mr Anghie said he was privileged to have been with EY for so long.

EY has given me amazing opportunities over my career and I have been privileged to work with great leaders within the firm and in the marketplace,” he said 

“The market leadership position we hold in the Perth market-place and globally in areas such as entrepreneurship, family business and private equity is something I am proud of and a tribute to the calibre and depth of our teams.”

Ms Wynne said APM was delighted to have Mr Anghie on board.

“This is a very exciting time in APM’s history and we look forward to Michael playing a pivotal leadership role as our businesses grow and expand into new markets and territories,” she said.

EY Oceania chief executive Tony Johnson thanked Mr Anghie for his services

“This is a great opportunity for Mike and builds on the skills and experience gleaned at EY over the past 24 years with the firm, 17 as a partner,” he said

“Mike has made a significant contribution to EY in leadership roles, in the Perth market and with clients as a mergers and acquisitions adviser.”

EY said it will appoint a replacement in mid-February next year.

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