Ernst & Young Aberdeen appoints new office managing partner Derek Leith to succeed Alec Carstairs.
Derek Leith, head of tax at Ernst & Young in Scotland and an oil and gas tax specialist, will succeed Alec Carstairs as the firm’s Aberdeen office managing partner with effect from 1 January 2012.
Mr Carstairs (54) will remain a partner with Ernst & Young until June and will assume a consultancy role with the firm thereafter, continuing to play an active role in the oil and gas sector.
He intends to devote more of his time to the Vine Trust, an international charity that seeks to make a real and significant difference to some of the poorest children and communities in the world.
Mr Leith (48) has 21 years of experience of the oil and gas industry having held roles at HMRC and BP before joining Ernst & Young in Aberdeen in 1995.
In addition to his regular client work, he is a key member of the Oil and Gas UK (OGUK) taskforce responsible for making representations to the UK Government on behalf of the industry.
He said: “I am delighted to be given the opportunity to lead such a high-performing team in a market that has great potential for future growth. As well as continuing to ensure we provide our clients with the highest quality of services, I want to maintain the focus the office has on charity as we aim to make a positive contribution to Aberdeen’s businesses and our wider community.”
Mr Carstairs embarked upon his professional career with Ernst & Young’s predecessor firm 35 years ago before being made partner in 1988. He has spent the majority of time in Aberdeen, but has enjoyed spells elsewhere in Scotland and in London.
He has focused on oil and gas transactions for more than 25 years, playing a key role in major deals including the sale of Macgregor Energy Services to 3i and, more recently, Wood Group’s acquisition of PSN.
Alec also held the title of head of mergers and acquisitions for oil and gas services in Europe, the Middle East, India & Africa (EMEIA) and was a member of the EMEIA advisory council.
He said: “My association with Ernst & Young will not come to a complete end as I will take up a consultancy position with the firm, assisting businesses and entrepreneurs. I am also looking forward to extending my activity with various charities, in particular the Vine Trust’s operations in Peru and Tanzania.
“I feel privileged to have been the managing partner for the firm in Aberdeen and have enjoyed my role enormously. The office is home to some great partners and staff and I have no doubts it will go from strength-to-strength.”
Ernst & Young has one of the largest teams of advisory personnel based in Aberdeen, with more than 40 experienced partners, directors and managers focusing on exploration, production and oil service.