Sydney-based PwC Partner, Richard Stewart OAM, has been appointed as the next Chair of the IVSC’s Business Valuation Board (BVB). Richard joined the Board as a member in March 2019 and takes over from Andreas Ohl who steps down after a seven-year contribution to the IVSC’s standard setting boards. Richard will also take over from Andreas as the BVB representative on the Standards Review Board which oversees the IVSC’s standards agenda.
During his career Richard has worked in Sydney, Canberra, New York and London and with clients throughout the world, specialising in valuation and financial advisory services. His expertise in valuation has been recognised externally by his appointment as an Adjunct professor in this area in the Business School of the University of Technology, Sydney, and through his membership of the Australian Valuation Standards Committee. Richard was awarded the Order of Australia Medal (OAM) in 2015 for services to the accounting profession.
Andreas Ohl has chaired the BVB since its inception in 2017 and before that was a member of the IVSC’s overarching standards board. He has led the Board’s work on revisions and updates to the International Valuation Standards in 2017, 2020 and 2022, through which global standards for the valuation of business and intangible assets have been greatly enhanced. Most recently, Andreas has overseen the BVB’s work to issue Perspectives Papers on topics including Goodwill, Intangibles and ESG.