Jim Mascitelli and Matthew Ashley co-leaders of Mazars Sydney

13 May 2021 Consultancy.com.au 2 min. read
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Global accounting and consulting firm Mazars has added a second Managing Partner to its Sydney operation alongside incumbent Jim Mascitelli, as the firm prepares for its next phase of growth.

Over the past three years, Mazars was led solely by Jim Mascitelli, a thirty-year veteran of the company. Under his leadership, the mid-tier practice continued its growth in the Greater Sydney region, and steered its way through the Covid-19 crisis. 

Facing a disruptive environment, the firm has now transitioned to a shared leadership model, installing Matthew Ashley as a second co-boss. “Adopting a Joint Managing Partner structure enables greater transparency across the firm and ensures that we are well placed to continue to look after our clients,” explained Mascitelli.

Jim Mascitelli and Matthew Ashley - Mazars

“In this ever-changing world of business, we need to ensure that we have our finger on the pulse to have a clear perspective on the needs of our clients, allowing us to actively adapt and innovate,” added Ashley. 

Ashley brings 20 years of experience to the role, all gained at Mazars. He joined the firm in 2001 as a cadet, and has since climbed the ranks to become partner in 2011, and leader of the Accounting and Outsourcing division. During his tenure with the firm, he has held various positions on boards and committees, including his current role of member of the Mazars Asia Pacific Board. 

Meanwhile, Mascitelli and Ashley will work closely together to spearhead Mazars’ growth ambition. The firm currently sits around 20th spot in the latest tables of Australia’s largest accounting-heritage professional services firms, but aims to leapfrog a number of competitors in the coming years. 

Across its offices in Brisbane, Melbourne and Sydney, Mazars currently has 330 accountants, consultants, tax advisors and staff. Globally, the Paris-headquartered company has over 42,000 employees in 100+ countries, generating €1.9 billion in fee income.

“By sharing the Managing Partner responsibilities, Matthew and I can devote substantial time to understand and acclimate to the varying requirements of our continued growth,” said Mascitelli.