Andrew Hoffmann takes over as Sydney managing partner at Nexia
The Sydney branch of national accounting and consulting network Nexia has transitioned its top leadership, with company veteran Paul Lenton making way for fellow stalwart Andrew Hoffmann.
Mid-tier accounting and consulting network Nexia has welcomed company veteran Andrew Hoffmann as its new managing partner in Sydney, with long-serving leader Paul Lenton having stepped down at the beginning of the month.
According to the firm, its NSW revenues grew by more than 250 percent during Lenton’s decade-long tenure and are now closing in on the $50 million mark – helping Nexia to secure a top-15 nation-wide ranking.
Despite having been with the firm and its predecessors for more than forty years, Lenton will continue on in a client business advisory role. He first joined in the early 80s, admitted as a partner in 1990 before being appointed as Sydney managing partner in 2014. His successor, Andrew Hoffmann, has also been a Nexia partner for more than two decades, having joined in 2001 following an eight-year stint with KPMG’s audit division in Sydney.
“I am excited and honoured to be stepping into the managing partner role and look forward to building on Paul’s impressive legacy,” Hoffman stated. “Nexia Sydney has a fantastic culture, a tremendous team, and an unparalleled enthusiasm for making a difference. People are at the heart of everything we do and we have a strong culture of giving back. Nexia is really well positioned for this next stage of growth to remain a top-ten firm in the local market.”
Nexia’s departing Sydney managing partner spoke of the firm’s progress on diversity as one of his proudest achievements rather than any basic financial sums – which, for the record, jumped from under $20 million to almost $50 million in annual revenues during his watch. The firm however didn’t have a single female partner when Lenton took the reins, with that figure improving to at least six out of 29 today, including a female COO.
“I’m incredibly proud of the changes and growth that we have achieved during my term as managing partner, and especially the significant improvement in diversity at all levels of the Sydney team,” Lenton stated. “As part of passing the torch to Andrew, we expect Nexia to continue to thrive under his leadership. His commitment to our people, our clients and our strategic vision make him a great choice to lead our talented team into the future.”
The handover coincides with Nexia taking up a new residence in the Sydney CBD, following the likes of bigger competitors Deloitte and BDO. Located at 2 Market Street, Nexia says its new office has been custom-designed and will cater to upwards of 250 staff, stating; “As part of our commitment to our people, clients, and environment, we’ve carefully selected a modern space that is comfortable, functional, inspiring, and environmentally considerate.”
Lenton concludes: “While we wanted and needed to grow, we never wanted the underlying culture to change, given we have something special here at Nexia. The strategic focus areas are strongly aligned to our core values and include a continued focus on diversity and developing our people, accelerating our digital capabilities in emerging fields such as ESG, cybersecurity, automation and AI, and maintaining our client-centric approach.”
