Hong Kong's initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector. KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year. "We also expect 2026 to be a pivotal year for hi-tech listing ...

Core Insights - BDO has appointed Mark Sykes as the new permanent Head of Consulting in the UK, having previously overseen the consulting practice on an interim basis since mid-2025 [1][2] - Sykes brings a wealth of experience from his tenure as an audit partner and his work in public sector IT outsourcing, focusing on business modelling and commercial negotiations [2][4] - Sykes aims to leverage the relatively new consulting team at BDO to provide high-quality expertise in areas such as digital, cyber, AI, ESG, procurement, business process optimisation, risk consulting, and people advisory [3][5] Company Overview - BDO LLP operates a network of 18 offices across the UK and employs around 8,000 staff, offering services that include tax, audit and assurance, and various advisory services [5] - The firm is part of the global BDO network and has emphasized the importance of not accepting external equity investments for its member firms [6] Leadership Vision - Mark Sykes expressed enthusiasm about his new role, highlighting the opportunity to help mid-market clients improve their performance without the constraints faced by more established competitors [2][3] - Leigh Treacy, head of BDO's Consulting, Risk and Outsourcing practice, noted Sykes' passion for helping clients scale and embrace technology, positioning him well to drive growth in the consulting business [5] Professional Background - Since joining BDO in 2013, Sykes has been instrumental in modernizing finance processes and establishing a Financial Planning and Analysis service line [4] - He has also led the Entrepreneurial Business division, assisting companies in overcoming growth barriers and transitioning to private equity or public offerings [4]