Robert Crockett
Robert Crockett, an associate partner with EY in the Cayman Islands, has been selected to join the business and intangible asset valuation board of the International Valuation Standard Council (IVSC).
The IVSC is a non-profit, private sector organisation that establishes the International Valuation Standards and promotes their global adoption.
Crockett is the only offshore Caribbean-based board member at the council.
“I am delighted to be joining the IVSC’s Business Valuation Board. The IVSC Standards provide key guidance for valuation professionals globally to underpin consistency, transparency and confidence in valuations,” he said. “I am excited to bring an offshore financial centre and private equity portfolio perspective to this process.”
The council said in a press release that all new board members join at an important time, following the launch of the updated International Valuation Standards (IVS) in January 2024 and ahead of the upcoming agenda consultation later this year.
“Their diverse backgrounds and international expertise will be instrumental in guiding the evolution and relevance of global valuation standards, bringing fresh ideas and perspectives to the IVSC’s work,” the organisation said.
IVSC updates its board composition annually, appointing members for an initial three-year term to ensure a diversity of expertise and perspectives.
The new board members come from a range of backgrounds, including academia, standards setting organisations, professional bodies, investment, and professional services.
Richard Stewart, chair of the IVSC Business & Intangible Assets Board said, “Our new board members join us at an important stage in the evolution of valuation standards, bringing fresh insights that will be crucial for our Agenda Consultation later in 2024.
“Their involvement is timely and will be crucial in steering the conversation and ensuring our standards remain at the forefront of valuation practice,” he added.
