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02/18/2010 13:49
What's New
| SSBV Members Set To Adopt the RICS Mark Demanded By Financial Institutions, Corporations, Governments and Organizations NEW YORK – February 18, 2010 – In a development that will bring business valuers worldwide closer together and help align global valuation standards, The Society of Share and Business Valuers (SSBV) and RICS have announced a route to direct full membership in RICS for SSBV members. By accepting the invitation, SSBV members will operate under the RICS designation, which, increasingly, is demanded by the world’s largest financial institutions, corporations, governments and organizations that depend on the consistent and reliable valuations provided through RICS standards. “SSBV is the premier business valuation group in Europe,” said Mary McCarter, FRICS, CFA, FASA, and member of the RICS Americas Valuation Council – Business Valuation Board. “Just like RICS, they are focused on aligning global business valuation standards with IVSC (The International Valuation Standards Committee) and on providing education on international standards.” SSBV members operate throughout Western Europe and are professionals specializing in the valuation of shares and derivatives, businesses, intellectual property and other intangibles. SSBV members advise their clients on valuations for commercial, taxation, dispute resolution and financial reporting purposes. Many also act as expert witnesses – just as RICS members engaged in business valuation do in the Americas. This close coordination between the two organizations ties SSBV’s small but influential group of practitioners to RICS’ global reach and multidisciplinary composition. With SSBV members on board, RICS’ valuation professional group will introduce a specialist designation for those who are qualified and practice in business valuation. The current leadership of SSBV will also be invited to play an integral part in shaping the business valuation discipline within RICS following transfer of membership. “This is the first great international step to coordinate the business valuation profession,” said Bruce Bingham FRICS, FASA, and vice-chairman of the RICS Americas Valuation Council. “RICS already works with other valuation organizations in North America, such as the American Society of Appraisers and the American Society of Farm Managers and Rural Appraisers, to align and clarify valuation standards and methods.” Membership is open to all existing full SSBV members who will be offered direct entry into RICS. As leading professionals in the field of intangible asset and business valuation, they are well known for their expertise and excellence and as such possess the high standards of practice that are synonymous with the RICS brand. “RICS has been working closely with the council of the SSBV and existing RICS members in developing our approach to valuation of intangibles and businesses as a specialist skill,” said Max Crofts, RICS President. “This group of highly skilled professionals represents the core of an important valuation discipline which will create a center for excellence and thought leadership within the field of business valuation within RICS.” ###
About SSBV The Society of Share and Business Valuers (SSBV) was formed in 1996 to provide a unique forum for specialist valuers in the United Kingdom. The SSBV provides members with a learning and business network. The SSBV members are professionals specializing in the valuation of shares and derivatives, businesses, intellectual property and other intangibles. Members advise their clients on valuations for commercial, taxation, dispute resolution and financial reporting purposes. Many members also act as expert witnesses. Full members of the SSBV are amongst the most experienced and senior practitioners in the field of share and business valuation. About RICS & RICS Americas RICS (Royal Institution of Chartered Surveyors), with headquarters in London, is the leading organization of its kind in the world for more than 100,000 professionals in property, land, construction and related environmental issues. RICS Americas, based in New York and covering North, Central and South America and the Caribbean, has more than 2,000 members in commercial and residential development, construction and project management, brokerage, planning and finance, valuation and fine arts appraisal. For further information visit www.ricsamericas.org or e-mail ricsamericas@rics.org. |