FORMER PwC restructuring partner Bruce Cartwright has been appointed to be the new chief executive of the Institute of Chartered Accountants of Scotland.

Mr Cartwright will succeed Anton Colella who is leaving in March after almost 11 years in the post.

ICAS said information on what salary Mr Cartwright would receive was not available but would be included in its accounts for 2018.

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The 2016 accounts show Mr Colella enjoyed a £416,000 pay package last year.

Mr Cartwright said he looked forward to building on the successes of recent years to help deliver on the institute’s vision of becoming the leading global professional community.

“The global accountancy profession faces an unprecedented period of potential disruption,” he noted. “As chief executive of ICAS, my role is to ensure that we remain as relevant and leading in the future as we have been in the past.”

Mr Cartwright will focus on partnerships within the global accountancy profession, growing the membership of ICAS and building on the strength of its member communities around the world.

ICAS represents around 21,000 chartered accountants in more than 100 countries around the world. It had around 16,700 members in 2006.

Transport tycoon Sir Brian Souter, who chairs ICAS, said Mr Cartwright’s appointment was a strong signal of the institute’s ambition to build on its established reputation globally and in its historic heartlands in Scotland.

Mr Cartwright qualified as a chartered accountant in 1989. The Edinburgh university graduate left PwC last December after 15 years as partner in charge of the Scottish restructuring unit. He became director of policy leadership at ICAS in May.

PwC achieved £652,000 profits per partner in its latest financial year.

Mr Colella will become chief executive of the Moore Stephens International accountancy network next year.