Home' A Plus Magazine : Nov 2012 Contents Veteran members
24 November 2012
calls Stevenson, a past Institute president, a
veteran tax accountant and the chairman of
the Hong Kong Jockey Club. "Maybe we had
a longer learning path," he ponders. "Nowa-
days you might be thrown straight into the
When Stevenson first moved to Hong
Kong in 1970, he brought with him his love
for a game he played often as a schoolboy --
rugby. After holding nearly every office in
the Hong Kong Rugby Union, he is now presi-
dent. "Rugby has really developed in Hong
Kong and I've been involved in the Hong
Kong Sevens. It's been fortunate being in-
volved in things that have turned out quite
Rugby is of course not the only sport he
has a passion for. The Scotsman was elected
chairman of the Jockey Club in 2010 and
takes great pride in the club's charity work.
"The club's charity trust is just an amaz-
ing organization. Our donations last year
reached a record high of HK$1.73 billion in
one year. To be involved in it, I regard it as a
serious privilege," he said.
Stevenson, who also serves on the boards
of HSBC and the Mass Transit Railway Cor-
poration, looks back fondly at an eventful
four decades in Hong Kong.
He helped set up the accounting firm Tur-
quands Barton Mayhew in the city in 1974.
"There were two of us and we had 2,000
empty square feet in the Pedder Building. I
was actually involved with engaging staff to
start a business, buying second-hand furni-
ture to put into the office and ended up with
one of Hong Kong's largest accounting firms.
It was a marvellous experience," he says.
The firm grew with mergers including,
those with Whinney Murray Ernst & Ernst
that formed Turquands Ernst & Whinney in
1979, until the merger of Ernst & Whinney
and Arthur Young created Ernst & Young.
Just a week before that merger was an-
nounced, Stevenson was appointed senior
partner of Ernst & Whinney for Asia. "I was
dealing with people older than me, more se-
nior than me from across the world in pull-
ing the firm together."
While managing the rapid growth of the
firm was a challenge, Stevenson says man-
aging the insolvency of the Carrian Group
while he was at Ernst & Whinney in 1983
was one of the hardest tasks in his career.
Carrian's reach was so broad that it had
been a client of many accounting firms, which
eliminated them from the role of liquidator.
"Most major firms were out and we came in.
It was a major case for the firm globally."
Despite the firm's lack of insolvency ex-
perience they won the engagement.
"I'm a very competitive person, which
comes from sports, and I apply that to busi-
"The club's charity trust is just an amazing
organization. Our donations last year
reached a record high of HK$1.73 billion
in one year. To be involved in it, I regard it
as a serious privilege."
T. Brian Stevenson
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