In this and forthcoming issues of the Moore Asia Pacific newsletter, we will be featuring selected interviews of key individuals in the Moore Asia Pacific network. For this issue, we are excited to share a feature on Patrick Rozario from Moore Hong Kong, and David Holland from Moore Australia.
Patrick Rozario currently leads Firm Advisory Services in Moore Hong Kong, supported by over 25 years of experience in large international accounting firms and the commercial sector, including substantial experience in the areas of governance and risk advisory experience.
David Holland is the National Head of Technical Accounting at Moore Australia, and looks after client and in-house technical training and accounting technical advice. David is concurrently a board member of the Australian Accounting Standards Board (AASB), and is supported by over 20 years of experience encompassing technical advice and training, corporate development and strategic planning.
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Question: Can you share with us on your key responsibilities and roles in Moore Hong Kong?
Patrick: Currently, I am the head of Firm Advisory services in Moore Hong Kong, which currently comprises of 2 service teams. One service team provides risk management, governance and internal audit services to our clients. The other service team provides financial due diligence and valuation services to support our clients with their mergers and acquisitions transactions. Recently, we also brought in a team of experienced insolvency practitioners to form our firm’s Recovery Practice.
Question: What are your thoughts on how the Moore Global network can better enhance collaboration in your areas of expertise?
Patrick: I think supporting cross-border mergers and acquisitions transactions is one key area in which the Moore Global network can better collaborate. In my view, there will be a lot of opportunities in the areas of Corporate Finance and Mergers and Acquisitions in the post- Covid-19 business environment. Preparing ourselves for this, by gearing up our global capabilities and capacity in these service lines, will provide the network with a strategic edge in supporting global clients in this key service area.
Question: What kind of activities do you enjoy outside of work?
Patrick: I spend a lot of time on matters associated with the Luso-Asian community, which refers to people of Portuguese and Asian descent. Both my paternal and maternal families hail from a long history of Luso-Asian descent, with linkages to Macau, Malacca, Singapore, Shanghai, Goa, Ceylon and Timor over a few centuries. I am currently President of Club Lusitano in Hong Kong, which provides us with strong links to Portugal and other Portuguese-speaking countries, as well as the global Luso-Asian communities.
Question: Can you share with us your favourite quote and the reason why it appeals to you?
Patrick: The quote I wish to share is from Luís de Camões, who is, to date, considered the greatest Portuguese poet. He is best remembered for his epic work Os Lusíadas. In fact, the official name for the National Day of Portugal is translated as “Day of Portugal, Camões, and the Portuguese Communities”, and is celebrated on 10 June to commemorate Camões.
A good quote from Camões for the present time is “Mudam-se os tempos, mudam-se as vontades, Muda-se o ser, muda-se a confiança; Todo o mundo é composto de mudança, Tomando sempre novas qualidades.”
In English, this translates to “Time changes, and our desires change. What we believe—even what we are—is ever-changing. The world changes, which forever takes on new qualities.”
This quote reminds us that the world constantly evolves, and we must continuously prepare ourselves for new challenges.
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Question: Can you share with us on your key responsibilities and roles in Moore Australia?
David: My main responsibility is to provide technical training and advice on specific accounting issues to both the Moore Australia as well as the Moore Global network. In addition, I am a board member of the Australian Accounting Standards Board (AASB), which ensures the accounting standards meet the needs of not only listed and large organisations but also the public sector (government) as well as small, medium-sized and not-for-profit entities in Australia. Through this role at AASB, our clients can get direct input into the standard-setting process and a deeper understanding of how/why certain accounting standard amendments are developed and to be applied.
A significant part of my work over the last two years has been to assist clients and staff deal with the application of the accounting standards IFRS 9, IFRS 15 and IFRS 16, which prescribe the accounting for financial instruments, revenue and leases respectively. These 3 pronouncements represent, in my view, the most significant changes in the financial reporting arena in over a decade.
Question: What are your thoughts on how the Moore Global network can better enhance collaboration in your areas of expertise?
David: I think that in the technical arena, there are some truly wonderful and talented professionals within our network, each supporting their respective organisations. A coordinated effort to harness our global efforts in this area and improve collaboration can mean greater opportunities for cross-border consultation and sharing of technical views. It can also minimise duplication of technical effort across the network and enhance the potential for smaller firms to leverage on global efforts, for example in thought leadership, methodology development, and formulation of training.
Question: What kind of activities do you enjoy outside of work?
David: Golf is my favourite sport. I enjoy the challenge offered by the sport, and it also provides enjoyable social connection. I grew up playing at the same club as Stuart Appleby and Robert Allenby (PGA tour professionals), and particularly enjoy playing the old course at St Andrews Scotland, where my wife’s parents happen to live. Among my goals in life are to play at the Augusta National, and attend the Masters as a spectator.
Besides golf, I enjoy woodwork, because it is challenging, and also offers a useful and enjoyable tangible result. I particularly enjoy working with my dad on woodwork projects. My most challenging project is actually to build my own billiard table!
Question: Can you share with us your favourite quote and the reason why it appeals to you?
David: My favourite quote is “Either you run the day, or the day runs you.”
This quote reminds us of the importance of focusing our efforts on, and prioritising, what is most important to each and every one of us. Without such focus, there is a risk that we may fail to achieve anything meaningful despite being endlessly busy.
The editorial team will like to take this opportunity to thank Patrick Rozario and David Holland for the candid and thought-provoking sharing sessions, and their thoughts on strengthening network growth and collaboration.