KRP LLP COVID-19 response

KRP LLP: A new name, new leadership and a bright new outlook for the decade to come

KRP LLP announces new firm name

After nearly 50 years providing accounting services to entrepreneurs across the Greater Toronto Area, the time was right to take our firm in a bold new direction, just as we plan for an exciting decade of growth and renewed success. That meant delivering some important changes and enhancements designed to provide even better service to organizations such as yours.

It starts with an announcement around one of the most fundamental aspects of our business—the name. Effective immediately, Kestenberg Rabinowicz Partners LLP will be known as KRP LLP. The shortened moniker is reflective of our growth as a company, changes across our industry and the evolution of our leadership structure over the years. The new branding is symbolic of our one-team approach to client service and our focus on reducing complexity for our clients at every turn.

But the most notable change that we have to announce comes at the top.

As the next step in our firm’s carefully-planned leadership succession strategy, Managing Partner Marshall Egelnick has handed over the leadership reins to long-time partners Armando Iannuzzi and George Grignano. The pair will serve as Co-Managing Partners moving forward, bringing a dynamic new vision to their roles as KRP pursues new growth in key market segments and across service lines.

Egelnick will continue to serve his client base and will be available to provide insights and expertise to the Co-Managing Partners as they work to achieve a renewed set of operational priorities.

“This is an exciting time for KRP and I’m very pleased to be assuming leadership duties with my colleague and friend George Grignano,” Iannuzzi said. “Our firm has spent decades solidifying its position as a leading provider of accounting, tax, assurance and consulting services for entrepreneurs, and we remain steadfast in our commitment to providing the kind of strategic advice that top executives need to meet their business objectives.

“None of this would be possible without Marshall’s astute leadership and expertise, which we’ll continue to leverage as part of this succession plan.”

Grignano added: “Marshall has been instrumental in the success of our firm throughout his career. His focused attention to detail and relentless commitment to service improvement has helped to crystallize a culture of excellence that has come to define the KRP brand.

“We look forward to carrying on that legacy and helping our fast-growing client base manage challenges, just as we help them develop innovative strategies to capitalize on emerging market opportunities.”

Egelnick joined KRP in 1980 and took over as Managing Partner in 2014, replacing Founding Partner Ralph Rabinowicz—since retired—in the position. With more than 45 years of experience as a Chartered Professional Accountant, his role as a trusted advisor in areas such as tax compliance and planning, financial management, trust and estate planning and assurance—and across industries such as contracting, manufacturing, the not-for-profit sector and professional services—has cemented his reputation as a keen problem solver and helped build decades-long client engagements.

As his eventual retirement neared, Egelnick and the other partners took great care to ensure a smooth and successful management transition.

“I’m extremely pleased that George and Armando will be guiding our firm into a bright new decade,” Egelnick said. “I’ve watched as both have grown as professionals, as industry leaders and as trusted partners to their clients, and I can’t wait to see how they leverage their experience and expertise to further enhance our service offering.

“Strong relationships have been the key to our success as a firm, and that’s a lasting legacy that George and Armando will carry forward in their new roles. We’ve always been dedicated to treating clients’ businesses as if they were our own, being passionate in our advice and advocacy on their behalf and delivering accounting advice they could trust. They—and our firm—are in wonderful hands going forward.”

As part of his new role, Iannuzzi also assumes a seat on the board of Russell Bedford International, a global network of independent professional services firms of which KRP is a long-standing member. The firm has further entrenched its involvement in the network in recent years in an effort to provide more robust international accounting, tax and strategic consulting services to Canadian organizations exporting or expanding abroad, along with companies doing business in Canada.

For more information on KRP’s leadership transition, please feel free to contact one of our partners.

The KRP Team

KRP

enquiries@krp.ca