MaloneBailey Announces Three New Partners

Houston-based MaloneBailey (FY13 net revenue of $11.4 million) announced that senior audit managers Jeff Labay and Jimmy Thompson, have been promoted to audit partner in the Houston office and Jaddy Wang has been promoted to partner in the firm’s Shenzhen office in China.

Both Labay and Thompson started at MaloneBailey in 2006 directly from college. Wang joined the firm in 2010 as an audit manager and played a key role in opening the firm’s first overseas office in Shenzhen. All are integral to the firm’s in-house training and recruiting programs and they all serve as mentors to several MaloneBailey staff and seniors.

“They have worked extremely hard their entire careers here at the firm and deserve this new role,” says audit partner Jay Norris. “We know they will succeed in their new positions and will help us bring MaloneBailey to the next level of growth.

Labay’s focus is nearly exclusively dedicated to oil and gas companies, and 95% of his clients are upstream companies. Additionally, Labay has played a lead role in developing firm-wide oil and gas accounting and audit training materials.

Thompson specializes in audits of small and micro-cap public companies in a variety of industries and has experience with public company accounting issues, including stock-based compensation, reverse mergers, debt restructurings, derivatives and SEC financial reporting.

Wang oversees day-to-day operations in the Shenzhen office. She leads a team that focuses on conducting audits of financial statements and other assurance services, including special reports, SEC compliance, debt compliance, reviews of interim data, internal control reviews and more. Wang brings six years of Big 4 experience as an audit manager at the Houston office of Ernst & Young.