Audit firm Mazars merges with US-correspondent firm Weiser
MAZARS ROMÂNIA S.R.L. - 15 April 2010
Mazars, an international group specialised in audit and advisory services, welcomes Weiser, a well-established New York - based firm, within its international integrated partnership as a natural evolution of a 10 year common history via a joint venture agreement.
Mazars and Weiser, which employs more than 650 professionals and has a turnover of €100m ($ 135m), have maintained a close and fruitful relationship for the last ten years via a joint venture agreement.
Patrick de Cambourg - Chairman and CEO of Mazars and Douglas A. Phillips - Chairman of Weiser, decided to go further and fully merge the two entities to better serve their clients across the world. Partners from both entities have voted to incorporate 74 Weiser partners into Mazars' international integrated partnership.
The deal marks a new stage in the Mazars' international development, and means that the firm will be served now by 12,500 professionals, including over 680 partners.
Patrick de Cambourg, Chairman and CEO of Mazars says: 'We have worked with Weiser for ten years via a joint venture agreement. This merger is the result of our excellent relationship, our shared values and commitments to offering high quality services to our clients. This enhanced relationship is a natural development based on our mutual trust. We are delighted to welcome Weiser into our partnership. They are a first-rate firm with an excellent reputation in the New York market. It is an important step in Mazars' development and our clients will benefit from the formal combining of our services in the US market.'
Douglas A. Phillips, Chairman of Weiser, added: 'Serving our clients means helping them on a global level, beyond borders. This is why we made the choice to develop an international joint venture with Mazars in 2000. Today, we are happy to develop our relationship with Mazars by fully joining the Mazars international integrated partnership as we know that when like-minded professionals work together, they obtain excellent results.'
A video interview with Patrick de Cambourg and Douglas Phillips is available: http://www.mdatastorage.com/webtv/20100406/ext_en.php
A second Update to the 2008/2009 Mazars Annual Report was issued, that presents this major event and other recent international developments: the integration of Pakistan, as part of Mazars' approach to emerging markets, and two new correspondent agreements with Greece and Kenya. You may find the report and all updates at the following link: http://annualreport.mazars.com/. Mazars Group remains the only worldwide organisation, providing audit and consultancy services, to publish an annual report including its consolidated accounts at an international level under IFRS standards and jointly audited. This year, the annual report also includes a Group Transparency report and a report dedicated to social and environmental responsibility.
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Mazars is one of the strongest players in the Romanian audit and consultancy market, ranking the sixth highest among them, with a turnover in 2009 worth approximately EUR 4 million. The local team includes about 100 experts (auditors, accountants, tax consultants and lawyers) who adjust their approach to the specific requirements of every client, irrespective of such client's size, industry or purpose. The privileged business partnership with clients, along with a vast expertise, high qualification and experience acquired by company's experts in compliance with the Romanian, French, German or British legislation, represents one of the strong points of Mazars team.
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