EMBARGOED
0900 BST, 20 OCTOBER 2008
RSM INTERNATIONAL MAINTAINS CONTINUOUS GROWTH IN EUROPE WITH ADDITION OF LEADING FIRMS IN GERMANY
RSM International, one of the world’s largest accounting, tax and consulting networks, has established RSM Germany - a new network of firms in Germany. RSM Germany brings together 11 firms with a combined fee income of $150 million, ranking the network at number seven in the country. AWT Audit Wirtschafts-Treuhand AG (‘AWT’), and ALTAVIS GmbH (‘ALTAVIS’) are joined by eight former Moores Rowland Deutschland (MRD) firms and Dr Popkes Industrietreuhand AG (‘DPIAG’) to form the new RSM Germany network.
All firms will be shareholders in RSM Germany GmbH, consisting of over 1,000 people, offering full national coverage, and serving medium-sized and large national and international clients. This development continues RSM’s recent growth in Europe following the admission earlier this year of firms in Italy that propelled RSM to the fifth largest provider in the country.
The eight MRD firms, with MDS Moehrle in Hamburg and Verhülsdonk and Partner in Düsseldorf, Köln and Koblenz as its leading members, comprise 75 partners and nearly 900 total staff and bring to RSM Germany vast expertise in audit and assurance, tax consulting, risk advisory and compliance, as well as corporate finance, transaction services, legal and management consulting services. These firms are located in Hamburg, Bremen, Cologne, Dusseldorf, Dortmund, Wuppertal, Koblenz, Krefeld, Dresden, München, Stuttgart, and Kempten.
AWT provides assurance, tax advisory, corporate finance, accounting and consulting services to medium sized businesses, as well as audit services for listed clients. AWT has been a correspondent member of RSM since 1984 and currently has six partners and offices in Bamberg, Stuttgart, Munich, Berlin and Nuremberg.
ALTAVIS was established more recently - in November 2007 – and has offices in Berlin, Dusseldorf, Hamburg and Munich. ALTAVIS represents more than 100 employees, including 25 partners, with its main service lines in assurance, tax consulting and compliance, transaction services, corporate finance, corporate recovery and risk assurance.
DPIAG, located in northwest Germany, with offices in Leer and Papenburg and major activities in Magdeburg, is primarily an audit firm with some tax and accounting services and has three partners and 35 staff.
Jean Stephens, CEO, RSM International, said: “RSM has been growing rapidly all over the world this year with expansion and appointments of market leading firms in China, Japan, Italy, Israel, Ukraine and Turkey. Through RSM Germany we now offer the very best representation for clients with business interests in Europe’s largest economy. These firms joining RSM in Germany are a great fit with our culture and I am delighted to welcome them to our international network”.
Christian Roller, Managing Partner of the Munich office of ALTAVIS, who will co-run RSM Germany’s International Desk and co-ordinate international client services, said: “RSM International is seeing continuous growth in Europe having welcomed many strong firms to the network so far this year. Joining RSM Germany with these dynamic firms will create new and exciting opportunities for us as we execute our growth strategy.”
Ulrich Moehrle, a Senior Partner and Head of Tax at Hamburg based MDS Moehrle, a former MRD firm, will also lead the International Desk. He said: “RSM Germany consolidates our expertise with ALTAVIS, AWT and DPIAG. This will benefit RSM clients in Germany and internationally. Most of our client report under German GAAP or IFRS, and membership in RSM will also expand our capabilities in international accounting standards.”
In addition to the German and Italian firms, RSM has recently appointed strong member firms in China, Japan, Israel, Ukraine, and the Philippines, and has announced development groups in Central and Eastern Europe and the Middle East. Further appointments are anticipated in the coming months.
RSM International is an affiliation of independent member firms.
RSM International and its member firms are seperate and independent legal entities.
RSM International Limited does not practice public accounting or consulting in its own name.
RSM International Limited Registered in England & Wales.
Registration no: 4040598 Registered office: as above.
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Note to Editors
About RSM International
RSM International is a worldwide network of independent accounting and consulting firms. RSM International and its member firms are separate and independent legal entities. RSM International does not itself provide accounting or consultancy services. All such services are provided by affiliate members practising on their own account.
RSM is represented by affiliate independent members in 72 countries and brings together the talents of over 30,000 individuals in over 730 offices worldwide. The network’s total fee income of US$3.62bn places it amongst the top seven international accounting organisations worldwide. Affiliate member firms are driven by a common vision of providing high quality professional services, both in their domestic markets and in serving the international professional service needs of their client base.
RSM International is a member of the Forum of Firms. The objective of the Forum of Firms is to promote consistent and high quality standards of financial and auditing practices worldwide.
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