Mazars finalises merger with Chinese audit firm ZhongShen Zhonghuan
Mazars has announced the finalisation of a merger with audit firm ZhongShen ZhongHuan of China.
The deal marks the end of the merger process which began in December 2015, and will see Mazars significantly expand its reach across mainland China as it adds more than 1,800 professionals spread across 15 offices to its existing 16,000-strong global team.
The firm, which specialises in audit, accountancy, tax, legal and consulting services, hopes to improve its support to Chinese clients pursuing internationalisation thanks to its presence in 77 countries worldwide.
Philippe Castagnac, CEO of Mazars and Chairman of the Executive Board, said: “After the integration of an important German structure in 2015, this operation in China is not only a significant boost to Mazars’ presence and capacities, but also an undertaking for additional development within one of the world’s leading economies.
“If we look ahead, the merger between Mazars in China and ZhongShen ZhongHuan is only the beginning. The unique partnership model is attracting more organisations and teams, which is bringing about more development projects in 2016.”
The move sees Mrs Zhang Liwen, Chief Chartered Accountant of ZhongShen ZhongHuan, joining the Mazars Group Executive Board. Mr Shi Wenxian, Chief Partner of ZhongShen ZhongHuan, joins the Mazars Group Governance Council.
Access free online guidance for North East businesses in the Growth Hub North East's COVID-19 toolkit →