RSM strengthens African representation
RSM admits fifth-largest firm in Nigeria into its network
RSM INTERNATIONAL, the seventh-largest global network of independent audit, tax and advisory firms, has strengthened its presence in Africa with the admittance of SIAO Partners, Nigeria’s fifth-largest accounting firm by revenue, to the network.
SIAO is headquartered in Lagos and has offices in the Federal Capital Territory, Abuja and Ekiti State. Their average annual fee income is currently $3.2m (£2.1m).
The firm currently has five partners and over 100 staff, and is looking to increase its headcount and expand its outreach in Nigeria. The main sectors served by the firm are the government, power, manufacturing, financial services and oil and gas.
Jean Stephens, CEO of RSM said: “I am delighted to welcome SIAO to RSM and am very encouraged about the development of our network in Africa, where we already have strong member firms in Botswana, Kenya, Mauritania, South Africa and Tanzania as well as our North African member firms.
“SIAO offers a broad service capability through its established local and international relationships, and operates across a number of sectors, offering the depth and breadth of service we look for in a member firm.”
The RSM International network has seen significant expansion in the past twelve months with the admission of member firms in Bangladesh, Croatia, Finland, Honduras, Iraq, Latvia, Nicaragua, Palestine, Serbia, Sweden, Switzerland and Vietnam.
However, its UK firm RSM Tenon was bought by Baker Tilly in August through a pre-pack administration.