UHY International expands in Middle East & Europe

by Rachael Singh

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22 Jan 2014

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Ladislav Hornan

UHY INTERNATIONAL has expanded its member firms with Europe and the Middle East appointments.

The international network appointed Montenegro-based Mont Audit Plus, which has a team of 12 including four partners. The firm provides audit, consulting, assets' and capital valuations. It will rebrand later this year to UHY Mont Audit.

Quatar-based McKenzie Shaw Ltd also joined the international network and will rebrand as UHY Ammo & Co. It has 16 staff including four partners and provides IT, audit, tax and management advisory services for companies and government sectors in the Gulf region.

McKenzie was established in 2005 in the UK with the Qatar branch now part of the UHY International network but not the UK practice.

Ladislav Hornan (pictured), chairman of UHY, said: "Qatar is currently undergoing a transformation under the National Vision 2030 to achieve an advanced, sustainable and diversified economy. It is also expected to become one of the fasted growing economies in the world in the next decade."

He added: "Montenegro is a growing economy and with impending membership of the EU and NATO attractive to foreign direct investments."

UHY International was ranked 15 in the Accountancy Age Top 35 Networks 2013, based on fee income, which was £622m.

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