Nexia swallows Saffery Champness network
International networks of Smith & Williamson and Saffery Champness join forces
The international network of Smith & Williamson, Nexia, has merged with
the world network of Saffery Champness, SC International, to create an
international alliance with a combined turnover of $2.2bn (£1.1bn).
The new network will be known as Nexia International.
The network will be the ninth largest global provider of audit and accounting
services in the world. The tie-up is expected to be completed by 1 December this
year.
‘SC International is a strong fit for Nexia International and, like us, has a
reputation and culture for outstanding client service and for providing
high-quality advice and guidance,’ said Gareth Pearce the chairman of Nexia
International and head of Smith & Williamson in the UK.
Pearce said the addition of the SC network to Nexia would strengthen the
organisation’s presence in New York, thanks to the addition of J.H. Cohn, the
city’s largest independent firm. The tie-up will also boost capacity in mainland
Europe, South Africa, Mexico and Canada.
The merger of the networks will not however see the two UK firms pursue a
tie-up. ‘There have been no discussions and there are no plans to merge S&W
and Saffery Champness,’ said Jeremy Boadle, a director at S&W.
Further reading:
Smith & Williamson listing
delayed
Smith & Williamson reports staggering
growth
