KPMG to form stronghold in Japan
Japanese accountancy partner Asahi has agreed to become a member firm of KPMG International, turning KPMG into the largest accounting organisation in Japan.
In an agreement reached yesterday, Asahi will strengthen KPMG’s existing Japan organisation, Azsa. Together they will generate some £320m of fee income and employ more than 3,000 partners and staff.
‘This furthers our strategy to continue to strengthen our capabilities in Asia Pacific – we see Japan as a key economy in the region,’ said Mike Rake, chairman of KPMG International.
‘This marks the beginning of a new phase for KPMG, and demonstrates our continued commitment and investment in the wider Asia Pacific region, which includes a major investment in China.’
Asahi and KPMG International became accounting and business partners last year, though they maintained their separate identities.