KS International (KSi) and Morison International (MI) have merged to form a $1bn (£700m) strong international association.
The name of the new association will be Morison KSi and will have 1,201 partners, 8,990 professional staff across 375 offices in 88 countries. The merger will be effective as of 1 April 2016.
The merger provides MI with a strong UK member in Kingston Smith, the top 20 firm and founding member of KS International, and expanded US representation. For KSi, the merger provides a ‘solid platform’ to accelerate the association’s growth ambitions, the associations said in a joint statement.
Mark Levenfus, managing partner of Marks Paneth in New York, will serve as chairman. Graham Tyler, partner and head of business development at Kingston Smith will serve as vice chairman. Liza Robbins will be CEO of the merged association.
“After overseeing 26 years of year-on-year growth and record levels of business referred around the world, this merger provides a greater footprint for KSi to pursue new opportunities, build stronger connections for clients and ultimately enhance our service offerings,” said Sir Michael Snyder, chairman of KSi.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars