These are interesting times for Saffery Champness. The international network
of Smith & Williamson, Nexia, has merged with Saffery’s global network, SC
International, to create an international alliance with a combined turnover of
upwards of £1bn.
The network, which will be known as Nexia International, will be the ninth
largest global provider of audit and accounting services in the world once the
deal completes in December 2007.
The merger of the networks will not, however, see the two UK firms pursue a
So, for now at least, the 57-partner firm is planning its future alone. And
with fee growth of 13% in the year to March 2007, the firm (placed 16th in the
Accoutnancy Age Top 50 with revenues of £44.7m) appears to have little to worry
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Satvir Bungar promoted to managing director in the mergers and acquisitions team