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News from Members Mazars Announces 15.9% Annual Growth Worldwide and Strategic Merger in China

Mazars Announces 15.9% Annual Growth Worldwide and Strategic Merger in China

by MAZARS Romania January 20, 2016

Website www.mazars.ro

In Romania, Mazars posts 5% business growth and appoints a new Director of Audit & Financial Advisory

Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax, legal and consulting services, announces 2014-2015 fiscal year results of €1.252bn. This figure is up by 15.9% as compared to the last year, driven mainly by 6.0% organic growth and 6.0% external growth - in particular from the merger with Roever Broenner Susat in early 2015.

In December 2015, Mazars finalized a merger with Chinese audit firm ZhongShen ZhongHuan, to create a full-service firm with the ability to support clients in 77 countries. This merger will bring together more than 1,800 professionals, including 83 partners, from 15 offices across mainland China. Recognized as a leader in the financial services industry (notably in the banking and insurance sectors), Mazars will combine its expertise with ZhongShen ZhongHuan’s market reach. With more talents joining in 2016, China is expected to exceed 10% of Mazars Group’s turnover. In 2015, Mazars also completed mergers in Germany, Australia, Mozambique and Cyprus.

• Mazars Romania: 5% annual business growth and expansion of the Audit & Financial Advisory team

In Romania, Mazars announces a new annual growth of its business and further expansion of the local team. Local revenues went up by 5% in the financial year 2014-2015 (ending August 31, 2015). The Tax Advisory annual growth of more than 15% and the successful launch of the new Financial Advisory Service Line brought the main contribution to this positive evolution of the firm.

On this occasion, Mazars Romania also communicates the expansion of the Audit & Financial Advisory team and the appointment of Ella Chilea as Audit & Financial Advisory Director, a newly created position. Ella previously held the position of Senior Audit Manager with Deloitte Romania, where she worked for 14 years. In her new role, Ella will be responsible for strengthening the capabilities in the Audit & Financial Advisory Department, supporting the management of the department in coordinating the audit activity and further developing the practice by providing quality support to clients. Ella has an extensive experience in performing audit and assurance engagements, advisory projects and due diligence projects for both Romanian companies and large international groups from industries such as oil & gas, telecommunications, retail and manufacturing.

Vasile Andrian, Partner, Head of Audit & Financial Advisory: “Following the positive business evolution, we continue to expand our team and diversify the specialized support offered to our traditional and new clients. We are glad to have Ella in our team and work together to address the wide-ranging challenges that companies face nowadays and further increase the complexity of the support offered to major investors in Romania”.

Ella Chilea, Audit & Financial Advisory Director: “I am glad to join such a dynamic and ambitious team. I am looking forward to playing my part in delivering high quality support to Mazars’ clients and setting new milestones together with my colleagues, in expanding the audit and financial advisory practice.”

The new Audit & Financial Advisory Director is member of the Association of Chartered Certified Accountants (ACCA), the Chamber of Financial Auditors of Romania (CAFR) and Body of Expert and Licensed Accountants of Romania (CECCAR). She holds a MSc degree in Auditing and Managerial Accounting from the Bucharest University of Economic Studies.

Mazars has 20 years of experience in offering support to large investors in developing their businesses in Romania. Over the last two years, following the merger with the local firm Adevaris, Mazars has consolidated its market position in top 5 firms specialized in audit, tax advisory, accounting & payroll outsourcing.

About Mazars
Mazars is an international, integrated and independent organisation, specialising in audit, accountancy, tax, legal and advisory services. As of 1st January 2016, Mazars and its correspondents operate throughout 93 countries, out of which 77 are part of the Mazars integrated partnership and 16 are Mazars correspondents. The firm draws on the expertise of 17,000 professionals to assist major international groups, SMEs, private investors and public bodies at every stage of their development. Globally, MAZARS is the sole audit, financial and tax advisory firm that, in the spirit of transparency, publishes consolidated accounts, audited in accordance with IFRS.
In Romania, MAZARS has a 20 years of experience in audit, tax, accounting & payroll and advisory services, being active on the market since 1995. The local team comprises 150 professionals.

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