2013 - October
Mazars Announces Merger with Nebis Services
03 Oct 2013 Category: Media Releases
3 October 2013 – Mazars LLP is delighted to announce the merger of Nebis Services into Mazars Singapore.
Nebis, under the leadership of Founding Partner Dominique Tan, brings to Mazars a complementary range of services and a dedicated team of staff. The portfolio includes local and international audit, accounting, tax and company secretarial clients.
“We are excited to welcome Nebis to the Mazars family,” said Denis Usher, Mazar LLP’s Managing Partner. “Dominique is a talented and ambitious partner with a good reputation and a committed team. They share our customer-centric approach and our drive to continue to establish Mazars as a trusted brand in the Singapore audit, accounting and advisory market. In a market where size provides many advantages it is strategically compelling to attract more like-minded teams to build and share the unique Mazars platform. We look forward to bringing together the best of Mazars and Nebis.”
Dominique Tan stated, “I had shared with the Industry Development team at the Institute of Singapore Chartered Accountants (ISCA), my ambitions to grow Nebis both domestically and overseas. One option we discussed was the possibility of a merger. I met up with a number of firms but I was impressed by the Mazars Partners and the commitment they shared to creating a serious alternative in the market. Mazars has been investing heavily in quality and training and in building a fantastic team culture. It’s something that I wanted to be a part of and which I believe will benefit my existing clients and staff.”
“ISCA is pleased to have played a role in facilitating the merger, as this is in line with our strategic goal to foster the development of SMPs. When we first met Denis as part of our Enterprise Development Helpdesk (EDH), he shared the direction in which Mazars was heading and enlisted ISCA’s help to link up potential firms who share the same ideals as Mazars. Our regular interaction with practitioners provided us the wonderful opportunity to learn about the needs and interests of our members. In the course of engaging Dominique on his request to help develop software for his clients, we learnt that Nebis could be a good candidate for Mazars.ISCA will continue to help our members look for the right M&A opportunity, where appropriate.” - Mr Yee Cheok Hong, Executive Director (Policy and Strategic Planning and Industry Development), Institute of Singapore Chartered Accountants (ISCA).
The facilitation of the merger is in line with ISCA’s strategic goal to support SMP development. With high demand for auditors among public accounting firms, talent attraction and succession planning are key issues for accounting firms. A practice merger, such as the Mazars-Nebis merger, is an avenue to create effective succession planning. The Institute is working on other initiatives to help its members, particularly the SMPs, to develop strategies to ensure their sustainability and growth. A succession planning seminar is planned to be held in October.
Dana Angeli Errazo
Corporate Communications Executive
Tel: +65 6224 4022
Institute of Singapore Chartered Accountants
Tel: 6597 5608 / 9641 6920
Mazars is an international, integrated and independent organisation, specialising in audit, accountancy, tax, legal and advisory services. Mazars can rely on the skills of 13,500 professionals in 71 countries. Mazars is also a founding member of the Praxity alliance, which extends service coverage to 30,000 professionals in 92 countries.
In Asia Pacific, Mazars has 25 offices in 14 countries with over 2,200 highly skilled and dedicated professionals, including more than 60 partners (international and local).
In Singapore, Mazars has 150 highly-qualified professional, including the regional management team. To support international clients Mazars in Singapore offers Chinese, French, Japanese and US Desks. The language capabilities include English, Mandarin, Cantonese, Tamil, French, Filipino, Japanese, Myanmese, Bahasa Malay, and Bahasa Indonesia. They are fully committed to serving the growing and diversified needs of both local companies and international firms.
About the Institute of Singapore Chartered Accountants:
Formerly the Institute of Certified Public Accountants of Singapore, the Institute of Singapore Chartered Accountants (“ISCA”) is the national accountancy body of Singapore. Working with government and industry to develop the accounting profession, ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community.
Possessing a Global Mindset, with Asian Insights, ISCA contributes to Singapore’s goal to be a global accountancy hub, by promoting and advocating for the interests of our members and the profession.
Established in 1963, ISCA shapes the accountancy landscape through its continual involvement in the profession’s development. Working in partnership with diverse stakeholders, including government agencies, global accounting organisations, professional bodies, employers, educators, and the public, we are dedicated to empowering our members to achieve their aspirations.
ISCA is a Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation, a prestigious title that is expected to come with global recognition and international portability. As the Administrator of the Singapore Qualification Programme (Singapore QP), ISCA aims to raise the profile of this post-university professional accountancy qualification programme, helping it to attain international recognition and promoting it as the educational pathway of choice for professional accountants.
There are currently over 27,000 ISCA members making their stride in businesses across industries in Singapore and around the world.
For more information, please visit www.isca.org.sg