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Mazars to merge with Chinese audit firm ZhongShen ZhongHuan

Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax, legal, and consulting services, is strengthening its international position by merging with Chinese audit firm ZhongShen ZhongHuan.

In China, Mazars operates its four offices including Beijing, Guangzhou, Shanghai and Hongkong. 

The deal follows mergers in Germany, Australia, Mozambique, and Cyprus during 2015, and will add 1,800 professionals to Mazars’ existing global team of 16,000, creating a full-service firm with the ability to support clients in 77 countries.

Philippe Castagnac, CEO of Mazars and Chairman of the Executive Board, states that, "after the integration of an important German structure in 2015, this operation in China is not only a significant boost to Mazars' presence and capacities, but also an undertaking for additional development within one of the world's leading economies."

Rob Hurenkamp, Managing Partner of Mazars in Thailand, said, "This opportunity will allow the firm to better support Chinese companies seeking to invest in Thailand and in the other way round."

Mazars has an office in Bangkok which combines the benefits of an integrated global partnership with the entrepreneurial drive of the senior advisors. It has enjoyed strong growth over the last 15 years, and has achieved a leading position in the market, for audit, accounting, tax, legal and business advisory services. A key feature of the practice is the multinational composition of its advisors, with British, French, Thai, Dutch, Japanese, and Australian nationals among its senior advisors.

Last year, Mazars Thailand stated that its revenue grew by 31.9% compared to the previous year, consisting of 18.2% due to organic growth and 13.7% as a result of foreign exchange differences.

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