Merger creates a global compliance and reporting firm Print
Company News - Company News
Thursday, 07 July 2011 06:05

A world leader in corporate compliance and reporting services has been created, following the merger at group level of TMF Group and Equity Trust. The two worldwide providers of global accounting, corporate secretarial and HR & Payroll services work for over 50% of the Fortune 500 companies.

The merged group will be known as TMF Group and have combined revenues in excess of €400 million. With more than 100 offices, in over 75 countries, it will offer clients and intermediaries a broad range of cross-border services across the globe.

The new business will employ more than 4,000 people, made up of qualified accountants, lawyers, and corporate secretaries, HR and other professionals. These experts will help businesses expand seamlessly across borders, taking care of compliance requirements and other administration burdens, while allowing clients to focus on their global ambitions and core competencies.

Services will include: Accounting and Reporting – a complete range of management accounting and statutory reporting services, including the preparation and consolidations of reporting in any major standard (GAAP, IFRS).

Legal Administration – full company establishment and management services in any jurisdiction in the world and ongoing corporate secretarial support, process agent, registered office and registered agent services. The company is also able to offer local directors and shareholder structures where required.

HR and Payroll – ensuring global HR policies, contracts and benefit schemes are comprehensively implemented and payroll payments are made securely.

Commenting on the merger, Hugo van Vredenburch, co chief executive officer of TMF Group, said: “The new TMF Group is unique in its focus on helping businesses globalize. Our professionals around the world help clients expand seamlessly across borders.

“This is an historic moment for both businesses. Creating the world leader in this industry has been the ambition of both companies for several years, and today we have realised this goal. Together, we have a huge global reach – and the right people and services.”

Frederik van Tuyll, chief executive offiver of Equity Trust, adds: “The two companies have strong foundations and share the same values, helping businesses globalize their operations. This, coupled with the combined group’s local knowledge and global reach, makes TMF Group a powerful force in today’s marketplace.

“The skills sets are complementary, our cultures are very similar and both companies have the same ethos: clients come first,” comments Maria van der Sluijs-Plantz, co chief executive officer of TMF Group. “By merging our two businesses, we have created an international pool of professionals, focused on providing worldwide client solutions. Clients can now draw on the very best knowledge and expertise around the world, through a single point-of-contact, to help them achieve their goals.