RSM, a leading global assurance, tax and consulting services provider to middle market businesses, has announced an operational merger of six member firms to form RSM Central America.
Operating as a shared services hub, RSM member firms in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama will combine to build upon their provision of assurance, tax and consulting services to a growing market.
As a dynamic and evolving region, RSM is supported by hundreds of talented professionals delivering support to clients in Central America under a common purpose. The move builds on RSM’s strong growth trajectory, through the organisation having recorded a third successive year of Central American growth with combined revenues of US$9.1m in 2023.
A solid platform for RSM’s growth in Central America additionally comes amid a 20% rise in the organisation’s consulting revenues in 2023, and revenue growth of 32% across all services since 2020.
With economic integration proving key to Central America’s trade dynamism, the region’s rich tourism, coffee, sugar, clothing and petroleum sectors provide potential for RSM to support clients achieve strong and sustainable growth.
Commenting on this, RSM chief executive officer, E.J. Nedder, said: “Succeeding together is a key and fundamental value that guides RSM and its clients. Integration in Central America therefore signals an exciting evolution for our organisation.
“With a continuous focus on quality, RSM in Central America enables our teams to tailor their support and provide both confidence and clarity to businesses in Central America.
“Expanding the variety of services we provide through this new delivery model will unlock opportunities for clients, which underpin their areas of potential growth and their needs in order to navigate business complexity.”
RSM International regional leader for Latin America, Eileen Turkot, added: “RSM in Central America stands ready to combine its long-held expertise as a working partner to clients to maximise the rich opportunities in the region.
“Many of the innovative technology consulting services offered by RSM member firms can be delivered seamlessly across borders, so this new go-to-market approach makes sense for both the clients we serve and our people.
“In this new delivery model, services provided by our Central American member firms do not alter any existing arrangements with RSM’s clients. For growth-focused businesses and our professionals, this builds upon the outstanding support we already to provide innovative, dynamic and digitally driven solutions.
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RSM Costa Rica board president, Thomas Alvarado, concluded: “Partners and staff at RSM, who closely monitor the pulse of the region and its business sectors, recognise that now is the time to advance towards a strategic integration that enhances the experience for our clients and our talent.
“The strategic pooling of resources will unlock a range of opportunities for local and international middle market businesses which in many instances have a regional approach to their operations.
“The market will have access to a broad and diverse network of experts ready to offer integrated solutions based on local knowledge, with a regional outlook and global reach.”
“RSM launches new hub in Central America” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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Publish date : 2024-08-01 23:54:00
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