Andersen Global enters Australian market with A&A agreement
Andersen Global, an international association of professional services firms, has kickstarted its foray into Australia.
Founded in 2013, by former leaders of Arthur Andersen – formerly one of the Big Five accounting and consulting giants which ceased to exist following its role in the Enron scandal – Andersen Global has rapidly grown into one of the globe’s larger networks of member firms. Today, the group has more than 6,000 professionals worldwide in nearly 198 locations.
Australia still was a blind spot in the network’s footprint, but that has now changed. With the admission of Melbourne and Sydney-based firm A&A Tax Legal Consulting into its ranks, Andersen Global now enjoys an on the ground presence in the world’s 13th-largest national economy by nominal gross domestic product.
According to Andersen Global chairman and chief executive Mark Vorsatz, working with A&A forms a strong starting point in its plans to expand across Australia, and the Asia-Pacific region.
A&A Tax Legal Consulting was founded in 2010 by Managing Partner Cameron Allen, a former partner at Deloitte and senior manager at EY. The firm offers a range of indirect tax solutions as well as global mobility tax, business implementation and processing, corporate services, legal, corporate finance and transfer pricing services to both local and international clients.
Vorsatz: “Cameron and his team of experts have extensive experience and an excellent reputation in the market, which provides a strong anchor for our organisation in this region.” Meanwhile, the chief executive expects that A&A will be able to complement Andersen Global’s service portfolio at the global level.
Meanwhile, for the Australian consultancy, the deal will help strengthen its current service lines and broaden its reach. “We are eager to collaborate with all the Andersen professionals worldwide to bring the best solutions to our clients, and in addition, this collaboration will allow our people to expand their opportunities.”
As part of the agreement, A&A will undertake a name change by the end of 2021.
Earlier this year, US consulting giant Slalom entered the Australian market with Sydney and Melbourne offices, while UK management consultancy Elixirr launched a Sydney locale after already undertaking work on the ground for over a year.