Asahi & Co has become a member firm of KPMG International in Japan. Asahi and KPMG entered into a co-operation agreement 10 months ago and since then they have been working together to strengthen their relationship.
KPMG will be the largest of the major accounting and business advisory organisations in Japan, with a combined fee income of around $500 million, and more than 3,000 partners and staff.
In addition, it will now have one of the largest networks of Japanese speaking professionals serving Japanese corporations throughout the world.
Mike Rake, chairman of KPMG International, said: “We are delighted to welcome Asahi as a new member of our international network. This furthers our strategy to continue to strengthen our capabilities in Asia Pacific. We see Japan as a key economy in the region.”
Commenting on the implications for the UAE, Vijay Malho-tra, area managing partner of KPMG Lower Gulf, said: “Japan is one of the most significant trading partners of the UAE. We already have a good representation of Japanese clients and this association facilitates even greater opportunity to provide them with the quality assurance, tax, and financial advisory services which clients expect from KPMG.”