29 November 2010
Moore Stephens today announced a dramatic expansion of its Australasian network with the addition of the seven member firms of the Markhams network in New Zealand.
With the addition of the Markhams firms, formerly part of the Praxity Alliance, Moore Stephens now has member firms in Auckland, Wellington, Christchurch, Dunedin, Hawke’s Bay, Wairarapa and Wanganui. The New Zealand member firms comprise 30 Partners, 175 staff and annual turnover in excess of NZ$25 million.
Mr Stephen Humphrys, Moore Stephens Australasia Chairman, said the appointment of the Markhams firms was an outstanding result for the Moore Stephens network. "We have been looking to expand our New Zealand presence for some time," Mr Humphrys said. "Key for us was finding a firm or firms that shared our vision for the future and our commitment to the success of our clients and our people.
"The Markhams firms not only meet all these criteria, they also bring to our network extensive technical expertise across a wide range of service areas, deep industry knowledge and a well deserved reputation in their markets for quality work and successful outcomes for their clients," Mr Humphrys added. "With great coverage across both islands and our eight Australian member firms in key locations, Moore Stephens is now uniquely placed to service clients who choose to do business in the region."
Mr Dan Druzianic, Markhams Chairman, said joining Moore Stephens was key to the future growth of Markhams member firms. "The Moore Stephens Australasian and international networks have delivered to us the coverage, contacts, resources and, critically, the support we need to grow our firms," Mr Druzianic said. "We were delighted to find in Moore Stephens a network that genuinely gets behind its members to facilitate their success and the delivery of successful outcomes to clients.
"Many other networks and alliances make decisions about the suitability of member firms based on arbitrary minimum size thresholds," Mr Druzianic added. "This simply doesn’t work in New Zealand due to the size and nature of our market. In addition to all the other benefits Moore Stephens brings to our firms, its pragmatic and ‘big picture’ approach to the development of its network and its complete commitment to supporting our future success gives us great comfort that we have made the right decision."