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RSM International, the world’s sixth largest international accounting and consulting organisation has admitted Chio Lim Stone Forest, Singapore’s largest homegrown accounting and consulting firm.
Chris Connor, Chairman of RSM International said: “Our vision at RSM International is to be the provider of choice for internationally active growing organisations. Chio Lim Stone Forest has the range of skills to enhance RSM International in this region and fits our long-term strategy in this important Asian market. This partnership creates a strong offering to mid-sized companies around the world to do business in Asia.”
Chief Executive Officer of Chio Lim Stone Forest, Chio Kian Huat said: “Singapore businesses continue to venture abroad for growth. They can leverage our alliance with RSM International for seamless support worldwide and being part of RSM International will help us better serve our clients in competing in the global markets. With RSM, we are better positioned to serve internationally active and growing businesses worldwide. It will also bolster Chio Lim Stone Forest’s position as the preferred accounting and consulting services provider to mid-market Singapore firms expanding abroad, and to foreign firms using Singapore as a springboard to the Asia-Pacific region.”
Rigorous selection criteria must be met before firms are admitted to the RSM International network. RSM is a global organisation with annual revenues of US$2.5 billion and more than 23,000 staff in 600 offices spread over 70 countries. Chio Lim Stone Forest has 340 staff in Singapore and 80 in Shanghai and is the largest accounting and business advisory group in Singapore outside the Big Four. A staple name behind many homegrown enterprises, the firm started out in 1985 and is well entrenched amongst indigenous, owner-managed and entrepreneurial organisations in Singapore.
Following this move, and other recent moves into Vietnam, New Zealand and Belgium and the continuous growth of its members around the world, RSM International is growing at a rate of 18 percent annually. The organisation is also looking to expand its current capabilities in India, China and Eastern Europe as well as moving into Iran, Jordan and Israel.
New Singapore Firm Joins RSM International (PDF, 35kb)
