BrazilMorison Menon in the UAE joins Kreston international network
Emirates-based auditing firm Morison Menon has joined the global accounting network Kreston, rebranding to Kreston Menon.
Global accounting network Kreston International has expanded its Middle East roster with the admission of UAE-based Morison Menon, the auditing firm joining existing member firm Awni Farsakh & Co. as a representative in the Emirates. Morison Menon – now Kreston Menon – has eight offices spread across Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah and staffed by a team of 250 professionals.
Founded in 1994 by current chairman Raju Menon, and led by a team of 18 partners including long-tern CEO Khalid Al Shams, Kreston Menon offers a full range of audit, accounting and business consulting services to a client base currently in excess of 2,000 and operating in more than a dozen sectors, including healthcare, real estate, energy, manufacturing, transport, government, and financial services.
“I am delighted to welcome Raju and his team to Kreston,” said Kreston CEO Liza Robbins, who was previously at the helm of Morison. “The admittance of Morison Menon Group gives us additional representation in this important region and the Group’s decision to brand upon entry is testament to their commitment to quality and to the key values so important within the Kreston network. I look forward to working with Raju again going forward”.
“To be admitted as a member of Kreston International is an excellent development for our firm, Raju Menon said in reponse. “Through this strategic alliance and, by taking the Kreston brand, we hope to further raise our profile and credibility in the accounting market place and to further serve our regional and international client base by collaborating with our fellow member firms across the network.”
The admission of Kreston Menon in the UAE follows on the heels of Kreston SVP in Qatar, formerly SVP Chartered Accountants, which joined the international network last August – while at the end of 2017 Kanaan Firm added in Palestine. Altogether, Kreston has more than a dozen representatives in the Middle East, stretching from H&H Associates in Lebanon to Mohamed Taha Hamood & Co in Yemen.
Globally, Kreston has a member network spanning more than 700 offices in 125-plus countries, with a headcount of over 25,000 generating fees of $2.3 billion last year – making the network the 12th largest such professional services provider in the world. While well short of mid-tier leader BDO, which drew in revenues of $9 billion last year, Kreston has been on a concerted expansion drive over the past couple of years, adding new members on every continent.
