| Type | Société cooperative à responsabilité limitée, based in Belgium |
|---|---|
| Industry | Professional services |
| Founded | Rouen, France (1940) |
| Headquarters | Paris, France |
| Key people | Patrick de Cambourg, Current CEO |
| Services | Audit Chartered Accountant Consulting Taxation Corporate Finance Financial advisory Legal |
| Revenue | €884 million euro (2010) |
| Employees | 13,000 (2010) |
| Website | www.mazars.com |
Mazars is a global audit, accounting and consulting group employing more than 13,000 professionals in 61 countries through member firms.[1] With head offices in France, Mazars is the 14th largest accounting firm in the world. [2] Mazars has a network of correspondent partners and joint ventures in a further 21 countries and is a founding member of the Praxity alliance, a network of independent firms. Praxity, considered as a single firm, would be the 10th largest firm in the world.[3]
Worldwide turnover for the integrated partnership for the fiscal year ending August 2010 was 884.4 million euro.[4] Mazars is ranked as the fifth largest accountancy firm in Europe. Mazars operates as a single entity as a fully integrated partnership. Mazars publicizes its consolidated financial accounts, a move it claims is unusual for private audit and advisory firms. [5]
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The original Mazars firm was formed in Rouen, Normandy in France in 1940, by Robert Mazars. Mazars stayed a local firm until 1980s when the new CEO Patrick de Cambourg started to internationalize the firm growing the business from 33 employees in 1977 to the global firm of today.
Mazars merged with accounting firm "Guérard Viala" to form "Mazars & Guérard" in 1995.
On 1 September 1998 "Mazars & Guerard" merged with the British accountancy firm "Neville Russell" and traded, in the UK, for a number of years as "Mazars Neville Russell". In 2002, "Mazars Neville Russell", as well as its counterpart firms across Europe, changed the name to become simply Mazars. Mazars currently employs 1,000 people in 18 offices[6] in the UK and turnover is around €100m.[7]
In April 2007 Mazars merged with the London office of MRI Moores Rowland which will create a firm with turnover in the UK exceeding £90million.[8]
Mazars, prior to the MRI Moores Rowland merger, was listed as the 14th largest accountancy firm in the UK with about £65 millions fee income[9], however following the merger and with the merger between Grant Thornton and RSM Robson Rhodes in the summer of 2007, Mazars was listed as 12th[10] with an estimated fee income of £90.3m.
"Neville Russell" was founded in 1900 by Charles Neville Russell to work principally with the insurance sector of the economy. Neville Russell developed a reputation in London of being specialists in this area.
Mazars is a keen advocate of a more open audit market and notably of joint audit.
As of 2003 Mazars integrated "Paardekooper & Hoffman" (of the Netherlands), which employed 800 people. In the Dutch audit market Mazars ranks as the sixth largest firm and contributes more than 15% of the total global turnover.
Jan Paardekooper founded "Paardekooper & Hoffman" in 1927. The firm worked with large clients involved in the maritime and harbour businesses of Rotterdam.
In April, 2007 Mazars and RSM Hemmelrath announced their merger which united about 400 professionals and €50 millions of turnover in the German market. Today (2008), Mazars Hemmelrath has eight offices in German metropolitan areas offering a range of audit, tax, and legal consulting services.[11][12]
In April, 2010 Mazars integrates BearingPoint in Pakistan.The integration of BearingPoint within Mazars has allowed the partnership to simultaneously reinforce its geographical coverage and to introduce a new and complementary offer of service to both existing and future clients within emerging markets, notably in the banking and insurance sectors. [13]
Mazars Denge was founded by two partners as Denge Denetim YMM A.S. in 1977. Today Mazars Turkey operates in six offices Istanbul (3 offices), Ankara, Izmir and Bursa with more than 200 persons workforce.
Mazars Turkey, is among the top 5 Audit & Accounting firms in Turkey and serve a portfolio of more than 500 clients in various sectors from which 50% are foreign companies with 19 partners (including 13 CPA).
Mazars Turkey Won The Tax Firm Of The Year Award in 2008 and Best Transfer Pricing Firm Award in 2009. [14]
In April 2010, Mazars and Weiser, an audit and advisory firm with a strong presence in the north eastern region of the US, announced their merger. Partners from both entities voted to incorporate 74 Weiser partners into Mazars’ international integrated partnership. The deal marked a new stage in the Mazars’ international development.
Group Executive Board (2009-2012)
Patrick de Cambourg President and CEO of the Group France
Antonio Bover Co-CEO of the Group and Managing Partner of Mazars in Spain
Philippe Castagnac Co-CEO of the Group and Managing Partner of Mazars in France
Douglas A. Phillips Co-CEO of the Group and Managing Partner of Mazars in the United States
Hilton Saven Co-CEO of the Group and Managing Partner of Mazars in South Africa