PKF Cayman, a Cayman-based
accounting and business advisory firm, announced that it has commenced
operations under its new name.
The name change of the firm, which
previously traded under the name Baker Tilly Cayman, reflects the new
affiliation with PKF International, a network of legally independent accounting
PKF International has 245 member
and correspondent firms in 125 countries and aggregate fees of more than $2
employs 2,900 partners and 14,700 staff in its member firms.
PKF Cayman Managing Partner, Ben
Leung, said, “We conducted substantial research and determined that the PKF
network was a great fit for us. Our new
relationship with the PKF family of firms is all about client service as we
share our resources and plan together to achieve significant growth.”
PKF Cayman serves clients who
require global support for audit, tax and consulting services and has particular
experience in auditing offshore vehicles, such as hedge funds and captive
insurance companies. Since its inception in October 2007 the firm has enjoyed
“The talented professionals in our
Cayman office provide clients with the highest quality of service and now,
together with the talents of professionals throughout the PKF network, we are
positioned to be the clear choice for growing companies seeking true global
excellence,” said Leung.
PKFI Chairman Wolfgang Hofmann
said: “We are delighted to welcome PKF Cayman to the network. Our goal is to become a leading top ten
global accountancy network.
“One of the key member recruitment
strategies for achieving this is to target member firms and correspondents that
share our vision to build a strong global network that can provide a wide range
of services to mid-size and larger clients.
We are confident that PKF Cayman will make a huge contribution to
strengthening the PKF brand in a location where clients from around the world
need representation,” he added.