Corporate compliance and reporting services firms TMF Group and Equity Trust have merged.
The two worldwide providers of global accounting, corporate secretarial and human resources and payroll services work for more than half of Fortune 500 companies. The merged group will be known as TMF Group and have combined revenues in excess of 400 million euro. With more than 100 offices, in more than 75 countries including the Cayman Islands, it will offer clients and intermediaries a broad range of cross-border services across the globe.
The new business will employ more than 4,000 people, made up of qualified accountants, lawyers and corporate secretaries, human resources and other professionals. These experts will help businesses expand seamlessly across borders, taking care of compliance requirements and other administrative burdens, while allowing clients to focus on their global ambitions and core competencies.
Commenting on the merger, Hugo van Vredenburch, co-CEO of TMF Group, said: “The new TMF Group is unique in its focus on helping businesses globalize. Our professionals around the world help clients expand seamlessly across borders.
“This is an historic moment for both businesses. Creating the world leader in this industry has been the ambition of both companies for several years, and today we have realised this goal. Together, we have a huge global reach – and the right people and services.”
Frederik van Tuyll, CEO of Equity Trust, said: “The two companies have strong foundations and share the same values, helping businesses globalize their operations. This, coupled with the combined group’s local knowledge and global reach, makes TMF Group a powerful force in today’s marketplace.”
The two businesses know each other well.
“The skills sets are complementary, our cultures are very similar and both companies have the same ethos: clients come first,” said Maria van der Sluijs-Plantz, co-CEO of TMF Group. “By merging our two businesses, we have created an international pool of professionals, focused on providing worldwide client solutions. Clients can now draw on the very best knowledge and expertise around the world, through a single point-of-contact, to help them achieve their goals.”
The services offered by TMF Group include, accounting and reporting, legal administration, human resources and payroll.