As you are part of the extended Mazars family, we are committed to keeping you abreast of exciting news and developments in our ongoing journey. Today, we would like to inform you about an important strategic development for our group.
We are proud to announce that Mazars and FORVIS, a top 10 US firm, will create a new global network, effective 1 June 2024.
The new network will operate under a single global brand, ‘Forvis Mazars’. Both brand names have been protected and secured and Mazars will provide the chairperson of the network for the first three years.
This is an exciting move for Mazars: an evolution that significantly advances our global strategy and gives us a much larger national platform in the U.S. It builds upon the Mazars North America Alliance, formed in 2019, of which FORVIS is a member. FORVIS ranks #8 in the U.S. and we know them well, having collaborated for more than two decades through the Praxity network.
It is important to emphasise that this is not a merger, but a network. This means both firms remain owned by their existing partnerships, whilst operating under a single brand and applying global standards for quality and service delivery. So, Mazars retains its international integrated partnership and DNA, continuing to serve our clients in the same way, in all markets apart from in the U.S., where Mazars USA will join FORVIS to form Forvis Mazars US.
We believe this network, uniquely formed of just two member-firms for agility and consistency, will have the scale, capacity and coverage to support our clients’ needs worldwide and bring additional opportunities for our people. It will be a new entrant in the top-10 global network rankings, which will further build our brand.
At Mazars, we see this as a bold move and a very positive step for all our stakeholders, setting our firm up well for continued global growth. Below is a video message from our Global CEO and Chairman, Hervé Hélias, and you can read the official press release here.
We are extremely excited about this development in Mazars’ story and hope you share our enthusiasm. We look forward to welcoming any of your questions.