Stransact Becomes RSM International’s New Correspondent Firm In Nigeria

–Stransact Becomes RSM International’s New Correspondent Firm In Nigeria=

BY CAMI EZENWA

RSM International (“RSM”), regarded as the world’s sixth largest network of independent audit, tax and advisory firm, has announced the appointment of Stransact, a fully independent Nigerian firm of chartered Accountants, as its new correspondent firm in Lagos, Nigeria.

Announcing the appointment in an interaction with the media in Lagos, a Stransact team of Eben Joels, Victor Athe; Abayomi Salawu and Bolaji Mogaji expressed optimism that, with RSM international having a country presence and office in Lagos, Nigeria. the latest alliance would mean far better service delivery to clients.

RSM, a network created from legacy firms that have been in business for over 90 years is the leading advisor to middle market leaders globally.

The network covers 107 countries and has a combined total of 35,396 employees in 700 offices.

On the other hand, Stransact is a correspondent firm of the RSM network but does not trade as RSM. Each correspondent firm of the RSM network is an independent accounting and consulting firm, each of which practices in its own right. The RSM network is administered by RSM International Limited, a company registered in England and Wales.

“We are delighted that these leading African firms have chosen to join the RSM network”, said Jean Stephens, CEO of RSM International, “Business in Africa is developing rapidly and as demand for professional services in the region continues to grow, it is imperative that we ensure RSM is represented by very high quality local businesses”, he said.

–Stransact Becomes RSM International’s New Correspondent Firm In Nigeria=

In the words of Eben Joels, Principal, Stransact, ‘‘RSM’s decision to appoint Stransact as a correspondent firm is based on the confidence the leadership of RSM has in our ability to connect with clients, colleagues and communities, a core tenet of RSM’s commitment to deliver the power of being understood.’’

Also speaking, Senior Partner at Stransact, Yomi Salawu said: ‘‘the firm’s appointment is evidence of RSM’s commitment to growth in Africa. It is an investment in the future of youths in the largest economy in Africa. This is a message of hope during this difficult period,” he enthused.

With a strong and growing presence in Africa, the network has member firms in Botswana, Kenya, Zambia, Mauritania, South Africa and Tanzania. However, the network typically has a correspondent firm where it does not have a full member firm such as Nigeria and Ghana.

–Stransact Becomes RSM International’s New Correspondent Firm In Nigeria=

The latest alliance would enable RSM increase its foothold across Africa’s rapidly growing business market,

Expressing great joy and a deep-rooted sense of satisfaction on the strategic alliance with Stransact in Nigeria, Regional Leader Africa Operations, RSM, Mr Clive Betty, said,‘‘We have strong vision to be the strategic partner for growing businesses throughout Africa but especially in West Africa. RSM’s five core values of integrity, respect, teamwork, excellence and stewardship are the bedrock of the firm and its culture. These values have endured throughout the over 90-year history of RSM.’’

Stransact, operating as Stransact Audit and Stransact Partners, has been providing high level professional services in Nigeria since 2009.

–Stransact Becomes RSM International’s New Correspondent Firm In Nigeria=

The firm has stated that this development aligns “snugly with the firm’s vision of being among the leading firms in Nigeria in the near future.” It increases the firm’s ability and quality and gives the firm access to the people and resources of RSM international.

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RSM International operates in 120 countries and are in each of the top 40 major business centres throughout the world. The network has a combined staff of over 48,000 and has 820 offices across the Americas, Europe, MENA, Africa and Asia Pacific.