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August 17, 2015

Former Grant Thornton Singaporean firm joins HLB International

By Vincent Huck

Less than six months after announcing it was leaving Grant Thornton’s network, Singaporean firms Foo Kon Tan has joined HLB International.

As reported by International Accounting Bulletin in March of this year, Foo Kon Tan left Grant Thornton’s network and suggested it would remain independent. But the firm has now joined HLB International to become the third HLB member in Singapore.

Founded in 1968, Foo Kon Tan is the seventh largest firm in Singapore with revenues of SGD 32.4m ($23m), according to HLB International.

With this new addition HLB International could become the sixth largest network in the country with total revenues of around SGD 40.6m.

HLB International CEO Rob Tautges welcomed the firm to the network and said: "Foo Kon Tan LLP brings capital market capabilities to the HLB Singapore network, further strengthening Singapore’s gateway position linking Greater China, ASEAN and Australasia."

Related articles:

Grant Thornton loses member firm in Singapore

Grant Thornton opens firm in Singapore

Singapore survey: Firms venture into the lion’s den

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