Reanda International has added London based firm Grunberg & Co. to its network, making it the first UK member and the fourth European member.

Reanda International chairman Huang Jinhui and Grunberg & Co. senior partner David Grunberg signed the firm’s membership agreement earlier today (Wednesday 22 June) at the ACCA London office. International Accounting Bulletin acted as witness to the signing along with Elizabeth Fehnrich of the UK trade and Investment department and ACCA executive director of markets Stephen Heathcote.

Grunberg & Co is based in north London, and counts 55 staff. In FY15 it reported $4.2m fee income making it a top 100 UK accounting firm. The firm service international groups of companies with turnovers exceeding £1bn, AIM listed companies and sole traders as well as a variety of on-business clients and high net worth individuals. It offers the full range of audit, tax and advisory services.

Reanda International was created in 2010 and has now 22 member firms mostly in Asia Pacific but also in Cyprus, Germany and Russia. Reanda International ranked as the 24 largest network globally in International Accounting Bulletin 2015 World Survey with fee income of $ 165.1m in the year to 31 December 2015.

However after the signing ceremony, Heathcote told International Accounting Bulletin to make it to the top 10 in the next five years.

Following the signing ceremony, both the management of Grunberg & Co and Reanda International met with International Accounting Bulletin to discuss the details of their partnership. The report on this discussions can be accessed here: Tomorrow Brexit, today In-to-China