Networks UC&CS Global and Reanda International have formalised an agreement to cooperate on new business opportunities in Latin America and Asia Pacific.
Under the non-binding cooperation agreement signed on 10 December 2014, the two agreed to work alongside one another in the eventuality that one of the networks’ member firm should require assistance in a region represented by a member of the other.
In such cases the former network will then refer its member to the other’s representative before it seeks referrals outside the relationship.
According to the two networks, the cooperation agreement will help provide Reanda and UC&CS clients with "global coverage" within what they described as "the two most important emerging regions" of Asia and Latin America.
In 2010, the end of a long-term strategic alliance with EuraAudit led to the restructuring of UC&CS as an independent global association.
At the time of the alliance’s termination, the newly independent association had said it was actively searching for new global alliances and additions, particularly in Asia and the BRIC economies.
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UC&CS has signed regional strategic alliances with networks and associations in the UK, US and Canada, as well as regional lawyers, productivity consultants, IT and human capital organisations across the world.
The network now counts 120 firms and over 165 offices globally.
Reanda includes 18 firms and 77 offices across the world, with 28 offices in China alone, operated by the network’s principal member firm Reanda China.
Following the signing of the agreement, the networks said they "expect in the future to explore deeper cooperation to better serve their members and clients."