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May 16, 2011

Grant Thornton adds firm in Ecuador

Grant Thornton International has appointed Corporacion Dbrag as its new member firm in Ecuador as of 1 May 2011. Ed Nusbaum, CEO of Grant Thornton International, describes the new affiliate as an important addition to the network’s presence in the Latin America.

 “Latin America is one of the fastest growth regions for Grant Thornton and the appointment of Grant Thornton Ecuador is another example of our strategic investment plans to build the global organisation in key emerging locations,” Nusbaum said.

Grant Thornton did not have a member firm in Ecuador since its former affiliate moved on four years ago. Meanwhile, Corporacion Dbrag, which was founded in 1996, had no international representation after leaving the Moore Stephens International network in September 2010.

Grant Thornton Ecuador will provide assurance, tax and advisory services to domestic and international clients. The firm is led by Maria de los Angeles Guijarro, has 130 staff, including seven partners, and operates from four offices in Quito, Guayaquil and Manta. It is expected to contribute about 4 to 5 percent to Grant Thornton’s Latin American revenues.

“We picked this firm because it is highly respected locally, its size and reputation makes it a top player in the Ecuadorian market and we liked its compatibility with the Grant Thornton vision and values,” said Javier Martinez, Grant Thornton’s regional marketing director for the Latin Americas and Caribbean region.

With 130 professionals, it is definitely one of the most important accounting and audit practices in Ecuador.”

De los Angeles Guijarro explains that “being part of Grant Thornton will help us to improve our service levels and position in the market as well as provide international assignments and secondment opportunities for our staff.”

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