Moore Stephens International has added UK firm Kingston Smith to its network to replace Moore Stephens LLP, which joined BDO earlier this year.
Kingston Smith was a member of Morison KSi, but the IAB understand it has left the association as a result. This will leave Morison KSi without a UK member.
Kingston Smith is a London centred firm, and has 62 partners and 550 staff, and is recognised as a top 20 firm in the UK. For the IAB UK Country Survey, the firm reported revenues of £44m.
This is significantly smaller than Moore Stephens LLP was, with reported revenues of £137.5m for the same year.
Anton Colella, Global CEO of Moore Stephens International said: “I am delighted to welcome Kingston Smith to our network. They are a firm with a justifiably strong reputation not only in London – one of the world’s main capital markets – but also internationally. Their demonstrable strength in sectors such as financial services and media, will complement our network’s existing capabilities.
“Beyond the firm’s expertise, they share the same outlook and purpose as the existing Moore Stephens professional community: the belief that serving clients is much more than simply a job, but a human relationship where advice and judgement should endure through good times and times of challenge. I look forward to their contribution to our global network’s continued growth.”
Maureen Penfold, managing partner, Kingston Smith, said: “Joining Moore Stephens International is a natural next step for us in supporting our clients to reach their potential for international expansion. Being a part of this powerful global network will bring considerable benefits to our clients, enabling us to offer a fully integrated service to support their growth consistently across the world. We are equally excited about the new opportunities it will bring to our people, as we will be able to offer enhanced global mobility and greater collaborative knowledge sharing on an international scale.”
Morison KSi CEO Amanda Long said: “We are sorry to see Kingston Smith leave the association but relationships between both parties remain very good. We will be prioritising the recruitment of one or more high quality UK member firms and look forward to the opportunities that this will bring to the association and our members.”