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December 22, 2009updated 29 Apr 2022 12:50pm

MSI Global Alliance reports solid membership growth

MSI Global Alliance has increased its membership by 23 firms in 2009 and entered nine new countries.

New accounting firms were appointed in the Dominican Republic, Belgium, Luxembourg, Vietnam, South Africa (Bloemfontein), Mexico, US (Minnesota), Spain and Saudi Arabia. The Saudi addition of the accounting firm Gulf Bureau for Research & Economic Consulting is the most recent and brings the number of MSI’s Middle East member firms to 12, with coverage in Bahrain, Egypt, Kuwait, Lebanon, Oman, Syria and the United Arab Emirates.

The average size of firms has also increased in terms of the number of partners and annual fee income.

“We came into the year slightly nervous, not quite knowing what to expect, but on the whole it’s been good,” MSI Global Alliance chief executive James Mendelssohn said. “Although we’ve lost a number of firms, it has not been too many and most parts where we have lost firms have been part of a deliberate policy to strengthen the organisation.”

Mendelssohn revealed that MSI Global Alliance was approached by a strong firm in Mexico and, as a result of the addition, two or three smaller firms left the association.

“Our pipeline of prospective members is stronger today than it has been at any time over the last 18 months, with at least five new members joining in January and an exciting milestone to announce,” he added.

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