RSM International continues
recent growth spurt

RSM International has admitted member firms in the Philippines
and Ukraine, and is in advanced discussions with several others
across Europe as the network seeks to substantially strengthen its
presence early in the new year.

The network’s chief executive, Jean Stephens, told IAB
RSM is in advanced stages of discussions with at least five
potential members in Central and Eastern Europe in order to spread
coverage into some of the rapidly emerging economies of the
region.

“We’re continuing to look in the Poland and Czech area, also in the
Baltic [region],” Stephens said. “Historically, we had [a presence
in those regions] but there was a change in our representation in
Germany where they had covered those countries and that happened
earlier this year. That will continue, Romania, Poland and all of
that will continue to grow and develop. We’re at the point of due
diligence in some of those countries, we are pretty far
along.”

Stephens described now as an exciting time for the network, with
much recruitment activity in the pipeline. This includes, she
added, firms in two of Europe’s largest economies. “I would say
[Italy] is one of the countries that we are getting close and
Germany [is] in advanced stages… we’re in a very big growth mode
right now,” she explained.

This month, RSM admitted mid-sized firms APiK Group in Ukraine and
Alas, Oplas & Co in the Philippines. Alas, Oplas & Co has
five partners and 35 members. It provides services in financial
audit to operations audit, feasibility studies and tax, and is
registered with the US Public Company Accounting Oversight
Board.

Alas, Oplas & Co becomes the network’s sole full member in the
Philippines. Stephens added: “We’re fairly strong in Asia-Pacific
so it was a matter of finding the right firm that could work with
all our firms there and we were happy to find a good firm. They had
known our Singapore firm in the past so we had a relationship with
them.”

The ApiK Group is one of the leading financial services firms in
Ukraine. It has four partners and 39 members of staff. The firm has
provided audit services to more than 400 companies and 70 banks in
the country.

Nicholas Moody and Arvind Hickman