2 November 2010
Grant Thornton has announced the appointment of a new member firm in Hong Kong. The new practice, set up by Grant Thornton China, will begin trading as Jingdu Tianhua Hong Kong but will adopt the name "Grant Thornton" in due course. The new firm will be led by Daniel Lin, an established and highly regarded member of the accounting profession in Hong Kong.
The firm's initial focus will be on the delivery of assurance and taxation services with SEC and IFRS capabilities. There are also short term plans to develop international tax and transfer pricing services, transaction advisory and business risk services. Further growth through merger and acquisition is also under active consideration. The firm is in the process of registering with the PCAOB.
The new firm plans to have a staff of over 100 people within 12 months. Significantly, it will be fully integrated with Grant Thornton China and be part of a network of 10 offices providing seamless access to 65 partners and over 1,500 professionals across mainland China and Hong Kong.
Ed Nusbaum, chief executive officer of Grant Thornton International explains, "Grant Thornton has long been committed to a strategy of an integrated approach to serving clients across the China market, including Hong Kong. This appointment of Jingdu Tianhua Hong Kong is a vital step in that strategy and our member firms, now over 100 in number, look forward to working with their new colleagues in Hong Kong."
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