Logo of Phnom Penh Post newspaper Phnom Penh Post - KPMG buys Premier Consulting




KPMG buys Premier Consulting

KPMG buys Premier Consulting

KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year.

A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, a Phnom Penh-based audit, tax and advisory business on January 1.

Warrick Cleine, chairman of KPMG in Vietnam and Cambodia, said the acquisition represents KPMG’s confidence in Cambodia’s business environment as it nears ASEAN Economic Community (AEC) integration, slated for December this year.

“This deal is a powerful demonstration of KPMG’s expanding strength and commitment to serving our clients in Vietnam and Cambodia,” Cleine was quoted saying in the statement.

“Adding Premier’s team to KPMG significantly enhances the service offerings we will be able to provide our clients of all sizes and at every stage of the business life cycle.”

KPMG did not disclose how much Premier was bought for.

Premier director James Roberts will join KPMG Cambodia as partner, according to the statement.

“Having access to the KPMG network will bolster our ability to provide clients in this region with an unparalleled level of service”, Roberts said.

KPMG in Cambodia will continue to be led by senior partner Michael Gordon.

MOST VIEWED

  • Seven positive for Covid-19, Hun Sen confirms local transmission

    Prime Minister Hun Sen announced that there has been local community transmission of Covid-19. However, he urged the people not to panic even though the Ministry of Health announced the discovery of seven new cases on Sunday. Among the victims are Chhem Savuth, the director-general

  • Cambodia at ‘most critical moment’, Hun Sen warns

    Prime Minister Hun Sen said the first community transmission of Covid-19 in Cambodia has led the country to the “most critical moment” that warranted urgent, large-scale operations to contain the pandemic. Hun Sen, who confirmed the first local transmission on November 28, said the source of

  • PM confirms community transmission, calls for unity

    Prime Minister Hun Sen has called on the public to stay calm, unite and follow the Ministry of Health guidelines after the wife of a senior official tested positive for Covid-19 in the Kingdom’s first case of community transmission. The case has drawn criticism

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there