Merger Creates a Global Compliance and Reporting FirmBy Tmf Group, PRNE
Tuesday, July 5, 2011
LONDON, July 6, 2011 -
A world leader in corporate compliance and reporting services
has been created, following the merger of TMF Group and Equity
Trust. The two worldwide providers of global accounting, corporate
secretarial and HR & Payroll services work for over 50% of the
Fortune 500 and FTSE 250 companies.
The merged group will be known as TMF Group (
have combined revenues in excess of €400m. With more than 100
offices, in over 75 countries, it will offer clients and
intermediaries a broad range of compliance and reporting services
across the globe.
The new business will employ more than 4,000 people, made up of
qualified accountants, lawyers, and corporate secretaries, HR and
other professionals. These experts will help take care of local
compliance requirements and other administration burdens, while
allowing clients to focus on their global ambitions and core
- Accounting and Reporting - a complete range of accounting and
statutory reporting services, including the preparation and
consolidations of reporting in any major standard (GAAP,
- Legal Administration - full company establishment and
management services in any jurisdiction in the world and ongoing
corporate secretarial support, process agent, registered office and
agent services. The company is also able to offer local directors
and shareholder structures where required.
- HR and Payroll - ensuring global HR policies, contracts and
benefit schemes are comprehensively implemented and payroll
payments are made securely.
Commenting on the merger, Hugo van Vredenburch, co-CEO of TMF
Group, said: “The new TMF Group is unique in its focus on helping
businesses globalize. Our professionals around the world help
clients expand seamlessly across borders.
“This is an historic moment for both businesses. Creating the
world leader in this industry has been the ambition of both
companies for several years, and today we have realised this goal.
Together, we have a huge global reach - and the right people and
Frederik van Tuyll, CEO of Equity Trust, adds: “The two
companies have strong foundations and share the same values,
helping businesses globalize their operations. This, coupled with
the combined group’s local knowledge and global reach, makes TMF
Group a powerful force in today’s marketplace.”
The two businesses know each other well. “The skills sets are
complementary, our cultures are very similar and both companies
have the same ethos: clients come first,” comments Maria van der
Sluijs-Plantz, co-CEO of TMF Group. “By merging our two businesses,
we have created an international pool of professionals, focused on
providing worldwide client solutions. Clients can now draw on the
very best knowledge and expertise around the world, through a
single point-of-contact, to help them achieve their goals.”
Notes to Editors:
TMF Group is a provider of global accounting, corporate
secretarial, HR and payroll services. Through its global network of
87 offices in 67 countries, the group serves more than 21,000
entities for its multinational clients. TMF has grown quickly in
recent years with revenues increasing by €156.6 million (or 287%)
between 2005 and 2010.
Prior to the merger, Equity Trust business employed more than
1,200 people in over 40 offices around the world, servicing over
14,000 entities. Equity Trust acquisitions have included:
administration operations of Standard Chartered Bank in 2004; ABN
AMRO Bank (2005); Ernst and Young’s domiciliation and corporate
secretarial services in Luxembourg (2006); and in 2008, Equity Fund
Services, the fund administration unit of Equity Trust, was merged
with Custom House Global Fund Services.
Tags: July 6, London, Tmf Group, United Kingdom