Mazars forms new $5bn global network with Forvis

Mazars has announced it has formed a new global network with Forvis, a top ranked firm in the United States, creating a joint entity with revenues of over $5bn (£3.9bn).

Mazars first agreed the move with Forvis as part of a deal to create a global audit and advisory network in November 2023.

The new entity Forvis Mazars, is the largest new entrant into the global rankings in decades.

The network comprises two members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories.

The network will be governed through a structure that includes a Global Network Board, responsible for enabling seamless collaboration and client delivery worldwide.

Hervé Hélias will serve as the first chair of the Global Network board. Helias will also continue to serve his ongoing mandate as chairman of the group executive board of Forvis Mazars Group, SC (formerly Mazars Group).

Meanwhile, Matt Snow, chairman of Forvis Mazars, LLP (formerly Forvid, LLP) will serve as vice chair of the Global Network board.

In the United States, Tom Watson will continue to serve as CEO of Forvis Mazars and will also sit on the Network board.

Additionally, Rob Pruitt, Fran Randall and Tim York from Forvis Mazars, LLP will sit on the Global Network board, while David Chaudat, Pascal Jauffret, Véronique Ryckaert and Phil Verity from Forvis Mazars Group will sit on the Global Network board.

Hélias said: “This is a momentous and exciting time for our clients, our profession and our people. Mazars and Forvis have worked together for over 20 years and share a commitment to delivering an outstanding client experience. We are well positioned to deliver excellence, everywhere, under a single global brand.

“Clients will get consistent, high-quality, comprehensive services worldwide, and we remain agile and flexible to their specific needs. I am extremely proud to serve as first Chair of the Global Network Board. Working together, I am confident that our two firms will continue to empower our people to raise the bar for client service standards, while challenging industry opportunities to support future needs in local markets.”

He added: “Forvis Mazars is built on our commitment to listen to our clients, anticipate the challenges they face, and deliver an unmatched client experience in all that we do,” Watson said. “This new network will quickly unlock new opportunities for our clients and our people, and both groups can feel confident that we are making decisions with their long-term success in mind.”