PKF Cayman, a Cayman-based accounting and business advisory firm, announced that it has commenced operations under its new name.
The name change of the firm, which previously traded under the name Baker Tilly Cayman, reflects the new affiliation with PKF International, a network of legally independent accounting firms.
PKF International has 245 member and correspondent firms in 125 countries and aggregate fees of more than $2 billion.
The network employs 2,900 partners and 14,700 staff in its member firms.
PKF Cayman Managing Partner, Ben Leung, said, “We conducted substantial research and determined that the PKF network was a great fit for us. Our new relationship with the PKF family of firms is all about client service as we share our resources and plan together to achieve significant growth.”
PKF Cayman serves clients who require global support for audit, tax and consulting services and has particular experience in auditing offshore vehicles, such as hedge funds and captive insurance companies. Since its inception in October 2007 the firm has enjoyed strong growth.
“The talented professionals in our Cayman office provide clients with the highest quality of service and now, together with the talents of professionals throughout the PKF network, we are positioned to be the clear choice for growing companies seeking true global excellence,” said Leung.
PKFI Chairman Wolfgang Hofmann said: “We are delighted to welcome PKF Cayman to the network. Our goal is to become a leading top ten global accountancy network.
“One of the key member recruitment strategies for achieving this is to target member firms and correspondents that share our vision to build a strong global network that can provide a wide range of services to mid-size and larger clients. We are confident that PKF Cayman will make a huge contribution to strengthening the PKF brand in a location where clients from around the world need representation,” he added.
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