Professional services firm Mazars, which operates in over 100 markets including Singapore, and FORVIS, in the US, have launched a new global network, Forvis Mazars.

With combined revenues of approximately $5 billion, the network will have a ‘global network board’ responsible for worldwide collaboration across the two groups.

Mazars' operations in Singapore and Asia should benefit as the network looks to expand advisory, tax,risk consulting and audit services.

Forvis Mazars in Singapore, established 15 years ago, has over 400 staff, and clients across many sizes and industries. For the 2022/2023 financial year, Mazars in Singapore had fee income of S$37.4 million ($27.7 million), which was 24% growth year-on-year. This revenue was driven mainly by growth in audit and assurance services, which forms around 60% of the firm's Singapore business.