Accuracy opens an office in Singapore, 12th globally

15 August 2016

Accuracy has recently opened an office in Singapore, its 12th globally. With the new hub in Southeast Asia’s main business centre, the M&A consultancy is better equipped to meet growing demand for the firm’s services in the region. 

Founded in 2004, today Accuracy is one of the globe’s larger consulting firms specialised in financial advisory and M&A services. The business advisory is present in ten countries in Europe, North America and Asia* with a team of around 300 consultants, including 35+ partners.

In the second quarter of this year Accuracy expanded its wings to Singapore, where it has opened a hub to serve the operations of its clients (mostly international listed companies) in the region. “Clients of the various Accuracy offices are very active in this region and, as such, there is a requirement for locally based support”, explain David Thornes and Jonathan Ellis, who have been charged with leading the Singapore hub. Furthermore, Singapore is the hub of international arbitration in Asia – a field which, according to the two Directors, constitutes one of the main axes of Accuracy’s service portfolio.

Accuracy opens an office in Singapore

Prior to joining Accuracy in November last year, Ellis worked roughly three years for Deloitte, based in London, latterly in the role of Associate Director, and formerly served Charles River Associates in the UK. Thornes has been with Accuracy for over ten years, joining the firm’s French operations in the summer of 2005 from Big Four giant EY.

Over the past months Thornes and Ellis have brought together a team of nearly ten consultants. The office too has built strong ties with the Delhi office, and in particular with Chaitanya Arora, a partner in the Indian office, who is a Singaporean citizen. Accuracy Singapore initially focused on supporting its international clients and providing independent expertise in arbitration cases, yet the operation is gradually expanding its offering to include all of Accuracy’s services. Among the propositions in which the international consultancy has a track record are mergers & acquisitions, financial forecasting, valuations, financial modelling and private equity support.

Frédéric Duponchel, CEO of Accuracy, says: “The development of Accuracy in Singapore is a milestone for our firm, it is a long thought out project that allows us to position ourselves in a strategic market in our business. On behalf of the Accuracy partners, I express our confidence in David Thornes and Jonathan Ellis, who lead this project, notably with the support and contribution of our offices in Delhi and London.”

* Accuracy has offices in Paris, Madrid, Amsterdam, Milan, Frankfurt, Brussels, London, Munich, Quebec, Montreal, New Delhi and Singapore.


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Newcastle consulting firm opens Baghdad office

05 April 2019

A Newcastle-based consultancy has announced it will open its first office in Iraq. The news comes despite warnings that the area remains “high risk” for businesses.

16 years after the start of Operation Iraqi Freedom, the nation remains a shadow of its former self. The continued chaos wrought by the Iraq War – which eventually played a role in the rise to prominence of Daesh, further destabilising the region – means that even now, the nation’s capital is deemed to have the lowest quality of living in the world. According to a recent survey from Mercer, Baghdad ranked last overall – immediately below Bangui of the Central African Republic and Damascus in Syria – despite the other two being determined as the worst cities on the planet for personal safety.

However, as with the wider Middle East, the oil-rich state presents a lucrative destination to businesses willing to take the risk. To that end, a Newcastle recruitment consultancy has announced the opening of its first presence in Iraq’s capital city. Samuel Knight has taken the decision to open its Baghdad locale in order to grow its business in the Middle East.

Newcastle consulting firm opens Baghdad office

While businesses remain wary of the region, Samuel Knight specialises in recruiting talent in the energy and rail sectors, and in a release it said the new office would continue to focus on these areas. It will also allow the firm to make sure it abides by local compliance laws. The new location will be headed up by Haider Kadhim, Samuel Knight’s Iraq country manager, who will work as the first point of contact for clients and candidates. Representatives from the Department of Trade Industry are expected to attend a launch event for the office, which will be held this month.

Commenting on the new office,  a spokesperson for Samuel Knight said, “We probably don’t see it as a risk, but more of an opportunity, as we operate in the Middle East extensively already. We have contacts in place in the country location and with the consultants we have. We felt it was a great opportunity to expand into a country we are already doing work in. It means we have an on-the-ground team to help our clients. From our perspective, it is that we are looking to expand into new territories, but we are also supporting countries that are starting to redevelop after years of warfare.”

Steve Rawlingson, CEO at Samuel Knight, said, “Our aggressive five-year growth plan is manifesting at  an impressive rate, taking the company to exciting new territories. The team is working diligently to surpass expectations set out in the plan, and to ensure Samuel Knight is cemented as the leading global energy and rail recruitment specialist. Our Baghdad office will give us a distinctive edge over our competition and allow for more exciting business opportunities. Once the office becomes more established and client acquisition develops, we will certainly be adding more consultants and manpower in the city.”