Advisory firms in Austria and Switzerland join global networks

Accounting and advisory networks GGI and Nexia have expanded their presence with new member firms in Austria and Switzerland.

In Austria, Graz-based Gaedke & Angeringer Steuerberatung has joined Geneva Group International (GGI), which with nearly 600 member firms and 820 offices around the world in 120+ countries is one of the largest networks of professional services firms globally. 

The 40-strong team of the local Austrian player supports clients with taxation, accounting, payroll services, corporate finance and business consultancy, as well as social security and labour law. Gaedke & Angeringer Steuerberatung – the firm’s name has been derived from executive partners Klaus Gaedke and Ronald Angeringer – works for organisations across sectors and sizes, including multinationals, public bodies, non-profit organisations, employees and freelance professionals.

Reflecting on the affiliation, GGI stated in a press release; “While the origins of the firm date back to 1934, Gaedke & Angeringer pride themselves on the quality of their work and by the longevity of their client relationships.”

Gaedke & Angeringer Steuerberatung becomes CGI’s first member firm with a base in Graz. The global network now has 19 members firms in Austria, with a presence in among other locations capital city Vienna, Salzburg, Innsbruck, Bad Hofgastein, Jennersdorf and Linz. 

Meanwhile, in neighbouring Switzerland, Testaris, based in Basel, joined rival network Nexia, which is one of the world’s ten largest groups of independent accounting and consulting firms. “As a firm whose partners have decades of international experience, we know the advantages of being part of a strong global network. We are aware of Nexia International's excellent reputation and welcome the opportunity to work with our peers to help our clients achieve their ambitions,” said Andrea Bianchi, a partner at the Swiss firm.

Testaris has a team of 12 professionals, including 3 partners. The local player offers audit, advisory, accounting, mergers & acquisitions, restructuring and tax services to both national and international clients across a range of sectors.

Nexia now has 11 members firms in Switzerland, with offices in Basel, Bern, Geneva, Zug-Cham and Zurich among others. “We are delighted to welcome Testaris to our network. They give our clients even more access to extensive (international) expertise in Switzerland,” remarked Kevin Arnold, CEO of Nexia International.

Last quarter, UK-headquartered asset management consulting firm Alpha FMC opened an office in Zurich, its second in the country and 7th in Europe.