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ACCA and CA ANZ to co-locate their teams but say there is no M&A in sight

The Association of Chartered Certified Accountants (ACCA) and the Chartered Accountants Australia and New Zealand (CA ANZ) will co-locate their teams in several markets as they reach the first anniversary of their strategic alliance.

Following a summit meeting held in Singapore to assess the progress of the first year, both institutes agreed that teams in London, Singapore, Kuala Lumpur and Hong Kong would be co-located.

Asked by The Accountant if this was the first step towards integration, an ACCA spokesperson said: “The quick answer is no. As the news release says, we’re looking at the next stage of developments by focusing on four key areas: increasing the profile of both brands worldwide, enhancing support to members and wider stakeholders, contributing to the development of the profession and business world, demonstrating the strength of a progressive alliance across the accounting sector.”

The ACCA spokesperson concluded: “Over the last year, we’ve been looking at further opportunities to get the maximum benefit from this partnership for our members and students – and this co-location is part of that work.”

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