The 30 largest accounting and advisory firms in Singapore

Source: Consultancy 2020-08-25

What are Singapore’s largest professional services and advisory firms with an accounting heritage?

According to a new analysis, Singapore’s large accounting and advisory firms have continued to see strong growth last year, although financial figures relate to the pre-Covid-19 era, with many players in the professional services industry impacted by reduced demand for services since the outbreak of the pandemic. Combined, the 30 largest firms now have over 18,000 employees, up from 16,400 the year previous.

PwC has maintained its positions as Singapore’s largest player, with around 3,700 employees – accountants, financial advisors, consultants, digital experts and staff. The other three of the Big Four not surprisingly follow, with EY in second place with about 3,500 professionals, KPMG in third with 3,160 employees and Deloitte in fourth with 2,900 staff. The usual suspects of RSM, BDO and Baker Tilly follow at a distance.

Here are Singapore’s 30 largest advisory firms with an accounting heritage:

1. PwCNumber of employees: 3,700Number of accountants: ~2,500Managing Partner: Yeoh Oon Jin 2. EYNumber of employees: 3,500Number of accountants: ~2,300Managing Partner: Max Loh

3. KPMGNumber of employees: 3,160Number of accountants: 1,500Managing Partner: Ong Pang Thye

4. DeloitteNumber of employees: 2,900Number of accountants: ~1,800Managing Partner: Pui Yuen Cheung 5. RSMNumber of employees: 1,000Number of accountants: 900Managing Partner: Paul Lee

6. BDONumber of employees: 560Number of accountants: 521Managing Partner: Fankie Chia

7. Baker TillyNumber of employees: 315Number of accountants: 285Managing Partner: Joshua Ong

8. Foo Kon TanNumber of employees: 290Number of accountants: 260Managing Partner: Kon Yin Tong

9. NexiaNumber of employees: 265Number of accountants: 235Managing Partner: Henry SK Tan

10. MazarsNumber of employees: 245Number of accountants: 220Managing Partner: Denis Usher

11. Crowe HorwathNumber of employees: 240Number of accountants: <240Managing Partner: Tan Kuang Hui

12. Moore StephensNumber of employees: 215Number of accountants: 160Managing Partner: Neo Keng Jin

13. Kreston Ardent CAtrustNumber of employees: 168Number of accountants: 155Managing Partner: Terence Ng, Paul Tan 14. RTNumber of employees: 140Number of accountants: 45Managing Partner: Ravi Arumugam 15. PKF-CAPNumber of employees: 115Number of accountants: 110Managing Partner: Michael Chin 16. UHY Lee Seng Chan & Co.Number of employees: 108Number of accountants: 88Managing Partner: Lee Sen Choon 17. Lo Hock Ling & Co.Number of employees: 95Number of accountants: N/AManaging Partner: Lo Wi Min 18. Audit AllianceNumber of employees: 94Number of accountants: 88Managing Partner: Bernard Lee 19. Grant ThorntonNumber of employees: 94Number of accountants: 80Managing Partner: Jeff Vibert 20. HLB-AtredeNumber of employees: 93Number of accountants: 86Managing Partner: Andrew Tan 21. Cypress SingaporeNumber of employees: 89Number of accountants: 86Managing Partner: Lok Lai Cheng 22. Precursor AssuranceNumber of employees: 80Number of accountants: 69Managing Partner: Tan Khoon Guan 23. BSL GroupNumber of employees: 72Number of accountants: 64Managing Partner: N Vimala Devi

24. FiduciaNumber of employees: 60Number of accountants: 60Managing Partner: Wayne Soo

25. Heng Lee SengNumber of employees: 60Number of accountants: N/AManaging Partner: Michael Heng 26. Robert Yam & Co.Number of employees: 57Number of accountants: 47Managing Partner: Robert Yam 27. Helmi Talib & Co.Number of employees: 56Number of accountants: 48Managing Partner: Helmi Talib 28. Infinity AssuranceNumber of employees: 53Number of accountants: 45Managing Partner: Kuah Hong Woon 29. Reanda AdeptNumber of employees: 52Number of accountants: 48Managing Partner: Vivienne Chiang 30. Kreston David YeungNumber of employees: 46Number of accountants: 32Managing Partner: David Yeung

About the analysis

The analysis by Consultancy.asia focuses on advisory firms that have a heritage in accountancy, and excludes management consulting firms and digital transformation consulting firms. The data is sourced from Singapore Business Review, International Accounting Bulletin and Consultancy.org.

PwC

KPMG

BDO

RSM

Nexi

The 30 largest accounting and advisory firms in Singapore

Here are Singapore’s 30 largest advisory firms with an accounting heritage:

About the analysis

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