BrazilThe 30 largest accounting and advisory firms in Singapore
What are Singapore’s largest professional services firms 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 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 firm, 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.
Singapore’s 30 largest advisory firms with an accounting heritage:
1. PwC
Number of employees: 3,700
Number of accountants: ~2,500
Managing Partner: Yeoh Oon Jin
2. EY
Number of employees: 3,500
Number of accountants: ~2,300
Managing Partner: Max Loh
3. KPMG
Number of employees: 3,160
Number of accountants: 1,500
Managing Partner: Ong Pang Thye
4. Deloitte
Number of employees: 2,900
Number of accountants: ~1,800
Managing Partner: Pui Yuen Cheung
5. RSM
Number of employees: 1,000
Number of accountants: 900
Managing Partner: Paul Lee
6. BDO
Number of employees: 560
Number of accountants: 521
Managing Partner: Fankie Chia
7. Baker Tilly
Number of employees: 315
Number of accountants: 285
Managing Partner: Joshua Ong
8. Foo Kon Tan
Number of employees: 290
Number of accountants: 260
Managing Partner: Kon Yin Tong
9. Nexia
Number of employees: 265
Number of accountants: 235
Managing Partner: Henry SK Tan
10. Mazars
Number of employees: 245
Number of accountants: 220
Managing Partner: Denis Usher
11. Crowe Horwath
Number of employees: 240
Number of accountants: <240
Managing Partner: Tan Kuang Hui
12. Moore Stephens
Number of employees: 215
Number of accountants: 160
Managing Partner: Neo Keng Jin
13. Kreston Ardent CAtrust
Number of employees: 168
Number of accountants: 155
Managing Partner: Terence Ng, Paul Tan
14. RT
Number of employees: 140
Number of accountants: 45
Managing Partner: Ravi Arumugam
15. PKF-CAP
Number of employees: 115
Number of accountants: 110
Managing Partner: Michael Chin
16. UHY Lee Seng Chan & Co.
Number of employees: 108
Number of accountants: 88
Managing Partner: Lee Sen Choon
17. Lo Hock Ling & Co.
Number of employees: 95
Number of accountants: N/A
Managing Partner: Lo Wi Min
18. Audit Alliance
Number of employees: 94
Number of accountants: 88
Managing Partner: Bernard Lee
19. Grant Thornton
Number of employees: 94
Number of accountants: 80
Managing Partner: Jeff Vibert
20. HLB-Atrede
Number of employees: 93
Number of accountants: 86
Managing Partner: Andrew Tan
21. Cypress Singapore
Number of employees: 89
Number of accountants: 86
Managing Partner: Lok Lai Cheng
22. Precursor Assurance
Number of employees: 80
Number of accountants: 69
Managing Partner: Tan Khoon Guan
23. BSL Group
Number of employees: 72
Number of accountants: 64
Managing Partner: N Vimala Devi
24. Fiducia
Number of employees: 60
Number of accountants: 60
Managing Partner: Wayne Soo
25. Heng Lee Seng
Number of employees: 60
Number of accountants: N/A
Managing Partner: Michael Heng
26. Robert Yam & Co.
Number of employees: 57
Number of accountants: 47
Managing Partner: Robert Yam
27. Helmi Talib & Co.
Number of employees: 56
Number of accountants: 48
Managing Partner: Helmi Talib
28. Infinity Assurance
Number of employees: 53
Number of accountants: 45
Managing Partner: Kuah Hong Woon
29. Reanda Adept
Number of employees: 52
Number of accountants: 48
Managing Partner: Vivienne Chiang
30. Kreston David Yeung
Number of employees: 46
Number of accountants: 32
Managing 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 analysis is based on data from International Accounting Bulletin, Singapore Business Review and Consultancy.org.
