Crunching the numbers: Mazars completes on deal with Corality Financial Group

Hayley Kirton
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Mazars' Bob Green is "delighted to finalise the deal" (Source: Getty)

Get ready for a whole bunch of number crunching: Accountants Mazars has completed its acquisition of financial modelling and training firm Corality Financial Group.

As part of the deal, Corality's training academy and financial modelling services will be rebranded as Corality by Mazars. The new brand will be led by Rickard Warnelid, previously Corality Group's chief executive who will now move across to be a partner in the global infrastructure finance team at Mazars and will be based in Sydney.

"I am delighted to finalise the deal and am excited about the opportunities ahead for our people and our clients," said Bob Green, partner, head of global infrastructure finance at Mazars. "Our clients will now benefit from an even wider geographic reach and broader service offering.

"As part of an international, integrated partnership, the development opportunities for our people are infinite."

Read more: UK could lose £250bn in potential M&A deals after Brexit

Warnelid added: "I am pleased to join the Mazars partnership and to lead the international expansion of our outstanding Training Academy. This is an exciting time for our clients and our teams."

Corality's 120-strong team has expertise across energy, economic and social infrastructure and natural resources, while Mazars has 17,000 staff and operates in 77 countries.

At the end of last year, Mazars merged with Chinese audit firm ZhongShen ZhongHuan, adding 15 offices with 1,800 professionals in mainland China to its network.

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