Grant Thornton Expands Global Footprint with UAE Firm Integration

Grant Thornton Advisors has announced a significant expansion of its international network by merging its UAE, Luxembourg, and Cayman Islands member firms into its existing multinational platform. This move follows the January consolidation of Grant Thornton firms in the U.S. and Ireland, resulting in a combined team of over 13,000 professionals and adding nearly $150 million in annual revenue to the group's $2.7 billion total. Grant Thornton UAE's CEO, Hisham Farouk, highlighted that this integration unlocks greater expertise, advanced technology, and enhanced insights, enabling the firm to deliver increased value and accelerate growth both locally and internationally. The mergers aim to align services more closely with the needs of top international asset management and insurance clients by providing multinational resources and specialized knowledge unique to Grant Thornton's expanded platform. Regulatory approvals are pending for the Luxembourg and Cayman transactions, with leadership emphasizing the enhanced opportunities and bolstered technological capabilities these changes bring to their teams and clients. This strategic consolidation is part of a broader trend of private equity-fueled growth within the accounting and consulting industry, aimed at creating a seamless global service experience across key financial hubs.