RSM consolidates as a leading mid-tier firm in Malta

The Accountancy firm Spiteri Bailey & Co is merging with the member firm of RSM in Malta with effect from 1st January 2016. As a result of this merger, RSM will rank as one of Malta’s leading mid-tier firms.

The new, combined RSM will employ a unique talent pool of around 100 qualified full time professional staff in different disciplines including accounting, law, IT, tax and risk management. This enables RSM to provide holistic service solutions to its clients delivered by the best in class.  

The merged entity which will continue to be an active member firm of RSM International will have 7 partners led by Managing Partner Maria Micallef and including Conrad Borg, Vladimiro Comodini, Joe Ellul Falzon, George Gregory, Karen Spiteri Bailey and William Spiteri Bailey. The partners will be supported by Gordon Micallef and Dr Timothy Zammit, Divisional Directors within the IT Advisory, and the Tax and Corporate service lines, respectively.

Commenting on the merger, Managing Partner Maria Micallef said, “In these past years RSM invested heavily in building in-house the necessary specialist competencies to provide holistic services of quality to our clients. Merging with a firm like Spiteri Bailey & Co will enable us to expand our service portfolio to mid-tier companies that are seeking to expand their business both locally and abroad. It will also help to increase our staff base with competent resources at a time when there is significant difficulty to recruit qualified staff.

"Very importantly, the cultures and work ethic of the respective firms are similar to each other, based on the ethos of delivering high quality work across all our assignments. We are looking forward to streamline the operation over the next few weeks, be of greater service to our clients and consolidate our position as one of Malta’s leading mid-tier firms, within the RSM global network.”

William Spiteri Bailey said, “The choice to merge with RSM comes after a careful process to define our long-term objectives and select the best path to help us get there. Merging with RSM feels like the natural step to take. The partners have known each other for a number of years. We enjoy a strong professional relationship based on mutual respect for our respective undertakings and we are joining a global network of like-minded professionals to service clients in a holistic manner.”

The majority of services and staff will continue to be housed at the RSM offices in Mriehel while the Spiteri Bailey offices in B’Kara will temporarily house the audit service line. The firm will be moving to larger modern premises in 2016.

RSM International is the world’s sixth largest provider of tax services, has the fifth largest firm in the US and the third largest in China. RSM International was the fastest growing top ten global network in 2014, posting an 18% increase in revenue, year-on-year, to US$4.4 billion for the year ending 31 December 2014.

The firm has recently adopted a unified global brand that reinforces the network’s global position as the adviser of choice to entrepreneurial, growth-focused organisations.