Ken Deayton, CEO and Managing Director of TMF Hong Kong, says that the firm is looking forward to rapid growth in Hong Kong and Asia

Global management and accounting outsourcing firm, TMF, is pursuing an aggressive growth strategy in Asia by acquiring two companies, Asian Financial Services Limited and Baker Tilly Hong Kong.

The two organisations will merge to form the Hong Kong office and regional headquarters of the TMF group. Ken Deayton, CEO and Managing Director of TMF Hong Kong Ltd said TMF began the search for suitable local partners when the firm recognised a gap in the market, a gap which evolved when the Big Four, along with other large international accounting practices, divested their corporate services division. 

"This move created a need for a full range of services available on a truly global basis. TMF initiated negotiations with AFS and Baker Tilly after recognising the synergy with the two dynamic companies and the final agreements were signed early this year," explained Mr Deayton.

TMF's aggressive Asian strategy takes off with more offices planned in Singapore, Bangkok, Seoul and Tokyo in the coming months. Shanghai has already been established for sometime and is in full operation.

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