Jessica Fino 29 Jan 2019 12:21pm

UHY adds Iranian firm to its network

UHY Hacker Young has added Hadi Hesab Tehran to its network, strengthening its presence in the Middle East

Before joining UHY, the Iranian firm was previously a member of Leading Edge Alliace Global and SNG Africa.

Hadi Hesab Tehran was set up in 2003 in Tehran, and has currently 40 staff including five partners. It provides audit and advisory, tax, insolvency and recovery, corporate finance and consultancy services.

Hamid Reza Keyhani, managing partner of Hadi Hesab Tehran said, “Our country, considered an energy superpower, is a frontier market with a strong performing stock exchange.

“Our firm has joined the UHY network for many reasons and is committed to provide the necessary resources to help our clients operate more efficiently in a global market place.”

An UHY spokesperson said that the firm hopes to adapt the UHY dual branding in due course, but local legislation does not currently permit this.

UHY chairman Rick David said, “We are delighted to welcome Hadi Hesab Tehran to the UHY network. Iran, the second largest economy in the Middle East and North Africa region after Saudi Arabia, coupled with a noticeable state presence in manufacturing and financial services, reinforces our regional footprint and strengthens UHY’s international market expertise.

“We very much support the capabilities Hadi Hesab Tehran bring to serve our clients’ international needs and opportunities,” he added.

UHY has recently been adding new firms to its network across the world. Earlier this month it announced moves in Nepal and Brazil.

David was named the new global chairman in November last year. He said at the time his main objectives included expanding its global network. “We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on,” he said.