Andersen Global expands, partners with OrienTax in Hungary

Banking

Tax and legal services firm Andersen Global and Hungarian tax consulting company OrienTax have signed a collaboration agreement paving the way to Andersenʼs further expansion in the region

OrienTaxʼs György Székely, Károly Radnai and Zsuzsanna Lőrincz (L-R)

Andersen Global already has a strong foothold in Central and Western Europe, with the company expecting the collaboration with Budapest-based OrienTax to play an important role in initiating their presence in Hungary and inspiring continued growth in the region, Anderson sid in a press release sent to the Budapest Business Journal.

"The OrienTax partners had both previously worked at Arthur Andersen and then a Big Four firm, so they understand how incredibly important the culture we are building is to our clients and our employees," says Andersen Global chairman and Andersen Tax LLC CEO Mark Vorsatz. "We spent quite a bit of time evaluating this market and OrienTax stood out as the best. Hungary is an important market for our business as we build out in Central and Eastern Europe. It’s a great match as far as we’re concerned, and we are excited to bring this great group into our fold."

Led by partners Károly Radnai and György Székely, OrienTax describes itself as the largest independent tax service provider in the country. The company provides tax services in a wide variety of sectors, such as agrarian, pharmaceutical, energy, financial, telecom, and technology, along with offering tax consulting for the film and sports industries.

"We always had a desire to have access to a global solution for our clients and Andersen lines up so closely with what we desire in terms of quality of client service and culture," says Radnai. "Our clients expect professionalism, expertise, and trust, so there really were no apprehensions or reservations for us."

Székely adds: "Andersen has a long and very rich history of operating as the best of the best in tax consulting and related services. We’re excited to be a part of the group who is building a firm that exceeds expectations of what a traditional tax firm means to its clients across the globe, and a better industry for future generations."

Andersen Global is an association of legally separate, independent member firms of tax and legal professionals around the world. Established in 2013 by Andersen Tax LLC, Andersen Global now has more than 3,500 professionals worldwide in more than 111 locations through its member firms and collaborating firms.

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