RSM, the seventh largest global network of independent audit, tax and advisory firms, has further strengthened its global presence with the appointment of a new member firm in Panama, RSM Panama S.A.

RSM Panama S.A. is the sixth largest accounting and consulting firm in Panama with clients in a number of sectors including air transport, food, real estate, commerce and hotels.

Jean Stephens, CEO of RSM International, said: “I am delighted that RSM Panama S.A. has joined the RSM network. The firm has a solid partnership and a strong set of clients, and its culture and values fit very well with RSM. We very much look forward to the contribution that RSM Panama S.A. will make, not only to our clients across the Central and Latin America, but also to those investing in Panama from the rest of the world.”

Aristides Batista, Managing Partner of RSM Panama S.A. said: “We are very happy to be part of the RSM network. Our membership will help us to build further upon the services we provide to businesses in Panama and to those in neighbouring countries. We look forward to being part of the RSM team.”

According to the International Monetary Fund, Panama’s average real GDP growth was the highest in Latin America over the last ten years, averaging 8.5 percent, and the economic outlook remains positive. Panama serves as a key link, both geographically and economically, between the USA, Mexico, the Caribbean and the larger economies in Latin America.

RSM has seen significant expansion in the past twelve months with new representation in Brazil, Dominican Republic, Estonia, Finland, Ghana, Isle of Man, Japan, Qatar, Swaziland, Sweden and the UK.