• 76% of RSM Firms in Asia Pacific experience revenue growth in local currencies.
• The region witnessed strong demand for tax services, translating into 26% revenue growth for RSM.
• RSM’s cross-border collaboration in Asia Pacific strengthened by Environmental, Social & Governance (ESG) and IT Advisory Hubs

RSM, the leading provider of assurance, tax and consulting services to middle-market businesses, has today announced revenues across Asia Pacific of US$1.1bn for the 12 months to December 2024*.

The results amount to year-on-year growth of 7%, driven by strategic investments in cybersecurity, IT advisory and Environmental, Social & Governance (ESG) cross-border services.

RSM’s services in developed Asian economies have been a major source of regional growth during the last 12 months, driving a 9% increase in revenue across all service lines.

Across Asia Pacific, and to support middle-market businesses pursuing global growth, RSM member firms have made strategic investments in cybersecurity, IT advisory and transfer pricing.

A commitment to regional collaboration has also been pivotal to addressing emerging client needs and driving growth in the region. The implementation of an Environmental, Social & Governance (ESG) Regional Hub and an IT Advisory Hub within Asia Pacific aim to deliver cross-border solutions to better serve clients seeking advice in sustainability, reporting and digital transformation.

The region additionally recorded strong demand for tax services, resulting in a 26% revenue increase to US$175.7mn. Fee income for assurance services grew 7% to US$611.7mn.

Stephen Darley, Regional Leader - Asia Pacific at RSM International, commented: "This year’s results reflect the strength of our network and our ability to adapt to the evolving needs of middle-market businesses. Our investments in collaboration and innovation have enabled us to deliver exceptional value to clients operating in complex and fast-changing environments.

"Looking ahead, we plan to expand our advisory services in Asia Pacific, concentrating on M&A, corporate finance and tax due diligence. We will also be investing in digital transformation solutions, particularly our cybersecurity and blockchain technologies in Hong Kong and Singapore to ensure we are meeting client needs.”

A strong financial year in Asia Pacific adds to RSM’s global success, with the global organisation announcing worldwide revenues of US$10 billion for the 12 months to December 2024**.

The results amount to year-on-year growth of 6% and make RSM only the sixth global accounting network to exceed combined fees of $10 billion.

Global fee income for assurance services grew 15% to US$3.2bn, while RSM’s tax revenues rose by 11% to US$2.9bn, marking a second year in succession of double-digit growth. Global consulting revenue remained consistent with US$3.9bn, proving to be RSM’s strongest performing service line overall for a third year in a row.

E.J. Nedder, CEO of RSM International, added: “The combined revenues recorded by our organisation are testament to the value our member firms bring to a core part of the global economy, and underpin the vision of RSM’s 2030 global strategy. Our seamless and specialist cross-border solutions enable both middle-market and internationally active businesses to navigate challenges and build upon opportunities with confidence.

^{*2023 regional fee income was US$1bn 
**2023 global fee income was US$9.4bn 
All figures and growth percentages use constant currency exchange rates.}