Eileen Turkot on RSM’s 4th consecutive year of double-digit growth in Latin America

Global accounting and advisory firm RSM has booked 6% growth in its latest financial year, lifting its global revenues to over $10 billion. Eileen Turkot, the company’s Leader for Latin America, reflects on the performance in the region.

Announced last week, RSM booked 6% revenue growth in the twelve months of 2024. That means that RSM is only the sixth global accounting and advisory network to hit the $10 billion mark, in the footsteps of just the Big Four and BDO.

In terms of growth numbers, the Middle East and North Africa was the network’s top performing region, at 38% growth in fee income, followed by Africa, which achieved 17% growth. The firm’s powerhouse markets North America and Europe grew by 5% and 8% respectively, while Asia Pacific continued its strong growth trajectory, achieving $1.1 billion in revenue on the back of 7% growth.

Latin America

The Latin America regional business lifted its revenue base by 13% to $190 million, marking its fourth consecutive year of double-digit revenue growth. Fee income for assurance services rose by 13% to $78 million, while tax revenues enjoyed exceptional growth of 28% by climbing to $37 million through more businesses seeking cross-jurisdictional support to pursue international growth strategies.

Consulting revenue in Latin America continued its steady growth trajectory with a 6% increase and a fee income of $74 million.

Commenting on the results, Eileen Turkot, Regional Leader for Latin America at RSM, said: “RSM has supported more clients than ever across Latin America to create value and open up new markets for internationally active businesses. This comes at a time where businesses’ resilience, amid significant geo-political, economic and regulatory challenges, has been greatly tested.”

“Central to the success of our clients is Latin America’s position as an international supply chain superpower. The businesses we support are core components of global value chains – owing not just to their access to an abundance of natural resources, but also through the extent of their ambition, their ability to innovate and to generate significant inbound investment into the region.”

“Our 4,000 professionals across Latin America provide our clients with valuable insights and expertise that underline RSM’s status as the leading provider of professional services to the global middle market.”

Notably, in the region, RSM is working on further collaboration between its member firms, in order to provide for more scale and an integrated offering. In 2024, this led to the operational merger of six member firms to form RSM Central America, which has a headcount of around 600.

“For the clients we serve, and our talent across Central America, this delivery model made complete sense and is already making tremendous progress,” said Turkot. “Building such a compelling set of results in Central America in its first year under a new go-to market model is a robust platform on which to build for the future.”