Mazars executive arrives for partner event

Loïc Wallaert, partner of Mazars in France and Advisor to the Group Executive Board, is in Cyprus for the launch event of Mazars in Cyprus, taking place at the Hilton on Wednesday.

The event, where Finance Minister Haris Georghiades has also been invited, marks the end of the local associates of Mazars, Nacouzi & Co., with the company now joining the international network and the local executives becoming partners.

“We have been cooperating with Mazars for quite some time now and after this partnership, our 21 staff will be able to enjoy an increase in turnover in all areas, in particular our local expertise areas of financial services, banking and insurance,” said Petros Nacouzis.

Ranking as a top five audit and advisory firm in its home market of France, Mazars is a leading company throughout Europe, based on a unique integrated model that is based on profit sharing, as opposed to loose alliances.

Loïc Wallaert joined Mazars in 1995. He has a significant experience in the audit of large listed international groups such as Danone, Icade, Pernod Ricard, PSA Peugeot Citroen, Publicis and more recently Schneider Electric and LVMH.

Within Mazars, Loïc is advising the Group Executive Board on international operations and has thus a deep knowledge of Mazars offices around the world. He also directly coordinates countries in the EMEA region (including Cyprus) and in North America. He has also been involved in many external growth projects within the Group.

Since 2012 he is also a member of the Governing Council of Praxity, the world’s largest alliance of independent and unaffiliated audit and consultancy companies.