A series of major mergers

A series of major mergers lead to the formation of KMG in 1979, AMSA (later Arthur Young Europe) in 1980 and KPMG in 1986. Further mergers over the course of the 1980s mean the ‘Big Eight’ become the ‘Big Six’.

The name Kreston Internation is born

The name Kreston Internation is born, after an official association of six European firms, from the UK, Netherlands, West Germany, Denmark, France and Sweden.

Edmond Chan

“Gabriel Brosztl of Kreston Bansbach GmbH, one of the founders of Kreston, was instrumental in the early growth of the network. For many years he spent a lot his personal time in Kreston affairs and built up very good relationships with members, and laid down a solid foundation for Kreston…

1971 – 1981 Our humble beginnings

In the 1970s accountancy industry, firms were seeking to expand their activities beyond national borders. Indeed, Kreston was borne out of this idea – to serve clients internationally. The network was brought into being during a decade defined by political and economic turbulence, including events such as the Watergate Scandal…

The Watergate scandal

The Watergate scandal, which follows the Nixon administration’s involvement in a break in at the Democratic National Committee headquarters in Washington DC, rocks the US establishment and beyond. Its revelations of complex bank transfers brings greater scrutiny to business accounting practices.

Dagmar Brösztl-Reinsch

“From what I remember, our firm was quite small at the time and we had a large client who wanted to grow into other countries – Spain, Italy, Switzerland and so on. They asked my father “can you help us if we go across the border?” and at that time…

Founding members

The idea of Kreston was conceived in 1971 when the German firm Bansbach formed a relationship with the UK firm Finnie. The head of Bansbach at the time was Dr Gabriel Brösztl – he and Michael Ross, of UK firm Finnie, were co-founders. Gradually Gabriel and Michael added firms to…