MDD has launched operations in Spain, with the opening of its Madrid office, in response to a growing European market.
The new office will be headed up by Jaime Muñoz Arroyo (Director), who has over a decade of experience working with both insurers and law firms across a variety of losses in Latin America and Europe. Jaime will be responsible for leading the firm’s first dedicated team in Spain and growing its client base across the region.
In response to increased market demand for regional expertise across Europe, MDD has committed to a continued investment in the region, following the successful opening of its other two European offices in Paris and Dusseldorf in 2019. Clients will also have access to the support of MDD’s global operation and specifically MDD’s professionals in London and Miami.
Jaime Muñoz Arroyo, Director commented: “This is an exciting step for MDD. I look forward to expanding the firm’s first Iberian operation and working with the team to leverage our local market expertise in delivering the exceptional service and professionalism we are known for, while also fostering strong relationships with Spanish insurers operating in Latin America.”
Markus Heiss, Partner responsible for Continental Europe, explained: “Following increased appetite from our clients to have access to on the ground support in the Spanish market, we’re pleased to officially open the office in Madrid and expand our operations further into the European continent. Jaime and the rest of our team’s extensive understanding of this market will allow us to deliver an exceptional service to our clients conducting business in Spain.”
Marcelo Fazio, Chief Innovation and Growth Officer added: “We are constantly striving to expand our service offerings to our clients. This includes well thought out organic growth. The Spanish, Portuguese and Latin American markets have always held close ties. The opening of our Madrid office is a testament to our commitment in providing unrivalled forensic accounting services to our insurance and legal clients in those regions.”
Following its ambitious growth plans across Europe and beyond, MDD is now one of the largest forensic accounting firms in the world, with 330+ professionals serving 1,000+ international clients from 40+ office locations around the world.
In February 2024, MDD announced that it had been acquired by Davies, the specialist professional services and technology business serving insurance and highly regulated markets. The acquisition formed a new business line within Davies’ Global Solutions business and provided MDD’s existing clients with access to its global capabilities including technology and consulting solutions.