TMF GROUP GLOBAL INDEPENDENT ADMINISTRATORS

Acquisition Business Process Outsourcing Division from KPMG Argentina

In December 2006, TMF acquired the business process outsourcing department from KPMG in Argentina. By acquiring this BPO department, TMF now has a significant presence in Argentina with nearly 130 employees in Buenos Aires and an office in Cordoba with 14 employees.

KPMG BPO's client base largely comprises subsidiaries of multi-national corporations. Synergies and efficiencies will be gained from integrating TMF with the business acquired from Ernst & Young and KPMG.
TMF Argentina is managed by Carlos Stocker, and the two former KPMG BPO partners, Walter Gutsch and Daniela Diaz Quijano.