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Advisory for Emerging Markets

Trusted counsel for growth markets across Africa, the Middle East & Asia

Emerging Market Partners delivers business advisory, financial due diligence, risk and corporate finance — led by Ray Melbourne Davies, FCA, Chartered MCSI, a former KPMG Senior Partner with 40+ years of global experience.

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FCA · Chartered MCSI Former KPMG Senior Partner 3 continents served
Regional focus: Sub-Saharan Africa Middle East Southeast Asia
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Years of expertise
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Continents served
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Advisory disciplines
1984
Practising since
About the Firm

A boutique advisory practice with institutional depth

Emerging Market Partners is a financial management consultancy with roots in accountancy and leadership at the highest level. We help corporates, investors and development institutions navigate complexity across Sub-Saharan Africa, Middle East, Southeast Asia.

Rather than a narrow niche, our value is breadth with rigour: institutional evaluation, change management, financial due diligence in mergers and acquisitions, regulatory compliance and the review of risk-management systems — delivered with cultural fluency and measured outcomes.

“A thought leader commanding over 40 years of expertise across audit, risk, corporate finance, strategic planning and business transformation.”

Core deliverables

Strategic DirectionGovernance & AuditRisk ManagementGlobal MarketsSound Financial ManagementStakeholder ManagementFinancial ServicesBoard AdvisoryPrivate Equity & Investment
Areas of Expertise

Deep capability, applied with judgement

Four decades of practice distilled into six disciplines that move the needle for our clients.

Developing Risk Management Systems

Devising and implementing corporate governance and regulatory practices and financial management systems in line with statutory capital and liquidity requirements.

Project Management

Planning, monitoring, scheduling and evaluation of complex multi-stakeholder programmes.

Leadership

Bringing clarity, understanding and a practical approach to effective performance across teams and functions.

Business Strategy

Creating vision and long-term goals to ensure profitable, sustainable results.

Business Development

Building client and customer relationships underpinned by a genuine service culture.

Financial Reporting & Management

Establishing effective accounting and reporting systems in compliance with International Financial Reporting Standards.

Services

Advisory across the full lifecycle

Discuss your needs
01

Mergers & Acquisitions

We work with management to implement and integrate the business combination following a merger or acquisition.

02

Financial Due Diligence

We conduct financial and legal due diligence of the target business in any proposed merger or acquisition.

03

Management & Strategy Consulting

We work with management to evaluate business performance through rigorous comparative analysis.

04

Investment Appraisal

A critical appraisal of projected returns over a given period, with comparative analysis to guide capital decisions.

05

Accounting Systems & Controls

We advise on appropriate accounting systems and control mechanisms aligned with the nature of your business.

06

Internal Audit

A critical evaluation of the control processes and systems in place for the conduct of the organisation’s business.

07

Risk Management & Compliance

We identify key risks, establish a Risk Register and address statutory and regulatory compliance matters.

08

Financial Reporting

Establish the governing reporting framework and guide the implementation and adoption of IFRS.

Engagements are scoped flexibly — from short, targeted reviews to long-term partnership. Schedule a call to discuss yours.

Our Approach

A disciplined path to embedded results

Every engagement follows a clear arc — understand, plan, then embed change so it lasts.

  1. 01

    Preliminary Review

    We begin by focusing on your needs and the core objectives of the business — understanding context before recommending change.

  2. 02

    Action Plan

    We develop a clear, prioritised action plan with measurable outcomes and realistic timelines for delivery.

  3. 03

    Review & Embed

    We review processes to ensure improvements are embedded in management actions and sustained over the long term.

Track Record

Four decades at the centre of complex deals

Selected highlights

1

Led the KPMG practice in Sierra Leone through its transition into the Baker Tilly Global Network, managing continuity for all firm clients.

2

Served as interim CFO of Development Finance Institution Shelter Afrique — leading corporate and financial restructuring and the implementation of IFRS 9.

3

Built enterprise-wide risk planning for ICARDA (Beirut), running internal audits across the Middle East, North Africa and Southeast Asia, reporting to the Director General and Audit Committee.

4

As Senior Partner at KPMG Malawi, led ~100 staff and 5 partners; lead advisory partner for listed clients including Old Mutual, Stanbic Bank, Nedbank and Press Corporation.

5

Evaluated the financial model and business plan for IDEA (UK) Ltd, guiding funding options for an initial raise of $50m.

Executive career

  1. 2009 – Present
    Managing Partner
    Emerging Market Partners
  2. 2018 – 2019
    Executive Chairman
    KPMG Sierra Leone
  3. Mar – Dec 2017
    Interim CFO
    Shelter Afrique
  4. 2012 – 2014
    Consultant, Internal Audit & Risk
    ICARDA (CGIAR Center, Beirut)
  5. 2010 – 2012
    Finance Director
    International Development Enterprise Associates (UK) Ltd
  6. 2009 – 2010
    CFO
    Summit Development Group
  7. 2008 – 2010
    Independent Financial Management Consultant
    Self-Employed
  8. Sep – Dec 2008
    Consultant, Banking & Finance
    Actis
  9. 2006 – 2008
    Director, Transaction Services
    KPMG UK
  10. 1998 – 2006
    Senior Partner
    KPMG Malawi
  11. 1984 – 1997
    Senior Partner
    KPMG Sierra Leone & The Gambia
Governance & Credentials

Trusted in the boardroom

Board & committee contribution

Chairman
British Chamber of Commerce in Sierra Leone
Chairman
DFID Complete Salone Investment Committee
Board Member · Chair of Audit & Risk
The Petchey Academy, London
Trustee
NAPPCUK

Education & professional standards

Advanced Management & Leadership
Saïd Business School, University of Oxford
ACA — Corporate Finance, Financial Reporting & Company Law
London School of Accountancy
Fellow (FCA)
Institute of Chartered Accountants in England & Wales
Member (MCSI)
Chartered Institute for Securities & Investment
Contact

Let’s discuss your next move

Whether you’re evaluating an acquisition, strengthening governance, or entering a new market — we’d be glad to help.

Call+44 7776 245454Emailrmraydavies@gmail.com
Office
284 Station Road, Harrow, Middlesex
HA1 2EA, United Kingdom
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Make an enquiry

Tell us a little about your needs and we’ll respond promptly.