Accountancy and business advisory firm, BDO has completed its merger with Moore Stephens, creating the largest UK accountancy and business advisory firm "focused on mid-sized, entrepreneurially-spirited businesses".
From today (04/02/2018), the merged firm will operate under the BDO brand and as part of BDO’s international network, which has 80,000 people and revenues of $9 billion across 162 countries.
The merger, which relates to the London, Birmingham, Reading, Bristol and Watford offices of Moore Stephens, will make BDO the third biggest auditor of listed companies, strengthening its position as calls to improve quality and competition at the upper end of the audit market continue, BDO stated.
Paul Eagland, managing partner of BDO, said: “The audit market is going through a significant period of reform and our clients are facing unprecedented uncertainty as Brexit looms and global trade undergoes fundamental changes. Notwithstanding these uncertainties I’m confident that a combination of our 5,000 people and our reputation for trust and quality, puts us in a fantastic position to help our clients and our people to capitalise on the opportunities that always accompany such change.”
As a result of the merger Simon Gallagher, former managing partner at Moore Stephens, will join BDO’s leadership team as head of advisory.
Additionally, formerly Moore Stephens' chief operating officer, Jon Randall, also joins the leadership team as head of integration and transformation.
In the UK, BDO now has a combined workforce of 5,000 people across 17 locations, delivering revenues of £590 million.
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