BDO names new managing partner
BDO LLP has appointed Paul Eagland as the firm's new Managing Partner, following a vote of all partners.
Paul Eagland will succeed Simon Michaels, who is ending an eight-year tenure in the position later this year.
Under Simon's leadership, BDO’s UK revenues have grown over 40% and the firm completed a proactive strategic merger with PKF, BDO said.
Simon Michaels said: “I’m delighted that Paul will take over as the new BDO Managing Partner. He is passionate about empowering our talented people and promoting our values and has the experience, knowledge and vision to lead this firm successfully.
"I know Paul will make sure that BDO continues to lead the market by investing in people and technology and ensuring we take advantage of regulatory changes that open up the market.”
Image courtesy of BDO LLP
Paul has almost 30 years' experience under the BDO banner and has been a member of the leadership team since 2008.
Previously, he has occupied the roles of Head of National Tax, Head of National Audit and, most recently, Head of National Professional Services.
He was elected by a vote of all the firm partners and will take office as Managing Partner on 1 October 2016.
Paul said: “I am excited about leading this business as we continue to support our people and invest in new technology and services. But no one has a monopoly on good ideas: my first step as Managing Partner-elect will be to engage with the business, listen to our people and learn."
His appointment comes at a time of sweeping regulatory changes, which BDO describes as an opportunity for increased competition and a wider client base. The firm employs 64,500 people in 1,400 offices worldwide, including 3,500 people in the UK.
Paul commented: “As well as spending time listening to our people I will be working with our clients. Understanding the market they operate in, and the challenges they face, will help me cement our position as the best advisers to the mid-market.
"The economic influence of our client base is huge and it’s up to us to help them thrive.”
Source: BDO LLP