November 2010
BDO, the world's fifth largest accountancy network, is pleased to announce the admission to the network of a new member firm in Belarus, effective 17 November 2010.
Founded in 1997, BDO Belarus was formerly part of the KPMG network and is the largest accounting firm in Belarus by size of fees and number of staff. Based in Minsk, the firm has seen consistent increases in fee income year on year and now employs some 65 partners and staff. Their client base numbers approximately 100 clients for whom they provide audit, assurance, tax and advisory services. The new firm will work closely with BDO Eurasia B.V., a company formed by BDO and its member firms in Cyprus, Georgia, Israel, Kazakhstan, Russia and the Ukraine, with the objective of developing BDO activities in the Eurasia region.
Managing Partner Alexander Shkodin sees great potential for the firm's future with BDO: “Our objective in Belarus is to combine our local knowledge with the international expertise of the BDO network as a whole in order to help leading Belarusian companies and multinational entities alike in achieving their business objectives. The demand for professional and internationally experienced advisers is increasing day by day and we are confident that, with the backing of the BDO network, we can meet that need”.
Jeremy Newman, CEO of BDO, says “The standing and reputation of the firm founded by Mr Shkodin goes before them: it is no surprise that they are now the largest accounting firm in Belarus. With the admission of this significant firm we are furthering the strategic growth plans of BDO in this region I am pleased to welcome them both to BDO Eurasia and the wider BDO network. As with BDO Azerbaijan, which joined BDO Eurasia last month, I am confident that the BDO combination of national and international capabilities will assist us in delivering the best possible professional advice to clients across the region”.
Note to editors
Service provision within the international BDO network of
independent member firms (‘the BDO network’) is coordinated by
Brussels Worldwide Services BVBA, a limited liability company
incorporated in Belgium with its statutory seat in Brussels.
Each of BDO International Limited (the governing entity of the BDO
network), Brussels Worldwide Services BVBA and the member firms is
a separate legal entity and has no liability for another such entity’s
acts or omissions. Nothing in the arrangements or rules of the BDO
network shall constitute or imply an agency relationship or a
partnership between BDO International Limited, Brussels Worldwide
Services BVBA and/or the member firms of the BDO network.
BDO is the brand name for the BDO network and for each of the BDO
member firms.
The combined fee income of all the BDO Member Firms, including
the members of their exclusive alliances, was $5.03 billion in 2009.
The global network has 1,138 offices in 110 countries and more than
46,000 people provide advisory services throughout the world.
Contacts
Julia Henniker
Tel (+32 2) 778 0130
Brussels Worldwide Services BVBA
bws@bwsbrussels.com
Sergei Velyaminov
Tel (+375 17) 210 04 73
Fax (+375 17) 210 04 75
svelyaminov@bdo.com.by