BDO global revenues up 4%
Middle East and Asia Pacific performance sees BDO revenues increase in 2011
BDO’s GLOBAL FEES climbed 4% to €4bn for 2010/2011.
The fee increase, which equates to a 7% rise in dollars ($5.7bn), came with strong growth from the Middle East and Asia Pacific regions.
The Middle East grew revenues by 31%, buoyed by good performance from its new Lebanese member firm. Asia Pacific grew 21%, with Japan, China and Australia performing well.
In Europe, BDO grew 1.1%, while Latin American fees declined slightly – in part as a result of its Brazilian firm moving to KPMG.
Martin van Roekel, who took on the international CEO role from Jeremy Newman on 1 October, said: “Client service is the foundation on which we’ve built our global business and continuously developing and implementing exceptional service delivery is the key thrust of BDO’s business strategy.
“These positive results across the board are testament to our commitment to operate as a seamless, integrated network, in which our firms are experts in the country in which they operate, while our shared global methodologies and rigorous quality assurance ensure that our clients experience the same service excellence worldwide”.