• Register
Return to: Home > announcements > Paul Eagland elected as new Managing Partner of BDO LLP

Paul Eagland elected as new Managing Partner of BDO LLP

Press release by BDO UK

Press release by BDO UK - Paul Eagland has been elected as the new Managing Partner of BDO LLP following a vote of all its partners, the accountancy and advisory firm has announced today.

Paul will succeed the current Managing Partner, Simon Michaels, and will take office on 1 October 2016 when Simon has completed his maximum of two four-year terms as Managing Partner.

Paul comes to the role with a wealth of experience. He has been a member of BDO's leadership team since 2008 and has held a number of senior leadership positions during that time. Key positions include Head of National Tax, Head of National Audit and, most recently, Head of National Professional Services. Paul has been at BDO for 29 years.

Building on a successful eight years

Under Simon's leadership, the firm completed the first proactive strategic merger in the accountancy market for more than a decade when BDO merged with PKF in 2013. BDO's UK revenues have grown over 40% in the last three years and are now approaching £400m, with the firm employing nearly 3500 people in 18 UK offices.

Client service has been BDO's foundation for growth during Simon's tenure. The firm has been independently ranked as number one for client satisfaction for the last four years, outperforming all its major competitors. BDO's people have been central to this success and, under Simon's leadership and with the firm's distinctive values, BDO continues to offer an entrepreneurial and inclusive environment.

A strong balance sheet has given BDO the financial stability to invest for the long term over the last eight years. As a result BDO has made significant investments in new technology and client processes, including market-leading cloud accounting, global outsourcing and data analytics services, as well as consistently investing in its core audit, tax and advisory services.

Internationally BDO is the clear global leader in providing a full range of accountancy and related services to the mid-market. It has 64,500 people working out of 1,400 offices worldwide, generating revenues of $7.3bn.

A focus on our people, the mid-market and new opportunities

Paul's election coincides with sweeping regulatory changes in the accountancy market which are opening up new opportunities for BDO. Recent audit reforms preventing companies from using the same firm for audit and advisory services have opened up the market to increased competition. BDO has been quick to take advantage of this with the firms tax services, for example, growing faster (20%) than any other top ten firm. BDO also works for one third of the FTSE 350 in an advisory capacity.

Taking on his new role, Paul Eagland reaffirmed BDO's commitment to serving the mid-market and bringing its importance to the UK economy to the attention of politicians and government. He also highlighted the vital role BDO's people play in helping the firm grow.

Managing Partner-elect, Paul Eagland, said:

"BDO has a great track record of championing and serving the needs of the UK mid-market and ambitious businesses. This is all down to our people who anticipate the needs of our clients, provide valued expertise and create strong entrepreneurial relationships.

"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.

"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."

According to BDO research, the mid-market is overlooked and undervalued in the UK. Mid-market companies generate over £1 trillion in revenue every year and employ six million people across the country. The mid-market is a dynamic and ever evolving part of the UK economy and includes large private companies, sophisticated mid-market private equity houses as well as AIM-listed and other listed companies.

Paul Eagland added:

"The mid-market falls in a 'policy and profile' gap: too large to benefit from policies tailored to small business, but too small to win the attention that a relatively small number of large global businesses command from the media and policy makers. Under my leadership, BDO will continue to serve and champion the UK mid-market. We will also continue to take the opportunities presented by the recent regulatory changes particularly with public interest entities."

Current Managing Partner, 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."

Paul Eagland biographical information

- 2016 Managing Partner-elect, BDO
- 2014 - 2016 Head of National Professional Services, BDO
- 2009-2014 Head of National Audit, BDO
- 2000-2015 Head of National Tax, BDO
- 1996-2007 Client Service Partner, BDO
- Paul is married with three children. In his spare time he is a keen swimmer and mountain biker.

Top Content

    MSI joins AGN and DFK in Global Connect

    A year after AGN International and DFK International launched Global Connect, multi-disciplinary association MSI has joined the group.

    read more

    Views from the Eurozone

    With Brexit looming, populist governments gaining footholds in a number of countries and movements such as the Yellow Jacket protests in France, 2018 was anything but a quite year for the eurozone. Here leaders report to the IAB on their markets.

    read more

    Eastern promise and how to find it

    With China rising as a global power, Jonathan Minter spoke with ShineWing’s Zhang Ke and Marco Carlei at the World Congress of Accountants 2018 in Sydney, to discuss the cultural challenges that occur when Chinese networks look beyond their border, and the dividends available for those who overcome them.

    read more

    The UK: uncertain waves rule Britannia

    The UK’s accountancy profession is currently in a period of much uncertainty. The Competition and Markets Authority (CMA) has released its review into the listed audit market which could cause the biggest shake-up the profession has seen in years, the Kingman Review has described the Financial Reporting Council (FRC) as not being fit for purpose and called for it to be replaced. All the while the country remains in a deadlock on Brexit negotiations.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.