Auditing firm BDO has recommended that its member firms refrain from accepting external equity investments.
This guidance comes amid a surge of interest from major buyout firms globally, who are looking to invest in the sector, reported Bloomberg.
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According to the leading auditing firm, this decision represents a “strategic reset,” aimed at preserving its “sustainable future” and independence.
The firm’s strategy now prioritises closer integration among its global member firms and a more cohesive approach to market presence.
BDO Global CEO Pat Kramer said: “Choosing independence is a conscious decision made from a position of strength. This approach ensures that we remain in control of our destiny while continuing to build a future-proof organisation.
“This is just one part of the journey. Consolidation among member firms and aligning operations across borders will strengthen our global reach, enhance quality, and deliver greater value for our clients and our people worldwide.”
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By GlobalDataMeanwhile, the auditing firm has also announced a series of executive changes.
Trond-Morten Lindberg has been named the successor to Pat Kramer as Global CEO, with the transition to take place in November 2026.
Lindberg, currently the chief strategy and operations officer, has been working in tandem with Kramer to “shape BDO’s strategy and drive alignment”.
Kramer will remain involved over the next year, collaborating with Lindberg and the global leadership team to enhance the firm’s market position.
BDO’s extensive network spans more than 160 countries and territories, with a workforce of more than 92,000 professionals in 882 offices.
The leadership updates extend beyond the global CEO position. Tony Schiffmann is set to become the global chair in November 2025, following his tenure as chief executive partner of BDO Australia.
He will take over from Wayne Berson, who will be stepping down from the global board chair role.
David Garvey will step into the role of chief executive partner of BDO Australia.
For BDO USA, Matthew Becker has been confirmed as the incoming CEO, with his term beginning in July 2026 after Berson’s retirement.
The BDO Global Board will also see new membership, with Jens Freiberg from BDO Germany joining, replacing the retiring Holger Otte, who has served the firm for over four decades.
Earlier in October 2025, Bloomberg reported that BDO USA laid off employees to cut down expenses.
