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January 6, 2015

BDO reshuffles its Greek operations

BDO International has replaced BDO Hellas, its Greek member firm, with Omega Audit formerly part of Baker Tilly International, effective 1 January 2015.

BDO Hellas is a combination of two member firms which left the international network, effective 31 December 2014. The two will return to their original brands: Delta Partners Certified Public Accountants and D.P. Business Solutions.

The agreement has been described by BDO International as "amicable".

Delta Partners Certified Public Accountants managing partner Vrasidas Damilakos said: "A parting of the ways can be a difficult time but, in this instance, my partners and I are very happy with the way both parties have acted, in the mutual understanding that this proceeding is the best outcome for all concerned."

He added: "We shall continue our operations as usual and we welcome future opportunities to collaborate with our former colleagues in BDO."

BDO chief executive officer for EMEA Anders Heede added: "Despite this separation of our working agreement, the cordial relationships that have been maintained are a symptom of the amicable spirit in which this decision has been arrived at, and we are looking forward to future cooperation with the firm."

The addition of Omega Audit which will rebrand into BDO Certified Public Accountants will ensure an uninterrupted presence in Greece for BDO International.

Omega Audit was born out of Baker Tilly former Greek member firm, Baker Tilly Hellas, which left the network in November 2014. While a part of the departing members of Baker Tilly Hellas established VNT Auditing, which subsequently re-joined Baker Tilly International, the remaining member formed Omega Audit.

The seven partners and 70 staff of Omega Audit join BDO International effective 1 January 2015. The firm provides audit and accounting, tax, corporate finance and forensic services, with a specialised focus in the retail and manufacturing sectors.

Related articles:

Baker Tilly International re-enforces presence in Greece

BDO International changes Greek representation

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