BDO International reveals new
French member firm

BDO International has launched a new member firm in France. BDO
France was created by merging three existing practices and is the
network’s first member firm since BDO Marque & Gendrot joined
Deloitte France in 2006.

The firm has six founding partners, ten additional partners and
167 staff. It has four offices in the greater Paris region, one in
Burgundy and one in Provence. The new entity, together with
referral work from other BDO member firms, has annual revenue of
about €20 million ($29.5 million).

BDO International chief executive Frans Samyn told IAB the three
firms were identified through BDO’s “excellent contacts in the
French market”. “We have been looking to form a firm that could
represent BDO International both from a quality point of view and
from a size point of view and all the larger firms in France are
disappearing from the market,” Samyn said, adding that there are
six giant firms in France – the Big Four, Mazars and Grant Thornton
– but no medium- or large-sized firms.

He continued: “We found some very good people, very motivated and
very interested to join forces and to make a new firm in France
that would be competitive on the French market.”

Samyn said BDO France is aiming to become established in every
major city in the country. “We will have substantial internal
growth and we will also be looking for external growth by merging
with other firms. We have had a number of candidates showing a
great degree of interest,” Samyn said.

Commenting on the new firm, the chief executive of BDO France,
Michel Léger, said: “The new firm responds to clients’ need for
more choice and to the demand by regulators for greater
competition. The BDO brand and access to the BDO International
network gives our firm the necessary stamp of quality and
reputation to compete effectively in today’s ever more globalised
marketplace.”

BDO France supervisory board chairman Jean-Pierre Allouch said: “I
am delighted to be part of this project that adds a new and
credible firm to [challenge] the six largest players on the French
market”.

Carolyn Canham