Accounting and consulting agency BDO is getting set to launch an workplace in Canberra, with former Large 4 public sector companions Paul McDougall and Ridhish Arora recruited to steer the brand new observe.
The transfer is being made on the again of agency’s trend-bucking progress of 14 p.c to $540 million in revenues, with the BDO now trying to lower additional into the Large 4’s shrinking slice of the federal consulting pie.
The agency expects its new observe in Canberra will add an additional $40 million to $50 million to its backside line inside the subsequent 4 years, constructing as much as a headcount of probably ten companions and extra than100 workers over that point.
“Now we have workplaces in each capital metropolis, and the Parliamentary triangle is a superb location for us to broaden and develop into Canberra,” BDO’s chief government associate Tony Schiffmann stated of the agency’s supposed locale. “We’re placing down agency roots and never some fly-in, fly-out operation. We’re in for the lengthy haul, and we’re very excited in regards to the prospects for BDO in Canberra.”
Main the native cost shall be two-decade PwC veteran and former Canberra belief & danger providers lead associate Paul McDougall, who crosses after the previous yr at Scyne Advisory, whereas ex-Deloitte consulting associate Ridhish Arora joins to move up BDO’s federal authorities digital transformation providing after spending the previous three and a half years as a founding know-how associate at Sayers.
Collectively, the pair convey within the area of 5 a long time value of enterprise evaluation and advisory expertise to their new roles. McDougall joined PwC from the division of human providers in 2004, and in addition served as federal healthcare shopper lead throughout his time on the agency, whereas Arora spent seven and a half years at Deloitte previous to Sayers with earlier stints at Altis Consulting and PwC.
Canberra consulting
In saying the launch, BDO’s impartial chair David Fagan revealed that the agency’s current public sector observe already contributed roughly one fifth of its annual revenues, with demand for “high quality impartial views and specialist data” from present purchasers and the broader Canberra market resulting in the agency’s determination to arrange store within the nation’s capital.
“Now we have demonstrable functionality within the work we do for the general public sector, and we’re excited to convey that experience and construct {our capability} in Canberra,” Fagan acknowledged, including that the agency – Australia’s fifth-largest of its variety – would embed itself in the local people. “To construct an enduring presence in Canberra, we’ll be making vital investments in our folks and premises.”
BDO turns into the most recent in a sequence of big-name consultancies to broaden into Canberra amid the Large 4 turbulence, together with current entries by KordaMentha and international administration agency Oliver Wyman. Earlier within the yr, RSM additionally established a administration consulting wing within the capital, whereas William Buck expanded into the ACT through a hook-up with native advisory Hyperlink Capital Companions.
