BDO Guernsey is now an independent firm within the global BDO organisation, following a management buyout of the business by the Guernsey firm’s board of directors.
Richard Searle, André Trebert, Justin Hallett and Stuart Phillips have purchased the business from BDO LLP in the UK, making BDO Limited a wholly-owned Guernsey company.
The firm's Guernsey heritage extends back 120 years. The business has been part of the BDO international network since the early 1990s and merged with BDO in the UK in 2012 to draw on synergies between the UK and Channel Islands markets at the time.
Richard Searle, BDO Guernsey’s Managing Director, commented: "As part of the UK firm, and as a member of the global BDO organisation, BDO in Guernsey has seen tremendous growth over the past six years.
"Today, Guernsey is experiencing change across the private and public sectors, as well as to the island’s wider position in global markets. Our UK and Guernsey leadership teams have agreed that now is the right time to reinstate a management decision-making model in Guernsey that can directly apply BDO’s future interests to local current trends and developments."
Pictured (l-r): Justin Hallett, André Trebert, Richard Searle and Stuart Phillips