BDO services all Central America with new firm in Belize

03 May 2018

BDO, one of the worlds largest accountancy and business advisory firms, has incorporated a new firm in Belize. The move aims to serve local businesses in Belize and also in the British Oversea’s Territories of Turks & Caicos. 

The addition of the new firm to the BDO network means that the advisory company now has a presence in every country in Central America. The firm also has an extensive network across South America and the Caribbean operating in 33 countries in the region. 

BDO’s new Belize firm was founded in 1972 and previously was affiliated to the Crowe Horwath network – one of BDO’s rival networks globally. BDO Belize joined on the 1st of April, 2018, and has since been offering audit, outsourcing, tax and consulting services to local and regional players.

Stanley Ermeav, BDO Belize’s founding partner, said that he is “very proud” that his firm is joining BDO’s global network, stating “Our firm’s core purpose is to deliver outstanding services to our clients, so we are very much in tune with BDO’s exceptional client service brand promise.”

BDO services all Central America with new firm in Belize

“With an overarching mindset of ‘the best or nothing’, our partners and staff subscribe to principles and values that enable us to deliver high quality, cost effective and timely services consistently,” Ermeav said.

Albert Lopez, who is the Regional CEO for BDO in the Americas, commented “I’m delighted to welcome this new firm to BDO, which already has an excellent reputation in its local market. BDO’s expansion strategy has focused on critical players and Stanley Ermeav and his team represent an important milestone in the development of BDO in the region.”

Lopez took over the top spot in January this year amid a structural reshuffle and speculation about the opening of a new Latin American headquarters. The new headquarters is rumoured to be in either Atlanta (US) or Miami. 

He continued; “With the addition of BDO Belize, we now have a footprint in every country in central America. With their emphasis on the importance of teamwork and mutual respect, I am confident that they will help to ensure that our clients right across the Americas can benefit from the combined expertise of all BDO firms – while at the same time find the service capabilities to fulfil their complex needs at local level.”

Globally, BDO is with around 74,000 partners and staff in 160+ countries one of the world’s top ten largest accounting and consulting networks.


BDO adds professional services firm in Bolivia to network

11 February 2019

Global professional services firm BDO has expanded its footprint in Latin America with the addition of a new member firm in Bolivia. 

The firm, trading as KPI Auditores y Consultores, was founded in 2010 and is managed by a team of seven partners, with managing partner Marcelo Berthin at the helm. Six of the new firm’s seven partners have a background at BDO, while the group also bring experience at tier-one accounting and consulting firms including EY, PKF and PwC to its new parent. KPI, previously affiliated with rival network Antea, which it joined in 2014, has been rebranded as BDO Bolivia. 

“BDO Bolivia’s goal is to deliver outstanding audit, financial advisory, tax, consulting, and digital services to clients,” said Berthin, who has been leading the firm since 2014, after serving a large bank, the United States Agency for International Development (USAID; a US agency that battles extreme global poverty) and EY, where he spent a decade in the firm’s audit department. While the firm works for clients across a range of sectors, its focus lies on clients in manufacturing, mining, not-for-profit, investment services and agriculture.

BDO adds professional services firm in Bolivia to network

According to Berthin, formerly KPI Auditores y Consultores will be able to benefit from BDO’s global reach – the world’s fifth largest accounting group has over 80,000 employees in 160+ countries – and the cross-border work which flows out of the network. “The recent increase in business enquiries from the UK, Germany, Panama, Chile and Brazil that we’ve received through BDO’s global organisation confirm this and points to further expansion for BDO in Bolivia.”

He added that the local teams based in La Paz (headquarter) and Santa Cruz will also be able to tap into BDO’s deep industry and functional expertise.

Commenting on the expansion in Bolivia, Albert Lopez, BDO’s Regional CEO for the Americas, said: “I am very pleased to welcome a leading firm in Bolivia to BDO. With significant experience in Bolivia, servicing national and international companies and institutions, the team have an established reputation that will launch BDO onto new paths of growth in Bolivia. The new firm’s ability to provide integrated solutions to its clients in the country will, when combined with BDO’s global reach, see business coming in from the wider Latin American region and beyond.”

Across Latin America, BDO has more than 5,100 professionals working from 63 offices in 23 countries. The firm’s largest offices are located in economic hotspots such as Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru and Uruguay. 

Late last year, professional services firm Andersen Global touched in Bolivia with the addition of Tufiño Villegas to its network. The tax and legal advisory was founded in 1995 and has offices in capital city La Paz, Santa Cruz and Cochabamba.