What's Happening?
BDO has announced the appointment of Andrew Howson as the new UK head of private equity. Howson, who joined BDO in 2017 as a transaction services partner, has previously held senior roles at EY and Deloitte.
He has been an integral part of BDO’s private equity leadership team, establishing strong relationships with private equity investors and portfolio companies. In his new role, Howson will focus on expanding BDO’s services and enhancing relationships within the private equity community. This includes exploring cross-border opportunities and working closely with Jamie Austin, who leads the global private equity initiative. BDO operates in 166 countries, employing over 119,000 people, and generating $15 billion in revenue globally. In the UK, BDO has 18 offices with 8,000 employees and £1 billion in revenue.
Why It's Important?
The appointment of Andrew Howson as the UK head of private equity at BDO is significant for the firm’s strategic growth in the private equity sector. Howson’s extensive experience and established relationships are expected to drive BDO’s ambition to become a leading private equity practice globally. This move is crucial as it positions BDO to better serve its private equity clients throughout the transaction lifecycle, potentially increasing its market share and influence in the financial services industry. The expansion of BDO’s services and strengthening of its market position could lead to increased business opportunities and revenue growth, benefiting both the firm and its clients.
What's Next?
Andrew Howson’s appointment is likely to lead to a series of strategic initiatives aimed at expanding BDO’s presence in the private equity market. This may include developing new service offerings, enhancing client relationships, and pursuing cross-border transactions. Stakeholders in the private equity community can expect BDO to actively seek new partnerships and collaborations, leveraging Howson’s expertise and network. The firm’s focus on innovation and client service could result in increased competitiveness and influence in the global private equity landscape.
