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Mark Shaw has begun his role as the new managing partner at BDO UK.Shaw described the mid market as the “economic engine” powering UK growth, and highlighted that mid-sized businesses are responsible for one in three UK private sector jobs and have revenues equivalent to half the value of UK GDP.
Despite this, Shaw warned that the mid market risks being “overlooked and undervalued” by policy makers and that, with the right support from government, Britain’s mid-sized businesses will play a central part across all regions of the UK for economic growth.
Shaw said: “The UK’s mid-market businesses have consistently proven to be ambitious and resilient despite an economic backdrop which has for some time been challenging. The success of those businesses, combined with the capabilities of our 8,000 people across our 18 UK offices, supports our own success. It is a privilege to be working with them.”
His appointment comes as a new leadership team at BDO begins. Announced this summer, the 11-strong team will “combine continuity and stability with fresh and diverse perspectives”. The firm will now operate across four core divisions: Audit; Tax; Deals; and Consulting, Risk and Outsourcing.
Shaw added: “I look forward to working with our talented partners and colleagues to achieve balanced growth over the coming years; one that puts serving the public interest, our culture and the wellbeing of our people at its heart.
“Today’s world is uncertain, with people and businesses facing both great challenges and great opportunities. BDO has thrived since it was established in the UK over 100 years ago, but we will not rest on our laurels and must be ready to innovate and adapt to the market opportunities that lie ahead. We will build on our heritage, whilst we look to the future.”
Shaw takes on the role as BDO’s UK revenues head towards the £1bn milestone for the first time, which has been done through controlled growth across all parts of the firm.
Mark said: “It is a privilege to be taking on this role from my predecessor, Paul Eagland, who has now served his maximum two four-year terms. The firm’s growth and development during that time has been extraordinary. On behalf of all at BDO, I extend to Paul and his Leadership Team my sincere thanks for their hard work and their outstanding success.”
