Press release
Date
1 June 2012
For immediate release
Subject
BDO appoints new member firm in Puerto Rico
BDO appoints new member firm in Puerto Rico
BDO, the world’s fifth largest accountancy network, is pleased to announce the appointment
of a new member firm in Puerto Rico.
Previously known as Scherrer Hernandez & Co, BDO Puerto Rico was established in 2000 by
two current partners, Fernando Scherrer and Gabriel Hernandez, and operates out of an
office in San Juan, Puerto Rico. In addition, the new BDO firm has 3 further partners, two
directors and 75 professional and support staff. Total fee income for the year ended 31
January 2012 was US$ 14 million.
The firm provides audit, accounting and business consulting services, as well as tax
compliance and advisory. In 2011 alone, they grew their audit revenue by some 16%. Their
local client base is strong and includes a governmental public insurance entity, as well as
financial institutions, real estate, retail and distribution and construction companies.
President Fernando Scherrer is confident that joining BDO will mean that the firm will grow
rapidly in the near future. “Our firm has maintained consistent growth since its founding and
we are already ranked fourth among Puerto Rico’s auditing and accounting firms. Becoming
part of this well-established international network and benefitting from BDO’s enviable
reputation for delivering consistently exceptional client service is going to have a marked
effect on our international client portfolio, in particular”.
“Our firm has always taken pride in challenging the accepted modes of service delivery and,
based on our core ethics of trust and collaboration, we ensure that we provide the best
results for all our clients. Our project delivery strategy is to deliver to clients on time, on
budget and according to agreed scope”, adds Head of Tax, Gabriel Hernandez.
Martin van Roekel, CEO of BDO International Limited, said “I am very pleased to welcome
such a reputable firm to our network and to our vibrant Caribbean region. We know that our
clients expect more from their financial service providers and that they are looking for a
tailored approach to their accounting needs that reflects the culture they work in and the
kind of businesses they are. BDO Puerto Rico already has a strong local reputation for
delivering service levels that consistently delight their clients and I know that they will join
the BDO firms across this region in bringing up to date ideas to their clients and in delivering
the high quality in their market that our clients worldwide expect.
“For our part, we will certainly provide this new BDO firm with the opportunity to develop
and grow their business, and I look forward to seeing them join in the growth of the region as
a whole”.
Note to editors
Service provision within the international BDO network of
independent member firms (‘the BDO network’) is coordinated by
Brussels Worldwide Services BVBA, a limited liability company
incorporated in Belgium with its statutory seat in Brussels.
Each of BDO International Limited (the governing entity of the BDO
network), Brussels Worldwide Services BVBA and the member firms is
a separate legal entity and has no liability for another such entity’s
acts or omissions. Nothing in the arrangements or rules of the BDO
network shall constitute or imply an agency relationship or a
partnership between BDO International Limited, Brussels Worldwide
Services BVBA and/or the member firms of the BDO network.
BDO is the brand name for the BDO network and for each of the BDO
member firms.
The combined fee income of all the BDO Member Firms, including
the members of their exclusive alliances, was $5.68 billion in 2011.
The global network provides advisory services in 135 countries, with
almost 48,900 people working out of 1,118 offices worldwide
Contacts
Julia Johnson
Brussels Worldwide Services BVBA
Tel (+32 2) 778 0130
bws@bwsbrussels.com
Fernando Scherrer
President
BDO Puerto Rico
Tel (+787)754 3999
Fax (+787) 754 3105
fscherrer@bdo.com.pr
Sandra Rivera
BDO Puerto Rico
srivera@bdo.com.pr
BDO Caribbean
www.bdocaribbean.com