Two highly-specialised Jersey businesses that cater for financial services clients businesses in Jersey – Greenlight Channel Islands and Sator Regulatory Consulting – have become a part of the Jersey BDO network affiliate, to create a one-stop shop for cross-border companies with related needs in the areas of regulation, accounting, tax advice, compliance, governance and “change consulting”.
Also now coming under the BDO Jersey umbrella, going forward, is a sibling business of Sator Regulatory Consulting, KYC Worldwide, which was founded in March 2015 by Sator founder and managing director Helen Hatton.
BDO has had a presence in Jersey for more than 25 years and is located in St Helier. The jersey affiliate is part of BDO International, a Belgium-based global network of accounting, tax and advisory firms which do business out of some 1,200 offices in some 154 countries around the world, and employ more than 64,000 people.
It is said to be the accounting industry’s fifth-largest entity, behind the “Big Four” accounting firms of Deloitte, PwC, EY and KPMG.
In a statement, BDO Jersey said the newly-merged entity was intended to “bring together” the “extensive expertise” that exists between the three businesses in a way that would augment the capabilities of the component entities to look after their clients, particularly in the areas of “regulation, technology and the global tax landscape, which is driving rapid business change”.
BDO chief executive Matthew Corbin (pictured, above, left, with Greenlight chief executive Eliot Lincoln , centre, and Sator’s Hatton, right) added that the transaction would “further enhance our service to clients”.
He continued: “Our focus remains toward assisting our clients [to] successfully navigate fast-paced market change, brought about by rapid advancements in regulation and technology in particular.”
Corbin said that as a result of the deal, the BDO team in Jersey now comprised more than 70 employees, working across all of its various core service lines.
Founded in 2008
Greenlight was founded in Jersey by its current chief executive, Eliot Lincoln, in 2008. The firm provides “hands-on change management services” to businesses that are in need of such assistance.
Sator, which was founded in 2009, offers regulatory advisory services and assistance to international standard setters, regulatory authorities, financial services firms, not-for-profit organisations and non-financial businesses.
In May, Sator founder Hatton answered the question of an International Investment reader, a UK-based investment manager and IFA, who asked, “Can we keep our clients when they go abroad?”
She followed this answer up with additional details in the June issue of International Investment magazine.
According to BDO, other companies that have joined the global BDO network in recent months have included southern Florida, US-based Goldstein Schechter Koch, and Helsinki, Finland-based Consilium Corporate Finance.