BDO International ook in Panama

Dit is een origineel persbericht.

BDO International appoints new Member Firm in Panama

BDO International is pleased to announce the appointment of a BDO Member Firm in Panama, effective 15 January 2007. The new firm will be known as BDO Bustamante & Bustamante.

Until recently a correspondent firm for a smaller network, BDO Bustamante & Bustamante was founded by the two brothers of the same name, Alfonso and Ruben, in 1987. A third partner, Ladia Aguilera, completes the highly qualified trio heading up a firm of more than 120 professionals and support staff.

Their vision, dedication and professional commitment have positioned the firm as fourth in the Republic of Panama's national ranking, with a service emphasis on audit, as well as tax, outsourcing and other specialist advisory activities. Their current client portfolio numbers more than 400, including financial institutions and public sector entities in Panama itself, as well as a number operating in several Central & South American countries.

Of the firm's joining the BDO International network Managing Partner, Alfonso Bustamante, said 'We have already had the good fortune to work with a number of BDO Member Firms on this continent, as well as in Europe and the USA, so for us becoming part of the organisation is a logical next step. Our firm has well-defined expansion plans and, as number 4 in our local market, we are well positioned to take advantage of the positive economic changes happening in Panama. Adding the BDO brand, with its inherent world wide expertise and network, to our name can only improve our prospects further.'

Frans Samyn, CEO of BDO International, agrees that the economic outlook for Panama has progressed significantly in the last few years, and looks set to continue to do so. 'Panama is an important financial centre in the region and is at the same time experiencing a boom in both the tourism and real estate sectors. As a result, several of our Member Firms have expressed a need for a professional services firm in the Republic and, indeed, have already had dealings with Bustamante & Bustamante. I am certain that the stature and experience of this firm will generate still more international referred work for the BDO International network and that they will provide the distinctively different BDO option for both their local and internationally-minded clients.'

Note to editors:

BDO International is a world wide network of public accounting firms, called BDO Member Firms, serving international clients. Each BDO Member Firm is an independent legal entity in its own country. The combined total fee income of all BDO Member Firms was US$ 3.911 billion in 2006. The global network has 621 offices in 107 countries, and almost 30,000 partners and staff in the Member Firms provide business advisory services throughout the world.

For further information please contact:

BDO Bustamante & Bustamante, Panama. Tel: (+507) 236 4155; Fax: (+507) 236 4143

e-mail: [email protected]

BDO Global Coordination Office, Brussels, Belgium. Tel: (+32 2) 778 0130; Fax: (+32 2) 778 0143

e-mail: [email protected]

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