Organizational changes in BDO Hungary's consulting business
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In early 2021, the owners and the management of BDO Hungary decided to merge its financial advisory and hotel and real estate services, which have been operating in parallel for more than 10 years, and to create a business line that provides complex, one-stop-shop financial and real estate services in accordance with the international network strategy previously adopted by the group, according to a press release sent to the Budapest Business Journal.
The goal of the transformation is to create synergies between the successfully operating consulting competencies to serve clients in a more efficient and complex manner, BDO Hungary says.
The company's renewed advisory services will provide financial and real estate advisory, as well as hotel and tourism services, and is planning to introduce new, innovative services in the future.
The new acting managing director of financial advisory is Ákos Csobádi who came to BDO with nearly two decades of experience in the banking and finance sector and intends to place greater emphasis on developing bank financing, restructuring, company valuation, business plan reviewing, due diligence, and transaction services and to leverage on the post-COVID reconstruction and financial stabilization opportunities. Csobádi gained experience in managing and selling large real estate portfolios, as well as in the areas of structured project financing, syndicated financing, and financial restructuring at the Raiffeisen Bank Group.
Managing director György Rábai, who is an RICS accredited surveyor, will remain head of real estate advisory and property valuation, his main clients being real estate funds, real estate development companies, and financial institutions. Rábai is responsible for the valuation of office, logistics and industrial, as well as retail properties and, in cooperation with the hotel branch, for the valuation of hotels and other tourist properties.
Attila Hegedűs (left) and Richárd Németh
Managing directors Attila Hegedűs and Richárd Németh will continue to manage Hotel and Tourism Advisory. Hegedús and Németh have been regular participants in domestic and international hotel industry conferences, and have set up one of Hungary's leading consulting companies offering hotel consulting, valuation, due diligence, operator's and tenant search services, and preparation of tourism strategies. They have an extensive domestic and international network of contacts and reputation among banks, hotel chains, developers, and owners. Their clients also include state-owned companies, spas and local municipalities.
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