Deloitte earmarks an additional US$321m investment
Deloitte earmarks an additional US$321m investment in Asia Pacific
Deloitte in New Zealand, Australia, China, Japan and Southeast Asia are coming together to create Deloitte Asia Pacific to better benefit its clients and people
Wellington, 13 July, 2018 — Deloitte businesses in Australia, China, Japan, New Zealand and Southeast Asia, announced they are coming together to create Deloitte Asia Pacific. This move will allow for greater investment and focus on Deloitte's clients in the region.
Together, the five geographies will invest an additional US$321m over the next three years. The investment will enhance Deloitte's ability to serve its global, national and private market clients by enhancing service capabilities and growing talent. Deloitte Asia Pacific will come into effect on 1 September 2018, and will collectively have almost 44,500 partners and people, with the potential to create a US$10b business by 2022.
Announcing Deloitte Asia Pacific, Cindy Hook, Deloitte Asia Pacific Chief Executive Officer, said, "This is an exciting move for Deloitte in the Asia Pacific region – the fastest growing region in the Deloitte global network. With the formation of Deloitte Asia Pacific we have an opportunity to increase our scale in this market, while enhancing our capabilities to serve our clients. The investments we are making will allow us to better serve the needs of our clients which are operating in a more globally connected way than ever before and continue our relentless focus on quality."
"The increased investment will also support our growing teams of professionals, equipping them with the resources to deliver first-class service to our clients, while also providing immense career development opportunities to help us to attract, develop and retain the very best talent the region has to offer. Our aspiration over the next few years is for Deloitte Asia Pacific to become the undisputed leader in professional services in the region."
Punit Renjen, Deloitte Global CEO, added, "The creation of Deloitte Asia Pacific lays an important foundation as we place a high strategic focus on this region. Our strategy is to deliver services to clients as one seamless global organisation. In addition to expanding our capabilities, expertise and insights, our increased scale will enable us to accelerate investments in the types of innovations, which transform and advance our clients’ business."
Thomas Pippos, Deloitte New Zealand CEO, echoed these sentiments saying, “The benefits that will flow to our New Zealand team and our clients will only augment the local focus and drive that has seen Deloitte become the growth leader in the New Zealand professional services market. Deloitte Asia Pacific will provide us with even greater access to regional talent and support when required to serve local client needs.”