By AGENCIES
AS part of its drive to further deepen its presence, across the world, Deloitte Touche Tohmatsu Limited (DTTL), at its annual World Meeting, held at the weekend, announced a commitment of US$750 million in investments in strategic markets over the next three years, a continuation of the prior three-year strategic market investment programme (FY10-12), financial year 2010, 2012, which totalled US$500million.
This sizeable, multi-year investment focuses on 11 strategic markets around the globe: Africa, Brazil, China, Commonwealth of Independent States (CIS), Germany, India, Japan, Korea, Middle East, Southeast Asia, and Turkey.
The investment programme aims to expand client service and industry capabilities in select strategic markets, bolster the hiring and deployment of top talent, and cultivate innovative new services and multidisciplinary offerings.
It also supports the Deloitte member firm network’s “As One” global strategy, which enhances the network’s ability to seamlessly deliver world-class services across borders, while leveraging the market-focused accountability of its member firm structure.
“As the global business landscape continues to be redefined, Deloitte member firms are focused on building the scale and breadth required to address clients’ most pressing needs and help them capitalize on emerging business opportunities,” said Barry Salzberg, Global CEO, DTTL. “A significant part of this investment focuses on hiring, deploying, and developing the right talent to deliver high-quality, seamless client service.”
More than 50 percent of the investment (US$400 million) will be geared toward Asian countries, namely China, India, Japan, Korea, and Southeast Asia.
Over US$250million will go toward markets in Europe and the Middle East and Africa while seventy-five percent (US$550 million) of the total investment is earmarked for talent hiring, deployment, and development across the strategic markets.
The investment will bolster service offerings and delivery platforms in all four business lines – audit and enterprise risk services, tax, consulting, and financial advisory.
The three-year strategic market program announcement was made at DTTL’s World Meetings, the Deloitte organization’s largest annual leadership summit convening senior leaders from Deloitte member firms around the world.
“The strategic market program further underscores the network’s commitment to developing the capabilities needed to best serve clients anywhere in the world” stated Brian Derksen, Global Deputy CEO, DTTL
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