Deloitte announces significant investment in strategic markets: Additional US$750 million over next three years
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Deloitte announces significant investment in strategic markets: Additional US$750 million over next three years PR Newswire SHANGHAI, June 7, 2012 -- More than 50 percent (US$400 million) of investment plan targeted toward Asian markets -- Seventy-five percent (US$550 million) of investment plan aimed at hiring, deploying, and developing talent -- Total of US$1.25 billion investment in strategic markets between 2010- 2015 SHANGHAI, June 7, 2012 /PRNewswire/ -- At its annual World Meetings, Deloitte Touche Tohmatsu Limited (DTTL) announced today 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 program (FY10-12), which totaled US$500 million. 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 program 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.
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Deloitte announces significant investment in
strategic markets: Additional US$750 million
over next three years
PR Newswire
SHANGHAI, June 7, 2012
-- More than 50 percent
(US$400 million)
of investment plan targeted toward
Asian markets
-- Seventy-five percent
(US$550 million)
of investment plan aimed at hiring,
deploying, and developing talent
-- Total of
US$1.25 billion
investment in strategic markets between 2010-
2015
SHANGHAI
,
June 7, 2012
/PRNewswire/ -- At its annual World Meetings, Deloitte
Touche Tohmatsu Limited (DTTL) announced today 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 program
(FY10-12), which totaled
US$500 million
.
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 program 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."
Investment breakdown
More than 50 percent of the investment (
US$400 million
) will be geared toward Asian
countries, namely
China
,
India
,
Japan
, Korea, and
Southeast Asia
.
More than
US$250 million
will go toward markets in
Europe
and the
Middle East
.
Seventy-five percent
(
US$550 million
)
of the total investment is earmarked for talent
hiring, deployment, and development.
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. This
year's meeting location,
Shanghai
, reflects the critical role that the city and
China
both serve on the world economic stage, as well as within the global
Deloitte member firm network.
"Chinese companies are an increasingly significant part of the world's economic
growth engine, and the Deloitte network is committed to investing in its
capabilities in
China
and in the markets where these companies are
expanding," said Brian Derksen, Global Deputy CEO, DTTL. "The strategic
market program further underscores the network's commitment to developing
the capabilities needed to best serve clients anywhere in the world."
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK
private company limited by guarantee, and its network of member firms, each
of which is a legally separate and independent entity. Please see
www.deloitte.com/about
for a detailed description of the legal structure of
Deloitte Touche Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting, and financial advisory services to public
and private clients spanning multiple industries. With a globally connected
network of member firms in more than 150 countries, Deloitte brings world-
class capabilities and high-quality service to clients, delivering the insights they
need to address their most complex business challenges. Deloitte's
approximately 182,000 professionals are committed to becoming the standard
of excellence.
