At its annual World Meetings which took place in China this year, Deloitte Touche Tohmatsu Limited (Deloitte) announced its commitment of $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 $500 million. This sizeable new investment focuses on 11 strategic markets around the globe: the Middle East, Africa, Brazil, China, Commonwealth of Independent States (CIS), Germany, India, Japan, Korea, Southeast Asia, and Turkey.
The investment program aims to expand client service and industry capabilities in select strategic markets, such as the Middle East, to 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,” Barry Salzberg, Global CEO, DTTL, said. “A significant part of this investment focuses on hiring, deploying, and developing the right talent to deliver high-quality, seamless client service.”
“The Middle East is playing an increasingly significant part of the world’s economic growth engine. The Deloitte network is committed to investing in its capabilities in the Middle East, an emerging market which offers an abundance of opportunities for various industries,” Omar Fahoum, Chairman and chief executive of Deloitte in the Middle East, said.
“The strategic market program further underscores the network’s commitment to developing the capabilities needed to best serve clients anywhere in the world.”
The three-year strategic market program announcement was made at Deloitte’s World Meetings, the 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.