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SINGAPORE, June 6, 2007: Deloitte Singapore's CEO, Chaly Mah, has been appointed as the Regional Managing Partner and Chief Executive Office for Asia Pacific and a member of Deloitte’s global executive, effective June 1, 2007.
The Deloitte global executive leads and manages the global organization's affairs, and is responsible for establishing the global vision and setting its strategic course. Mr Mah’s appointment is part of the new team put in place by James H. Quigley, the new global CEO of Deloitte whose term also commenced on June 1 2007. Jim Quigley succeeds William G. Parrett, who has served as CEO for the past four years.
Jim Quigley and his new leadership team take the helm with one simple goal: to be the best and achieve the Deloitte vision of becoming a standard of excellence.
According to various third parties, the Deloitte market differentiator is the organizations' multiple service offerings, and Mr Quigley wants to take advantage of this strength.
"Deloitte has a powerful business model which will result in substantial growth worldwide in audit, tax, financial advisory services, consulting and merger and acquisition services," Mr. Quigley said.
In relation to the Asia Pacific region, Mr. Mah added, "Our region's prospect is very bright, with countless opportunities in the market to seize.
"Our current economies are incredibly strong, including Japan, the world's second largest economy, and China and India, two of the world's fastest growing economies, not to mention Vietnam, whose recent entry into the WTO has propelled its growing presence on the global stage.
"With this strong growth in the region, we are very optimistic about the future."
This is the first time in Deloitte's history that the regional managing partner has been appointed from within the Asia Pacific region. This is a significant decision in recognition of the importance and capability of the region to Deloitte and its contributions to the global network.
Mr. Mah is well qualified for this role in view of his global experience and outlook, having served on the Deloitte global board for the past four years, and various Deloitte committees on strategy and board matters.
Said Mr. Mah, "I am excited to be given the opportunity to serve in this key leadership role in the Asia Pacific region, and would like to pay tribute to the tremendous achievements of my predecessor Mr. Manoj Singh who is returning to New York to take up a key position in Jim's new team, that of global managing partner, DTT operations.
"Asia Pacific is the number one strategic market for Deloitte, and our recent decision to cluster our member firms in seven Southeast Asian nations—Singapore, Malaysia, Indonesia, Thailand, the Philippines, Guam and Vietnam—to enable these member firms to leverage their combined size, scale and expertise comes on top of other significant investments in Asia Pacific, including US$150 million in China and US$50 million in India.
"We have an aggressive plan to double our strength in Asia Pacific within the next few years and I am confident we can achieve this goal.
“We will concentrate on the middle market in addtion to the large corporations and will continue to build on our strength as a multidisciplinary firm by focusing on consulting and M&A services,” Mr. Mah concluded.
Mr. Mah will continue to serve as CEO of Deloitte Singapore and Deloitte Southeast Asia which includes Singapore, Guam, Indonesia, Malaysia, Philippines, Thailand and Vietnam.
Note for editors: See attached media backgrounder on Deloitte Asia Pacific and bio of Mr. Mah.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas — audit, tax, consulting, and financial advisory services — and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names.
About Deloitte in Asia Pacific
Deloitte member firms in Asia Pacific have approximately 23,000 people providing audit, tax, consulting and financial advisory services across Australia, Brunei, China, Guam, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, Marshall Islands, Micronesia, New Zealand, Northern Mariana Islands, Palau, Papua New Guinea, the Philippines, Singapore, Taiwan, Thailand and Vietnam.
With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte member firms in Asia Pacific serve some of the region’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing companies.
For more information, please visit www.deloitte.com and use the global site selector to locate the individual Asia Pacific member firm websites.
About Deloitte in Singapore
In Singapore, Deloitte & Touche Singapore is the member firm of Deloitte Touche Tohmatsu, and services are provided by Deloitte & Touche Singapore and its subsidiaries. Deloitte & Touche Singapore is part of Deloitte Southeast Asia which is a cluster of member firms operating in seven countries: Guam, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Deloitte Southeast Asia was established to deliver measurable value to the particular demands of its increasingly intra-regional and fast growing companies and enterprises.
With a team of more than 170 partners and 3,900 professionals located in 20 offices, Deloitte Southeast Asia specialists combine their technical expertise and deep industry knowledge across four professional areas—audit, tax, consulting and financial advisory services—and deliver consistent high quality services to companies in the region.
All services are provided through the individual member firms, their subsidiaries and affiliates which are separate and independent legal entities operating in Guam, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. For more information, please visit www.deloitte.com and use the global site selector to locate the individual Southeast Asia member firm websites.
