View the media release archives for the last two years. Most recent media releases are listed at the top of the page.
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| Oaks to manage 60 Market Street |
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19 June 2006 |
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Pacific Hotels Market Street Pty Ltd has been purchased by Oaks Hotels & Resorts (Vic) Pty Ltd in an aggressive move by the Oaks Group to build their Melbourne portfolio. The result is that 60 Market Street will now be managed under the Oaks brand instead of Pacific Hotels International. Receivers and Managers of 60 Market Street, Deloitte Partners Sal Algeri and David Lombe, said that although they had not been party to negotiations, they expected purchasers to be pleased with the move. "Oaks have a successful 15-year reputation in... |
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| Identity theft, account fraud and business continuity among financial institutions’ top security initiatives |
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19 June 2006 |
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SYDNEY, 19 JUNE 2006: Leading financial institutions experienced a huge surge in the number of security attacks over the past year, specifically from external sources according to the Deloitte 2006 Global Security Survey released today. Deloitte Security partner, Julie Priest, said more than three-quarters (78%, up from 26% in 2005) of the world’s leading 150 institutions surveyed confirmed a security breach from outside the organization. "Almost half (49%, up from 35% in 2005) experienced at least one internal breach – confirming last year’s survey findings that... |
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| Medium-sized businesses invest in new product development to drive growth |
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14 June 2006 |
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Offering an exceptional or unique product and retaining high quality employees are the key drivers of business growth, according to a survey of medium-sized businesses conducted by Deloitte’s Growth Solutions team. The survey of about 40 medium-sized private companies was conducted in May 2006 at a Southern Region CEO Summit in Hobart. The majority of survey respondents believed that new product development and the quality of products and services are the most critical growth drivers. Mr Tim Gullifer, Partner Deloitte Growth... |
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| Deloitte appoints 30 new partners |
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09 June 2006 |
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Deloitte, one of Australia’s largest professional services firms, has admitted 30 new partners this year bringing the total to 303 partners. Commenting on the appointments Deloitte’s CEO Giam Swiegers said, “strong growth this year as well as strong anticipated growth for 2007 in a number of key business areas such as audit and risk, has allowed us to admit to partnership 30 high performing professionals, as well as attracting a further 13 lateral partner hires.” The new partners have extensive expertise in many industry and market groups including Financial Services, Government Services, Telcos, Energy & Resources,... |
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| Australian banks shape up |
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09 June 2006 |
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“The greatest shift in economic power in 200 years will take place over the next few decades. Australia, and the developed world, need to position themselves to meet this,” says Deloitte Australia partner and banking and securities leader Gerry Schipper. “Efficiency, self-service and economies of scale are key to financial organisations remaining globally successful beyond 2010,” he says referring, to the latest research from Deloitte Touche Tohmatsu’s global financial services industry group (GFSI). The research – The Hallmarks of Success – pinpoints opportunities to reinvest some of those back-office cost... |
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| Private Companies may face increased disclosure and costs for little benefit |
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07 June 2006 |
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Following proposed amendments to Australian Accounting Standards all companies required to lodge financial statements with ASIC, whether privately owned or publicly listed, will have to prepare those financial statements in full compliance with the measurement and disclosure requirements of all Australian Accounting Standards. Accordingly these proposals will force private companies and family businesses which have no outside investors to comply with the full requirements of A-IFRS and they will be subject to all the accounting standards as if they were listed companies. Currently only companies that are “reporting... |
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| Cut the commute: Deloitte Parramatta office is recruiting top talent |
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06 June 2006 |
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The Deloitte Parramatta office is recruiting top talent in Tax, Business Services, Enterprise Risk and Assurance & Advisory services to cater for the growing number of local, regional and multinational companies that are located within the Greater Western Sydney Region. The continuous growth of our Parramatta office reflects our commitment to our Western Sydney clients by becoming even more accessible and providing the best locally based talent in Western Sydney. The Greater Western Sydney region is recognized as the third largest marketplace in Australia - after Sydney and Melbourne, and is well placed to become an internationally... |
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| Private Equity Confidence Stratospheric |
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06 June 2006 |
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With confidence levels continuing to soar at record highs, the investment market remains awash with Private Equity funds according to the latest Deloitte Private Equity Confidence Survey. The survey of over 140 private equity funds (PEFs) in Australia and New Zealand shows that although vendor price expectations remain high, investment activity is expected to increase. Deloitte Corporate Finance partner, Richard Young said 86% of respondents expect to be net buyers, which is 9% increase to the previous quarter and the highest response since the inception of this survey 5 years ago. “A record 61% of respondents,... |
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| Deloitte appoints new partner to cater for growing market demand |
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05 June 2006 |
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The Melbourne office of Deloitte has appointed a new partner, Gerard Belleville. Gerard is a lateral hire, previously he was Service line leader of the Audit &Advisory division within William Buck. His predominant areas of expertise include publicly listed companies, family businesses, private companies and fast growing organisations. Gerard will focus on the Middle Market space. Gerard has experience and a demonstrated ability in providing leadership in the delivery of professional audit & accounting services. Gerard’s Business Advisory advice includes providing wider business advice in areas such as value... |
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| Do IT executives have the right IQ? |
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25 May 2006 |
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Pouring billions of dollars into information technology does not help business if chief financial officers (CFOs) and chief information officers (CIOs) don’t have the right information quality (IQ), according to a new global research report launched today by Deloitte and CFO Research Services.
Donal Graham, Deloitte Consulting Partner and leader of its CFO Services, said the research, Do executives have the right IQ? highlighted poor information quality as one of the most critical problems facing businesses today.
"We found that of the 140 finance and IT decision makers surveyed in Australia and New Zealand, 82... |
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