Deloitte adds eight new Queensland partnersDOWNLOAD
19 June 2013: Professional services firm Deloitte Australia is appointing eight new partners to its Queensland practice as part of a national total of 67 announced today.
These include the promotion of 45 new partners across Australia effective 1 July 2013, further boosting the 22 new experienced lateral hires who have joined the firm in the last 12 months.
John Greig, Deloitte Managing Partner, Queensland commented: "Our investment in eight new partners in Queensland across energy and resources, financial services, middle market, agribusiness and health, together with our recent announcement that Capland Real Estate Advisory’s team of 20 property specialists, led by Damian Winterburn, was joining Deloitte, clearly demonstrates our confidence in the future opportunities that exist in Queensland.
“This investment has ensured that Deloitte can provide real estate advisory services across the country, driven out of the Brisbane office, and that span the entire lifecycle of real estate assets. It complements our existing corporate advisory, audit, accounting, insolvency and tax structuring services currently offered by our national Real Estate team.
“I also welcome individuals of the calibre of Teresa Dyson, current chair of the Taxation Board, who is joining our Brisbane office as a senior tax partner, as well as several other senior Deloitte partners who have joined our Queensland team over the last twelve months.
“This has included the relocation to our Queensland office of two international Deloitte oil and gas industry leaders, a Deloitte Digital partner and a senior Corporate Finance valuations partner. This is in addition to the arrival of John Debenham, a former Executive General Manager at Suncorp and a former Queensland State Manager for ANZ, to lead Deloitte’s Queensland financial services practice.
“Together with a number of interstate transfers from other Deloitte offices, our Queensland partner numbers have quadrupled in size to 42 over the last eight years. With in excess of 500 staff, our Queensland office has grown quickly to meet the demand for professional services in the fast growing Queensland economy.
“Deloitte will continue to invest heavily in Queensland, reinforcing our confidence in future growth opportunities, such as the gas industry and helping the State Government improve the efficiency and effectiveness of the public sector," he said.
Deloitte also announced annual revenues of $1.092B for the year end May 31 2013, down by 0.9 per cent on its record revenues the previous year. Giam Swiegers, Deloitte CEO commented: “After 18 per cent growth last year, that pushed us through a billion dollars in revenue, 2012/3 was very much a year of consolidation for the firm.
“While I am delighted that our investments in analytics, technology, economics and other areas in recent years correctly anticipated the market’s growing appetite for these skills, I believe the Australian economy has changed forever. This means continually responding and preparing our business, clients and people for ongoing, constant change.
“Our investment in 67 new partners clearly demonstrates our confidence in the Australian economy despite the current global volatility,” he said. “It reinforces our belief in understanding which sectors of the economy will experience the highest growth and momentum and being prepared to invest in the skills these require, whether this be via alliances, team acquisitions or promotions.
“Deloitte’s philosophy has always been that preparedness beats prediction. This means continually looking at operating models, gearing levels, staff mixes, utilising technology better or doing more work with offshore offices. It also means making the right investment choices, in people and practices, best able to leverage the profitable growth our Deloitte analysis indicates is possible in Australia,” he said.
Reflecting the impact of Deloitte’s focus on innovation and design thinking, and in what is a first for a professional services firm, Deloitte was awarded an Australian International Design AwardTM this month for its audit services. In presenting the Design AwardTM Good Design Australia recognised Deloitte’s commitment to applying design thinking principles to better understand client needs and harness the power of a new generation of technology, content, professional mindsets and behaviours to cut through complexity, identify risks and design a highly effective and different audit experience.
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