Deloitte announces 67 new partnersDOWNLOAD
19 June 2013: Despite a difficult year for professional services firms, Deloitte Australia announced today it is promoting 45 new partners (29 per cent female), effective 1 July 2013, further boosting the 22 new experienced lateral hires who have joined the firm in the last 12 months.
Deloitte also announced annual revenues of $1.092B for the year ending 31 May 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, 2012/13 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.
“I 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 a range of new experienced audit, advisory and consulting partners across the country, specialists in energy and resources, infrastructure and the public sector, where we are seeing enormous pressure on our clients to improve the cost efficiency and effectiveness of service delivery across all levels of government.
“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.
“These investments include the globalisation of our network of Deloitte Digital practices, our recently announced Kaggle alliance linking our 130 Australian analytics professionals with Kaggle’s 100,000 data scientists across the world and a number of recent alliances. These include the strategy consulting firm 10EQS and the Australian strategy and design thinking firm, Second Road, both of whom are supporting our portfolio of new and innovative solutions for our clients,” Mr Swiegers 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.
Women also feature strongly in this year’s round of promotions. They make up 29 per cent of the new partner promotions. For the 11th consecutive year, Deloitte was recognised in 2012 as an Employer of Choice for Women by the EOWA (now known as WGEA or Workplace Gender Equality Agency) while the firm was also recently awarded Inclusive Workplace of the Year by the AHRI Diversity Awards 2012.
“Diversity has been a focus of Deloitte for a decade and I am delighted with the progress we have made to date. Ultimately, our approach to diversity helps us recruit, retain and engage high-performing talent. I also firmly believe it helps us better connect our colleagues, unleashing greater collaboration and innovation within our organisation.
“However, while we are making progress there is still much to be done. I remain determined to maintain Deloitte’s leadership role in the business community as the best employer for women,” Mr Swiegers said.
NB: See our media releases and research at www.deloitte.com.au
See the list of the new partners here.