With current trends in the financial services industry, the challenge for senior management is how to take advantage of the opportunities presented in the Eastern Africa region, while managing the accompanying risks and concurrently complying with ever increasing regulatory requirements.
The backbone of any economy is its Financial Services (FSI) Industry. In the East African region, numerous opportunities lie in the banking, insurance, investment management and real estate sectors. Thus, Deloitte East Africa has identified FSI as a priority market and continues to develop strategies targeted at addressing key industry needs, to drive ultimate shareholder value for clients.
Compliance and risk management are at the top of the agenda for banks and insurance organizations, just as they are for the asset management sector. At the same time, today’s financial services market is bigger, more dynamic and more competitive than ever. The challenge will be to raise standards of compliance and corporate governance while simultaneously staying on course to capture the growth opportunities that exist. As the industry moves forward organizations will require carefully crafted business strategies that anticipate the ultimate effects of regulatory reform, technology change, competitive dynamics and market movements.
The financial services industry group of Deloitte encompasses the banking, insurance, securities and asset management sectors. Our aim is to bring together the industry expertise and multi-functional skills of Deloitte to better serve our clients across the industry. Our integrated team of professionals have the breadth of global industry experience, complemented by local knowledge of tax, licensing and legal and regulatory issues to address the needs of companies around the world. Our East Africa practice has gained vast experience and unrivalled expertise in the FSI industry. Serving 81% of publicly listed financial services organizations, and having been in East Africa for over 100 years, we will bring you refined advice and unparalled sectorial knowledge. We understand that our clients expect, and require superior value.
As a recognized leader in providing audit, tax, consulting and corporate finance services in this industry, Deloitte’s clients include commercial, community, mortgage and foreign banks; insurance companies, real estate companies and other finance companies in East Africa and around the world. Our multi-disciplinary approach allows us to provide regional, national and global services to our clients. We work with clients to address a range of critical issues brought on by the changing economy, advances in technology, regulatory changes, competition and the changing demands of customers.
Our practice is recognized for bringing together teams with diverse experience and knowledge to provide customized solutions for all clients – from audit and tax services, to compliance and regulatory services to aspects of business transformation including strategy and operations, human capital, enterprise applications, outsourcing and technology integration.