Financial services

At Deloitte, we place a premium on experience, industry knowledge, integrity and unlimited commitment to the business community. Our financial services industry practice throughout the Middle East has been a pioneer for decades in providing professional services to the financial industry sector for companies of all sizes and all business segments. As a result, our clients list among the largest domestic, regional and universal banks offering conventional or Islamic services and products, insurance companies and asset management and securities houses.

Our financial services team in the Middle East consists of over 400 practitioners with extensive experience in the banking and securities, insurance and wealth management sectors and supported by Deloitte's global financial services industry practice with dedicated teams in 40 countries. On a global level, Deloitte serves over 80% of the financial service companies listed on the Fortune Global 500.

In response to the overwhelming development and advancement records achieved by Islamic finance institutions throughout the region - which account for over 80% of the global Islamic finance operations, in the second half of 2009 we consolidated our proficiency in this area to launch a knowledge center for thought leadership and specialized expertise led by a renowned expert in the field. This center will provide a strong support to our financial services group across the region and globally.

Across the financial sector generally, recent market developments have led to the competitive and regulatory landscape evolving at unprecedented speed. As such, financial services organizations now have to consider tackling a more complex matrix of organizational challenges and market discipline practices with more focus on governance and risk management, and with a trend to revert back to basics in the foreseeable future as a principle rule for doing business.

At Deloitte, our specialist, market knowledge and industry expertise enables our manpower of highly skilled professionals to deliver tailored solutions to help clients address these new challenges, maximize market opportunities and create a competitive edge. Our service offerings and value propositions to the financial services industry include:

Value-added audit and advisory
Governance, design and realization (corporate, finance and risk)
People transformations (advisory and development)
Executive information, business and customer intelligence
Technology and client alliances (advisory, project management and implementation)
Transformation improvement and post-merger integration (organization, cost and process)
Basel II & information technology financial risk management (retail & corporate)
Mergers and acquisition (targeting, evaluation and execution)
Transaction services
Business risk control (mitigation and forensics)
Securitization services
Tax structures (compliance and advisory)

Featured content

Facing up to FATCA
But is all that is new good? The Foreign Account Tax Compliance Act (FATCA) has had, at best, a cold reception at financial institutions around the globe. However, says Joe el Fadl and John Belsey, these institutions are having to face the inevitable: "FATCA is here to stay."
Key challenges facing central banks: Adapting to a new era
The report highlights the key challenges that are faced by many central banks around the world, including reputational risk, accounting framework challenges and harmonization, valuation challenges, managing currency in circulation, confidentiality versus transparency, governance, risk management and compliance functions and attracting and retaining people.
Insurance Tech Trends 2011
This report examines the evolving landscape of technology for business and focuses on topics that will have a larger potential business impact over the next 12 to 18 months.
IFRS 9 Impairment Survey 2011
This survey aims to assist banking clients better understand the impact of the proposed IFRS 9 standard and to raise awareness of the impact of the proposed changes.
Harnessing the forces of change
What external forces are affecting the financial services industry and individual companies? The forces include compliance, capital, customers, competition.
Tax tactics for the Global Financial Services Industry: Harnessing the forces of change
What should financial services institutions be should be doing from a tax perspective? This report covers transfer pricing, Basel III, Solvency II, FATCA, global mobility and risk rewards for investment management.
The next decade in global wealth among millionaire households
Wealth managers will need a strong understanding of which economies present the greatest opportunites for business growth. According to this study, wealth among millionaire households could more than double over the next decade in 25 major economies and it the developed markets that are expected to remain the global centers of wealth over the next decade.

Lean more

Financial services thought leadership
Global and member firm reports on cross-border issues
Islamic finance portal
Interviews, thought leadership, and deep insights from the Deloitte Sharia’a Scholar

Audit

Consulting

Enterprise Risk Services

Financial Advisory

Tax

Consumer Business & Transportation

Energy & Resources