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Deloitte Celebrates 40 years of Partnership with Hong Kong

Official Launch of Deloitte INED Club


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Publish date: 22 November 2012

Deloitte celebrated today its 40 years of partnership with Hong Kong by hosting a cocktail reception in the presence of key government officials and business leaders in Hong Kong, including the honourable John Tsang Chun-wah, GBM, JP, Financial Secretary of the Hong Kong SAR Government. It also announced the official launch of the Deloitte INED Club to provide a mutual support network for over 1,000 independent non-executive directors (INEDs) of Hong Kong-listed companies.

In his welcome remarks, Deloitte China Chairman, Mr. Joseph Lo, said, "Deloitte China, as we are known today, started in Hong Kong with 30 people in 1972. Since then, we have made numerous quantum leaps over the past 40 years through a combination of organic growth and a number of strategic mergers with quality firms. As a professional services firm, Deloitte China is all about our people. Our firm's success and our economic and social contribution are founded on the talent and commitment of our professionals, and we now have 13,500 colleagues across Greater China. In addition to our fundamental role which is to deliver professional services to the business community, our people serve on various financial markets regulatory bodies, key professional bodies, as well as a diversity of public service bodies and non-profit organizations in the interests of education, environment, law and order, and healthcare among others."

"Our Hong Kong practice is an integral and strategically important part of Deloitte China given the predominant role of Hong Kong as a leading international financial centre and as a springboard for inbound and outbound investment in the Chinese Mainland," said Mr. Chris Lu, Deloitte China CEO. "As such, we have continuously invested in our capacity and capabilities on the ground in Hong Kong and worked integrally with colleagues across the Greater China region. We now have a talented team of over 2,500 people here, whose professional growth and development are continually cultivated by a supportive infrastructure, such as our expanded Deloitte Institute learning facilities and programs."

Mr. Kester Yuen, Managing Partner of Southern Region, Deloitte China, said, "The past 40 years have been momentous for Hong Kong and have established Hong Kong's strategic significance as one of the premier global financial centres."

"Deloitte serves over 300 listed companies in Hong Kong and has a leading position in financial reporting services for initial public offerings in Hong Kong, We are proud to be part of the growth of Hong Kong," Mr. Yuen said.

Commenting on the Deloitte INED Club, Mr. Dennis Chow, Deputy Managing Partner of National Clients & Markets, Deloitte China, said it is part of the Deloitte INED Program, which aims to help INEDs, to enhance their companies' business performance, corporate responsibility, shareholder and social value.

"Market expectation has heightened over the role of the INED in ensuring good corporate governance and best practices of their companies. The new Deloitte INED Club will complement with the Deloitte INED Workshop Series, with the former providing a mutual support network, and the latter providing insights and regulatory updates to help support INEDs fulfil their increasingly complex role. This is another example of Deloitte's commitment to evolve with our clients' needs and help our clients to evolve for their markets," Mr. Chow added.  

Deloitte's 40 years of presence in Hong Kong

  • In 1972, Deloitte Haskins & Sells established a presence in Hong Kong with 30 staff members.
  • In 1975, we merged with Ian McCabe & Co.
  • In 1986, we merged with Charles Lo & Co.
  • In 1990, we merged with Touche Ross & Co.
  • In 1991, we merged with Spicer & Oppenheim.
  • In 1992, we were renamed as Deloitte Touche Tohmatsu.
  • In 1997, we merged with Kwan Wong Tan & Fong, the largest local firm of Certified Public Accountants in Hong Kong.
  • In 2003, Deloitte Global committed to invest US$150 million in the growth of Deloitte China
  • In 2005, we merged with Pan-China Certified Public Accountants Ltd, and Pan-China Schinda – two of the Chinese Mainland's top local accounting firms.
  • Today, we have 21 offices in Greater China with nearly 13,500 people.
  • Through a combination of organic growth and strategic mergers, our workforce has grown steadily over the past 40 years in Hong Kong from 30 people in1972 to over 2,500 people in 2012. (187 people in 1982, 896 people in 1992, 1,534 people in 2002 and over 2,500 people today).

Contacts

Name:
Wilfred Lee
Company:
Deloitte Touche Tohmatsu
Job Title:
Public Relations Senior Manager, Clients & Markets
Phone:
Email
wilflee@deloitte.com.hk
Name:
Bonita Chan
Company:
Deloitte Touche Tohmatsu
Job Title:
Manager, Clients & Markets
Phone:
Email
bonchan@deloitte.com.hk
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