Six Deloitte member firms -- located in the Bahamas, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands and Jamaica -- will join together to create Deloitte Caribbean/Bermuda.
Deloitte Touche Tohmatsu chief executive William G. Parrett made the announcement
at last week’s inaugural Deloitte Global Forum in Buenos Aires. The plan is for the cluster of offices to strengthen their position in the Big Four firm’s Americas region, while expanding opportunities for growth.
The structure follows the creation of Deloitte LATCO (Latin American Countries Organization) and Deloitte ASEAN (which contains member firms in Singapore, Malaysia, Indonesia, Thailand, the Philippines and Guam).
Deloitte Caribbean/Bermuda will include more than 30 partners and 600 professionals. Frank Paredes, the audit and risk regional managing partner of Deloitte Latin America/Caribbean will lead the new cluster while day-to-day operations will remain the responsibility of existing member firms' managing partners.
Paredes said that the structure would help reduce many of the difficulties member firms face when trying to coordinate service activities across borders and that the group expects to eventually expand operations to other islands of the Caribbean.
