Deloitte Touche Tohmatsu announced that it will establish a new group -- Deloitte Asean -- to spearhead organization expansion in the Asia-Pacific region.
The group will comprise member firms from Singapore, Malaysia, Indonesia, Thailand, the Philippines and Guam. Deloitte's resources in the six countries include more than 150 partners and about 3,500 staff in more than 15 offices. The change is part of the firm's plan to double Deloitte's strength in Asia over the next five years.
"Asia Pacific is the No. 1 strategic market for Deloitte, and Deloitte Asean not only is the first of its kind for the region, but comes on top of other significant investments in Asia Pacific, including $150 million in China and $50 million in India," said chief executive William Parrett, in a statement. Parrett was in Singapore attending the Deloitte Annual World Meeting.
The chief executive of Deloitte Asia Pacific, Manoj Singh, noted that in the past three years, the firm has focused on building hubs of key staff wherever financial services, manufacturing, high-tech, telecommunications, risk management and M&A services are needed.
"Deloitte Asean will maintain these centers and will enable greater flexibility in delivering expertise and in responding more effectively to the growing needs of regional and global clients," Singh said, in a statement. "In many respects, Deloitte Asean simply mirrors the structures of our multinational clients."
The chief executive of Deloitte Singapore, Chaly Mah, will take on additional duties and serve as chief executive of the new group.
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