Global Chief Executive Officer, DTTL, Barry Salzberg
Deloitte Touche Tohmatsu Limited (DTTL) said it had invested a total of $750 million in strategic markets over the next three years.
The firm said that the move was in continuation of its three-year strategic market investment program.
A statement from DTTL said the announcement which was made its annual world meeting; held recently, showed that it invested $500 million between 2010 and 2012.
It explained that the multi-year investment focuses on 11 strategic markets around the globe: Africa, Brazil, China, Commonwealth of Independent States (CIS), Germany, India, Japan, Korea, Middle East, Southeast Asia, and Turkey.
“The investment program aims to expand client service and industry capabilities in select strategic markets, bolster the hiring and deployment of top talent, and cultivate innovative new services and multidisciplinary offerings.
It also supports the Deloitte member firm network’s “as one” global strategy, which enhances the network’s ability to seamlessly deliver world-class services across borders, while leveraging the market-focused accountability of its member firm structure,” it explained.
Global Chief Executive Officer, DTTL, Barry Salzberg, explained further: “As the global business landscape continues to be redefined, Deloitte member firms are focused on building the scale and breadth required to address clients’ most pressing needs and help them capitalize on emerging business opportunities.
“A significant part of this investment focuses on hiring, deploying, and developing the right talent to deliver high-quality, seamless client service.”
The firm also said that more than 50 percent of the investment (US$400 million) would be geared towards Asian countries, namely China, India, Japan, Korea, and Southeast Asia.
“Over $250 million will go toward markets in Europe and the Middle East and Africa while 75 percent ($550 million) of the total investment is earmarked for talent hiring, deployment, and development across the strategic markets.
“The investment will bolster service offerings and delivery platforms in all four business lines – audit and enterprise risk services, tax, consulting, and financial advisory,” it added.
According to Global Deputy Chief Executive Officer, DTTL, the strategic market program underscores the network’s commitment to developing the capabilities needed to best serve clients anywhere in the world.