Deloitte is merging its operations in Australia, New Zealand, China, Japan and South East Asia to form a single business unit, Deloitte Asia Pacific.
Deloitte Australia boss Cindy Hook will lead the new entity as chief executive. A new Australian chief executive is expected to be appointed next month.
The merger will combine 44,500 staff across the region and will see the consultancy invest an additional US$321 million over the next three years to attract more talent.
The newly formed entity comes as Deloitte reports a record year with revenue of $2.013 billion for FY18, a 15% increase on FY17, and the fourth successive year of 15% revenue growth.
Deloitte’s revenue growth was achieved in each of its six key business units, including its Australian offices.
"This is an exciting move for Deloitte in the Asia Pacific region – the fastest growing region in the Deloitte network," Hook said.
"With the formation of Deloitte Asia Pacific we create an opportunity to increase our scale in this market, while enhancing our capabilities to serve clients."
“The investments we are making will allow us to better serve the needs of clients who are operating in a more globally connected way than ever before, and to continue our relentless focus on quality."
Hook said the investment aims to position Deloitte as an “undisputed leader” in the region.
She also reflected on Deloitte’s recent creative accolades, taking home two Cannes Lions awards for its work on Great Barrier Reef – a first for the consultancy.
Deloitte Australia has been bolstering its digital division and creative services over the last 12 months with the addition of senior McCann execs.
Last month Deloitte global CMO David Redhill spoke to AdNews about the consultancies next move in the agency space. Read more here.
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