Deloitte Touche Tohmatsu Limited (DTTL) has announced a commitment of US$750 million investments in strategic markets over the next three years as a continuation of the prior three-year strategic market investment programme 2010-2012, which totaled US$500 million.
DTTL, while announcing the investment at its annual World Meeting, held on June 7, 2012, noted that this sizeable, multi-year investment would focus on 11 strategic markets around the globe namely Africa, Brazil, China, Commonwealth of Independent States (CIS), Germany, India, Japan, Korea, Middle East, Southeast Asia, and Turkey.
The investment programme 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.
“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 capitalise on emerging business opportunities,” said Barry Salzberg, Global CEO, DTTL.
“A significant part of this investment focuses on hiring, deploying, and developing the right talent to deliver high-quality, seamless client service.”
More than 50 percent of the investment (US$400 million) will be geared toward Asian countries, namely China, India, Japan, Korea, and Southeast Asia.
Over US$250million will go toward markets in Europe and the Middle East and Africa while seventy-five percent (US$550 million) of the total investment is earmarked for talent hiring, deployment, and development across the strategic markets.