Home' InDaily : June 3rd 2011 Contents PARTNERS
FRIDAY 3RD JUNE 2011
CLICK HERE TO READ THE FULL REPORT BY PETER SWITZER HERE.
Information sourced from Deloitte
increase by 25%
Deloitte Australia announced today it will
promote 46 new partners nationally effective 1
July 2011. Coupled with the 29 partners added
during the year through acquisition, and a
further 27 experienced lateral hires, there will
be 102 new Deloitte partners by 1 July – an
increase of almost 25% on the previous year.
Giam Swiegers Deloitte CEO commented:
“By 1 July the Deloitte partnership will have
grown to 512 partners and more than 5,500
staff members. This is a significant increase
from our position 18 months ago.
“It is an investment that clearly demonstrates our
confidence in the Australian economy, and our
own 2015 strategy to grow our firm,” he said.
“We’ve had a year of tremendous momentum,
with teams of the calibre of Access Economics
and infrastructure advisers SAHA Australia joining
us; information security advisers from Agreon;
a significant audit team to our West Australian
office; and private company specialists in South
Australia, Tasmania and North West Sydney
joining our Deloitte Private practice.
“Our continued focus on attracting talent
to the firm has also contributed to a record
40,000 applications this year, a 95% increase
in lateral hires and a 50% increase in graduate
Deloitte Chairman Wayne Goss said: “Deloitte
has transformed itself over the last five years.
It has built a successful and different firm
that enables its clients and gives them a
more diverse portfolio than its competitors.
We also have been able to offer our people
every opportunity for career options that are
challenging and different.”
All geographies featured strongly in the
new partner promotions recognising both
the opportunities and risks of the two tier
“ The Federal Budget highlighted the
conflicting trends happening across the
economy with the resource sector performing
strongly. With almost a third of our new
partners from Brisbane and Perth, our strategy
reflects this growth in the wider economy,”
said Mr Swiegers.
“With the need to develop competitive
strategies and best practice execution, the
biggest cohort of promotions came from our
consulting practice. Deloitte has the largest
consulting practice in the country and I am
confident it will continue to see strong growth
in the year ahead.
“As a firm we anticipate a solid 13% revenue
growth this year and would hope to better that
next year,” said Mr Swiegers.
Women also featured strongly in this year’s
round of promotions. They make up 24% of
the promotions - a point of personal pride
for Mr Swiegers. For the tenth consecutive
year Deloitte was recognised in 2011 as an
Employer of Choice for Women by the EOWA.
“Whilst we are making great progress and are
determined to maintain Deloitte’s leadership
role in the business community as the best
employer of women, there is still much to be
done,” Mr Swiegers said.
Follow Deloitte on Twitter @DeloitteAdel
Deloitte sets its sights on growth
The death of al-Qaeda leader Osama bin Laden represents a dramatic start to
May and an event whose consequences markets will closely monitor.
After April proved to be less eventful than the first three months of the year,
with no big X-factor raising its head and sending stock markets south, bin
Laden’s death is clearly dramatic news.
May is a big sell-off month for stock markets, but whether the terror leader’s
death has enduring market and business effects is in the lap of the gods (or
maybe the terrorists out there).
In previous months, natural and man-made disasters spooked markets. Such forces
can have detrimental effects on businesses and market-generating wealth. But May
is historically known to be a month of selling, in line with the market cliché ‘sell in
May and go away’. Will that hold true this year? History points to the affirmative, but
of course history is no indicator for the future.
Peter Switzer’s post
Bin Laden Market Review
Mayday as bin Laden falls
and dollar rises
GIAM SWIEGERS, CEO
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NATION | WORLD
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