Deloitte Queensland announces double digit revenue growth
16 June 2015: The outlook for the growth of the Queensland economy is positive despite subdued business confidence due to the downturn in energy and resources commodity prices. The current growth forecast for FY16 has picked up, projecting a 4.3 per cent growth compared with 2.3 per cent in FY15.
Deloitte Managing Partner Queensland John Greig said: “The momentum of Deloitte in Queensland remains strong despite the challenging business environment. Queensland is an exciting growth market for Deloitte and a key plank in our national strategy. We understand what business needs to do to thrive in a world of rapid change and disruption, and so over the past year we have continued to build and deepen our capability in Queensland.
“Deloitte in Queensland recorded a very healthy double digit organic growth in FY15.”
Nationally Deloitte’s momentum also continues to grow with the firm announcing overall growth of 15 per cent with record national revenues of $1.336 billion for the year ending 31 May 2015.
Greig said: “This is always my favourite time of year – a week in which we celebrate our new partners who bring new capability and thinking into our partnership. I can confidently claim that many of our businesses including Deloitte’s digital and technology advice business are market leaders in Queensland. From an industry perspective our growth has been led by the financial services, health and public sectors.
“This growth is driven by transactions and advisory work focussing on improving productivity and efficiencies including cost reduction. Our suite of business consulting services have performed particularly strongly through our capacity to help navigate businesses through volatile marketplaces, with a portfolio of integrated risk advisory, technology and digital, financial advisory, private equity, tax and transactional consultancy service.
“I am particularly delighted that once again our talented women in Queensland feature so strongly in this year’s partner promotions, boosting our female partner cohort to 27% of the Queensland partnership. I firmly believe that continuing to increase our diversity at Deloitte will ensure we more effectively tap a new talent stream that better reflects the increasingly varied government business and social issues that Queensland faces as the market continues to diversify.
“We welcome the following new partners as of 1 July 2015:
- Julia Hodgkinson - Financial Advisory Services
- Kate Grimley - Risk Advisory - Forensics
- Bradley Milliken - Consulting – Customer Digital
- Ray Bradley - Consulting – Technology Advisory
“We also appointed some significant lateral partner hires in FY15 including:
- Graeme Newton former head of the Queensland Reconstruction Authority to establish our Centre for Excellence for Crisis Management for the S.E. Asia region from Queensland and link to our global network of risk advisory businesses. Graeme joined the team October 2014.
- Patrick Grob joined in February from the Suncorp Group where he was Head of Tax. Patrick now leads Deloitte's national Tax Management Consulting practice.
We add these six appointments to 12 new partners appointed in 2014.
“The breadth of talent, experience and diversity in these partnership appointments is an absolute delight. And in our determination to build a better, more diversified Australia, we will continue to anticipate the market shifts so Deloitte is ‘one step ahead’ and mirrors Queensland’s momentum as it retakes its economic mojo.
“We will continue to invest in the skills our state requires now and into the future, whether through alliances, acquisitions or promotions. Deloitte’s philosophy is that preparedness beats prediction. This means making the right investment choices in the people and practices that are best able to leverage the profitable growth that is possible in this state.”
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