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Deloitte revenue breaks $1.5 billion as firm announces six new Brisbane partners
29 June 2016: Professional services firm Deloitte Australia has announced record revenue of $1.530 billion for the year ending 31 May 2016 (FY16). This is a 15% increase over the prior year ($1.336 billion) and the second consecutive year of double-digit growth, matching the 15% growth in FY15.
Deloitte saw double digit growth across the majority of its practices, with demand particularly strong for Consulting, Risk Advisory and Assurance & Advisory.
Deloitte in Queensland
The firm’s momentum in the Queensland market also remains strong, with its Brisbane office also recording double digit year-on-year growth.
Deloitte Queensland Managing Partner John Greig said: “The Queensland economy is in better shape than many Queenslanders realise. It’s time for Queensland to stop looking back and to start focussing on exploiting all that is positive.
“Queensland’s diversified economy, albeit an economy in transition, places its growth firmly at the top of the state leader board. In fact Queensland’s growth is projected to be comfortably faster than that of Australia as a whole, and the fastest of any state.
“In view of this healthy outlook we have confirmed the promotion to partner of six of the firm’s top talent, with three additional partners having transferred to Brisbane and two lateral partner hires joining during the year.”
New Brisbane partners as of 1 July 2016 are:
- Natasha Doherty – Deloitte Access Economics
Natasha led the firm’s response to the May state budget. With a community, health and social services focus, she represents the firm in program evaluation, its Social Progress Index, and impact investing initiatives.
- Steve Giles – Consulting
A member of the Human Capital practice, Steve’s reputation as a trusted advisor assisting energy and resources organisations to be more productive, is well known, particularly in the transformation space.
- Yann Pastor – Consulting
As a leader in Brisbane’s Monitor Deloitte Strategy Practice for the past six years, Yann has helped develop the firm's fast growing Public Sector practice. He is highly regarded for his strategic, digital and customer innovation skills.
- Nick Ng – Deloitte Private
Nick’s expertise in leading Victoria’s innovative Deloitte TechFast50 program and strong presence in start-ups is in demand in Queensland. As is his high net worth and family business client focus.
- Andrea Roy – Assurance & Advisory
Hailing originally from Deloitte in Canada, Andrea brings deep technical expertise to Deloitte’s Global Services Group US Desk. She was also twice a Queensland finalist for Deloitte business woman of the year.
- Ben Wilson – Financial Advisory
A mergers and acquisitions specialist, Ben brings significant financial advisory experience to assist mid-market companies make the right decisions about business acquisitions, divestments, and capital raisings.
The six new Queensland partners are among 48 new partners nationally, and in addition to the 38 partners that joined the firm as lateral hires or through transactions over the past year.
In addition, Deloitte in Queensland has also welcomed five other partners in recent months:
- Mike Kissane – CEO Deloitte Access Economics
Mike has relocated back to Queensland from NSW where he was and continues to be pivotal in integrating Australia’s leading economic practice into the service delivery portfolios of Deloitte.
- Jacques Van Rhyn– Tax Services
A transfer pricing partner, Jacques has moved to Brisbane from leading the Perth team. With extensive experience in mining, construction, natural resources and the automotive sector, he assists clients with business reorganisations, international structuring and development of transfer pricing strategies.
- Andre Spnovic – Tax Services
Andre has returned to Deloitte having recently led the national indirect tax team for another professional services firm. He specialises in the property and construction, tourism, leisure and hospitality, and mining and resources sectors.
- Cameron Curtis – Consulting
Cameron is a technology advisory partner with 20 years’ experience in large scale enterprise resource planning (ERP) transformation programs for asset intensive industries, including transport, energy and resources.
- Richard Wheeler – Deloitte Private
Richard specialises in international tax and strategic advice to assist business development and leadership, as well as talent management for high net worth and family businesses.
The national result
Commenting on Deloitte’s national revenue result, CEO Cindy Hook said: “I am very pleased that our growth continues to significantly outpace GDP, and that we are maintaining our strong momentum. This result is a reflection of the value leading Australian businesses place on the services we provide.
“The rapid pace of change in the world today requires business leaders to strike a balance between delivering operating profits today, and investing in transforming their business models to enable sustainable growth and profitability in the future.
With 74% organic growth nationally, Deloitte will continue to invest in businesses that build or enhance its capability and service offerings. Transactions in FY16 included:
- Qubit, an identity security and management firm, that further strengthens Deloitte’s expertise in cyber security risk management
- Cloud Solutions Group, a specialist cloud consulting firm that builds Deloitte’s leading capability in technology infrastructure advisory services
- MashUp, a spatial design firm which has enhanced Deloitte’s customer practice through the ability to create seamless digital and physical customer experiences
- Engage Super, the largest SMSF audit specialists in the country.
Cindy Hook said: “We will continue to make considered, strategic investments that are adjacent to our capabilities and that better enable our clients to respond to the rapid changes affecting their businesses.”
The year ahead
“Looking to the year ahead, we are confident of continued growth,” said Cindy Hook. “We have developed a bold and innovative strategy to enable us to continue embracing disruption, develop new capabilities and enhance existing ones. We have a strong, people-centric culture, a unifying purpose and an enduring focus on providing our clients with diverse, multi-disciplinary teams to help solve their most complex problems.”
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Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 225,000 professionals, all committed to becoming the standard of excellence.
About Deloitte Australia
In Australia, the member firm is the Australian partnership of Deloitte Touche Tohmatsu. As one of Australia’s leading professional services firms, and winner of both the Australian Financial Review/CFO Audit Firm of the Year and Accounting Firm of the Year awards 2013, Deloitte Touche Tohmatsu and its affiliates provide audit, tax, consulting, and financial advisory services through approximately 6,000 people across the country. Focused on the creation of value and growth, and known as an employer of choice for innovative human resources programs, we are dedicated to helping our clients and our people excel. For more information, please visit Deloitte’s web site at www.deloitte.com.au.
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