160824 - PR - Deloitte China announces new leadership in support of the Firm’s continuous success in the next century | Deloitte China | Press release has been added to your bookmarks.
Deloitte China announces new leadership in support of the Firm’s continuous success in the next century
Published: 24 August 2016
Deloitte China (“the Firm”) is pleased to announce the appointment of Philip Tsai to the position of the Firm’s Chairman, succeeding former Chairman and retired partner Clement Hung. Pauline Zhang is the Vice-Chairlady of Deloitte China.
“I am pleased that Philip Tsai and Pauline Zhang have taken on these two critically important leadership roles within Deloitte in China. China is an important growth market and Deloitte in China has worked to significantly strengthen our network’s capabilities in this region. As China continues on the path of economic transformation, I am confident that Mr. Tsai and Ms. Zhang have the right skills and experience to lead the firm in helping clients navigate this rapidly changing business environment,” said Punit Renjen, Deloitte Global CEO.
Deloitte China CEO, Lawrence Chia, said “Both Philip and Pauline are very experienced partners who have been walking the talk to fulfill our Deloitte Purpose - making an impact that matters for our clients, people and society. Not only do they take leadership roles in our various client programs, but they are also proactive in supporting our Firm’s talent development and have a track record of dedication to public services across China. Since taking up my role as Deloitte China CEO, I have many opportunities to work with the two highly respected colleagues in formulating strategies that contribute to our vision of becoming a pre-eminent firm in this marketplace.”
A chartered accountant, Tsai has a strong reputation in the local accounting profession, serving as the President of the Hong Kong Institute of Certified Public Accountants in 2011. He is also a renowned business figure with an extensive portfolio of public and community service appointments. Tsai has been a Board member of the China Firm since 2012 and has over 30 years of audit experience supporting local and multinational companies in a wide spectrum of industries.
“It is my privilege to assume this important position for the China Firm, which is about to celebrate our 100 years of history in China, one of the priority markets of the Deloitte Global organization. I will join my fellow colleagues to extend the legacy we have established since 1917 and build an even stronger China Firm, which contributes substantively to the development of the broader Deloitte organization globally,” said Tsai.
Zhang has over 20 years of experience advising local and multinational companies on the most complicated tax, regulatory and business issues in China. Before joining Deloitte, Zhang was a senior official of Foreign Taxation Department and Tax Reform and Legislative Department of the State Administration of Taxation of China. She participated in the drafting of many major tax laws and regulations, including the Income Tax Law for Foreign Investment Enterprises and Foreign Enterprises (FEITL), and was also involved in China’s fiscal and tax reforms in 1994. Zhang has been widely recognized as a top tax advisor in China market.
“I am honored to serve as the Vice Chairlady of the Firm and will draw on my government and professional experience to support the Firm in fulfilling our commitment to clients by delivering world class professional services. My fellow colleagues can count on me in my role as the Vice Chairlady to continue building a more established network of business relationship and strengthen our market eminence. I will work closely with other members of Deloitte China’s leadership team in shaping our future mission and objectives as we embark on our journey for the next century in this marketplace,” said Zhang.