Deloitte has entered Bangladesh with the acquisition of Nurul Faruk Hasan & Co (NFH) and Business Consulting Services (BCS).
This gives Deloitte an existing staff base of more than 100 professionals in the country and the firm hopes to grow its team by several times over the next few years.
Bangladesh is currently experiencing a sustained annual GDP growth rate of 7.5%, per capita income and improved social indicators.
Deloitte Bangladesh board member Joydeep Datta Gupta said: “We are delighted to be expanding in what is fast becoming a critical market for the region and the global economy as a whole. By combining the deep local knowledge and global expertise, Deloitte Bangladesh is well-positioned to help new and existing clients make an impact that matters in Bangladesh."
Deloitte managing partner Nurul Haque said: “This is a very exciting time for Bangladesh. We are proud to join the Deloitte network, respected for its world-class professional service, innovation and ethics. With our deep industry expertise and commitment to quality, I am confident that Deloitte Bangladesh will deliver value to clients and grow the local talent pool.”
Elsewhere on the Indian subcontinent, Deloitte India suffered a reduction of 109.61% in audit fees received from its clients listed on the National Stock Exchange of India for FY 2017–2018.