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November 29, 2009

Deloitte appoints Islamic finance and sustainability leaders

Deloitte Global has named Daud Vicary
Abdullah as global head of its Islamic finance industry group, and
Nick Main has become the global managing partner of its climate
change and sustainability practice.

Main was previously chairman and chief
executive of Deloitte New Zealand. Now based in London, he will
provide guidance to Deloitte member firms on existing and evolving
laws and regulations regarding greenhouse gas emissions.

He will also provide advice to Deloitte member
firms on sustainability issues.

“Nick’s experience with climate change and
sustainability issues from both client service and public policy
perspectives will be critical to Deloitte member firm
professionals, especially as they prepare for pending regulatory
developments,” said Deloitte global managing partner of services
Jerry Leamon.

Main added: “In order to maximise competitive
advantage and profitability in a low-carbon world, businesses need
to adopt practices that will enable them to realise high growth and
low emissions.”

Vicary Abdullah will oversee the overall
strategy and development of Deloitte’s global Islamic finance
practice.

In addition to audit, internal audit, tax and
consulting services for Islamic institutions, Deloitte advises
clients on strategy and M&A transactions, including the
provision of Sharia due diligence. The firm also assists with
raising capital for sharia compliant structures.

Vicary Abdullah has more than 35 years of
experience within the finance and consulting industry, working in
Asia, Europe, Latin America and the Middle East. Since 2002, he has
focused exclusively on Islamic finance and held executive roles at
major Islamic and Asian banks.

“The Islamic Finance industry is rapidly
expanding, which presents opportunities for companies in various
businesses around the world,” Vicary Abdullah said. “Deloitte
member firms have formidable experience and delivery capabilities
in all service lines around Islamic Finance.”

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