Deloitte’s China and US firms have formed a
joint consulting practice to serve global clients entering China
and Chinese clients expanding internationally.
The joint venture will be managed by an
executive committee comprised of senior partners from the US and
China firms, as well as members from the UK, Canada and Deloitte
The joint consulting practice is part of the
networks expansion strategy in China, which is one of the priority
markets for Deloitte globally. It expects to have invested $250
million in China between 2004 and 2012 to expand its capacity and
capabilities to meet the growing demand.
Deloitte China’s consulting practice managing
partner Norman Sze said the joint venture will enable them to take
advantage of the more than $8 billion projected consulting market
in China by 2013.
“The joint venture will also result in
greater coordinated help to the China consulting practice from
member firms in US and other countries in the areas of project
pursuit, support and delivery, training, methods and tools
deployment, set up of a Global Delivery Centre in China, local
acquisition and many other areas,” he added.
The firm will recruit 150 graduates this year
on the back of its expansion.