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 global.
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.