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Deloitte is set to launch a new Europe, Middle East and Africa (EMEA) firm in a move that will consolidate 16 participating firms into a single regional entity.
Following a successful partner vote, the new unit will launch on 1 June and operate across more than 80 countries. It will be led by 6,000 partners and employ 132,000 professionals, with reported revenues of €20bn (£17.5bn).
Participating firms will remain responsible for services provided within their own markets, while Deloitte noted the move will “strengthen collaboration across borders at greater pace and scale”.
Over the next four years, Deloitte EMEA expects to deploy more than €1.5bn (£1.3bn) of incremental investment in areas including generative AI (GenAI), sovereign cloud capability, sector-specific solutions and technologies.
The unit will be led by CEO Richard Houston, who is currently CEO of Deloitte North and South Europe and Deloitte UK. Volker Krug, CEO of Deloitte Germany, will serve as deputy CEO. The current CEO of Deloitte Central Europe, Sami Rahal, will serve as chair and Liesbeth Mol, current chair of Deloitte North and South Europe, will serve as deputy chair.
Houston said: “Deloitte EMEA uniquely strengthens our ability to invest at scale across borders to accelerate innovation in areas that matter most to our clients. It builds on our market-leading local partnerships while supporting collaboration at a regional level.”
Krug said: “Greater alignment within the EMEA region enables us to scale our capabilities, share expertise efficiently, and deliver even more value for our clients, our people and the markets we serve.”
Joe Ucuzoglu, Deloitte Global CEO, added: “Today marks a historic moment for Deloitte. The EMEA region forms a critical component of the global economy – home to many of the world’s most influential companies, and a key market for multinationals headquartered around the globe.
“Our clients expect leading expertise wherever it is based, alongside seamless cross-border and technology-enabled delivery at speed. The creation of Deloitte EMEA will enhance our ability to deliver the very best capabilities to the world’s leading companies.”
