China’s state-clampdown on the world’s largest accounting and consulting firms has ramped up, with the country’s finance ministry issuing Deloitte with a massive fine, and barring it from operating in Beijing for three months.
FTI Consulting has launched its wholly-owned investment banking and mergers & acquisitions division – FTI Capital Advisors – in the Hong Kong market. Headquartered in the United States, FTI Capital Advisors specialises in four lines of business: mergers & acquisitions (including carve-outs), capital raising, valuation and initial public offerings.
Indonesia has welcomed the permanent arrival of a new management consulting firm: LanciaConsult. Fast-growing business advisory LanciaConsult is expanding to one of the world’s fastest-growing cities, with a new office in Jakarta joining its existing offices in Singapore, the United Kingdom and Germany.
A growing number of large organizations are establishing Financial Shared Services Centre (FSSC) to reap the benefits of scale, standardisation and cost effectiveness. Successfully transitioning to a FSSC is however easier said than done – experts from finance consultancy AGOS outline five key success factors.
Global professional services firm Deloitte has named Eugene Ho as its new Chief Executive Officer for the Southeast Asia region. In the role, Eugene Ho will lead a team of over 13,000 professionals (including 500+ partners) across its offices in the 10 ASEAN countries.
Global ERP giant SAP has admitted Fujitsu into its Regional Strategic Services Partner (RSSP) program for the Asia Pacific region. Already a partner of SAP in many countries worldwide and in the region, the extension of the longstanding collaboration will see Fujitsu scale up its SAP consultancy, technology and implementation services across Asia Pacific.
Global engineering and advisory group AECOM has established a Centre of Excellence in Singapore. The centre aims to train 100 staff in the coming three years. In a statement, AECOM’s President Lara Poloni said that the firm launched the centre in response to growing demand for sustainability services.
Global professional services firm Marsh McLennan has made two top level appointments in Asia, installing James Addington-Smith as the new Asia President of Marsh, and Peta Latimer as Asia President for Mercer.
Foreign companies seeking to setup manufacturing operations in Asia are increasingly by-passing China for other countries, with Thailand, India, and Malaysia the most popular alternatives or even outright preferred locations , according to a new report by management consultancy firm Nexdigm.
Global management consulting firm Kearney has promoted five Asia-based partners to senior leadership roles. According to Arjun Sethi, Regional Head and Chairman of Asia Pacific at Kearney, the high-profile appointments are testimony of the firm’s growth over the past period, and continued growth ambitions going forward.
Consulting veteran Masaaki Ikeda has joined FTI Consulting in its Tokyo office, as a Managing Director in the firm’s Corporate Finance & Restructuring division. Ikeda brings more than three decades of management consulting and deal advisory experience across various industries to the firm.
Leaders of European-owned companies in South Korea expect the country to grow its significance to their international footprint, as South Korea continues its march up the economic ladder. This is according to a report by the European Chamber of Commerce in South Korea in collaboration with Roland Berger.
International consulting firm Dalberg Advisors has appointed Gaurav Gupta to the role of Global Managing Partner. After 13 years as the firm’s Asia Director, Gupta is expected to focus on expanding Dalberg’s presence globally and cultivating strategic alliances that can further the group’s social agenda.
Global financial services consultancy Capco has welcomed a new partner to its team in South East Asia: Andrew McGinn. Based in Singapore, McGinn has been tasked with leading Capco’s digital strategy and transformation offering across South East Asia.
Global ERP giant SAP has named ABeam Consulting the inaugural partner of its new Regional Strategic Services Partner (RSSP) program. Launched last month, the Regional Strategic Services Partner (RSSP) program aims to help SAP consulting partners scale up across the 48 countries in Asia Pacific.
The Singapore member firm of Mazars looks back at one of its best years in history, recording 25% growth in its latest financial year to eclipse the S$ 30 million revenue barrier. Hot on the heels of Mazars announcing its record global results, with fee income up 16% to €2.
Despite facing a range of disruptions – geopolitical upheavals, supply chain disruption, inflation, and the threat of recession – the commitment of companies to decarbonization hasn’t fundamentally wavered.
International digital transformation firm delaware has doubled down on its ambitions in Southeast Asia with a double acquisition in Malaysia. Active in Malaysia since 2015, when the consulting firm opened for business in Kuala Lumpur, delaware helps clients in the country with an end-to-end offering in digital transformation, with a focus on IT consulting services and solutions on the Microsoft, SAP and OpenText technology platforms.
Vietnam aims to ramp up renewable energy as part of its climate objectives. According to a new report by YCP Solidiance, the transition to greener pastures is gaining momentum. Renewable energy is a crucial focus for Vietnam, as the country balances rapid economic growth with reducing its environmental impact.
UK-headquartered consultancy Yonder has expanded its presence in Asia Pacific with the acquisition of Chapter & Verse, a Singapore-based consultancy specialised in branding and design services. Hot on the heels of announcing its 20% growth rate in its 2022 financial year, London-based Yonder has doubled down on its international expansions with its first acquisition outside of the United Kingdom.
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