William G. Parrett, the CEO of Deloitte Touche Tohmatsu, has announced the establishment of Deloitte Caribbean/Bermuda, a new cluster of member firms that will strengthen their position in the Americas and will expand opportunities for growth in the region.
Six Deloitte firms make up Deloitte Caribbean/Bermuda: the Bahamas, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands, and Jamaica.
This new structure follows the creation of Deloitte LATCO (Latin American Countries Organisation) and Deloitte ASEAN. It is part of Deloitte member firm’s strategy to support growth in the emerging markets, and to enhance client service and firm competitiveness in response to market globalisation.
“Deloitte member firm clients are demanding consistent high quality service across borders and this is one way this level of service can be delivered in the current environment,” says Parrett. “The establishment of Deloitte Caribbean/Bermuda enables the member firms to leverage their combined size, scale, and expertise to develop the right teams to match client needs, which will help them achieve the Deloitte member firms’ vision, to be the standard of excellence.”
The new cluster comprises more than 30 partners and 600 professionals in the six mentioned countries. Parrett also announced that Frank Paredes, the current Audit and Risk Regional Managing Partner of Deloitte Latin America/Caribbean will lead the new cluster while local partners will maintain their current responsibilities. Day-to-day operations will remain the responsibility of existing member firms’ managing partners.