Deloitte Corporate Finance plans expansion

The new offices of Deloitte Corporate Finance Ltd, the Middle East firm’s Financial Advisory Services practice, were inaugurated by John Connolly, Global Chairman, Deloitte Touche Tomahtsu Ltd and Ahmad Humaid Al Tayer, Governor of Dubai International Financial Centre, at the DIFC.

In the space of two years Deloitte Corporate Finance has grown from a staff of 20 to 150 employees, making it the largest advisory firm at DIFC today.

“The move of Deloitte Corporate Finance to larger offices within the DIFC is symbolic of the practice’s achievements in the past two years while also providing it with room for further planned expansion,” said Connolly, who was on a visit to Dubai to attend the Deloitte Middle East’s Annual Partners Meeting.

He said: “DIFC is the ideal location for Deloitte Corporate Finance due to DIFC’s state-of-the-art infrastructure as well as its close proximity to the key commercial and residential areas in Dubai. Deloitte firmly believes in DIFC’s role as a regional hub for banking and finance.”

Al Tayer said: “We are delighted to be able to provide the right infrastructure and platform to help Deloitte Corporate Finance grow and expand their operations from the centre and across the region. The exponential growth in the past two years is testament to the strength of their business offering and the growth opportunities UAE and the wider region have to offer. 45 per cent of the companies in the DIFC are operating GCC-wide businesses from the centre. We are pleased to support Deloitte in this exciting next phase of growth from their new offices in the DIFC.”

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