Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Multinational financial advisory firm Deloitte has formally launched its operations in Bangladesh to help local business and the economy grow further.
With footprints in over 150 countries, the firm provides wide range of consultancy services to its client-organisations like financial institutions, energy companies, telcos and government agencies.
Deloitte representatives in Bangladesh made the announcement at a press conference at a city hotel on Saturday.
Managing Partner of Deloitte Bangladesh Nurul Haque and its board member Joydeep Datta Gupta briefed newsmen about the firm.
Mr. Nurul Haque said the vibrant economy of Bangladesh is set to grow much faster in coming days, when domestic corporations will need more financial advisory services.
This is a very exciting time for Bangladesh to welcome the world's largest professional services firm, he said.
"We are proud to join the Deloitte network, respected for its world-class professional service, innovation and ethics," he said.
Mr. Joydeep Datta Gupta said that with the remarkable national economic achievement, Bangladeshi local companies are awaited to become multinationals soon.
Deloitte Bangladesh is preparing to help those businesses reach their goal, he said.
"By combining the deep local knowledge and global expertise, Deloitte Bangladesh is well-positioned to help new and existing clients make an impact that matters in Bangladesh," he said.
Mr. Gupta also said: "We are delighted to be expanding in what is fast becoming a critical market for the region and the global economy as a whole."
In response to a query, Mr. Gupta said Deloitte's consultancy can help the client-organisations ensure good governance and transparency.
Founded in 1845 in the UK, Deloitte provides the private and government organisations with various services, including audit, tax, legal, financial advisory, risk advisory, and consultancy.
With a huge network of 0.286 million professionals across the globe, the firm assists its clients and financial institutions by providing Mergers and Acquisitions (M&A) corporate finance, M&A transaction, M&A valuation, restructuring, and Infrastructure advisory services.
On the sidelines of the press conference, Deloitte global executive committee member N Venkatram said Deloitte focuses broadly on 27 sectors across the globe.
"In terms of Bangladesh perspective, sector like financial institutions, banking, telecom and energy will be in Deloitte's priority list," he said.
He also said that one of the unique characteristics of the firm is to set unique strategies for separate jurisdictions.
In response to a query, he said Bangladesh at present has a demographic dividend which needed to be utilised wisely. "You can ensure good return from the demographic divided by ensuring the development of human capital," he said.