Deloitte joins forces with mhm in South Australia

20 May 2010: Professional services firm Deloitte, announced today that the partners and staff of one of Adelaide’s leading professional services firms, mhm would be joining Deloitte’s Adelaide and Perth offices.

Commenting on the union of the two firms, Deloitte Managing Partner in Adelaide, Rob DiMonte said, “Deloitte will now have the strongest private business practice in South Australia, as well as the most dominant IT and Business Consulting practice in the state.

“This union is a show of confidence by Deloitte in the strength and resilience of the South Australian economy, and its growing resource and defence industries underpinned by a fast growing private company market.

“Deloitte’s Adelaide practice will now comprise 28 partners and more than 340 people providing audit, tax, management consulting and corporate finance services to publicly listed companies and Government in addition to the newly enlarged private business practice which will trade under the name of Deloitte Private.”

The friendly union will capitalise on the strong cultural fit, mutual learnings and growth opportunities of both firms,” said Mr DiMonte. “It recognises the core strengths and service offerings of mhm which will complement our existing service offerings.

“It ensures our private business offering, Deloitte Private remains at the forefront of professional services for privately owned businesses, family businesses and high net worth individuals, providing a full and comprehensive service to a fast growing sector of the South Australian economy.

“Both firms’ client bases are testaments to the expertise we all provide and also reflect the importance we both place on developing and maintaining long standing personal relationships with our clients,” concluded Mr DiMonte.

Managing Partner and CEO of mhm, John Hood said, “This union will ensure our people have more career opportunities, enhanced systems and processes and a comprehensive service offering in both our private businesses and management consulting markets.

“The benefits of this will be delivered to clients through outstanding service and our ability to attract, develop and retain the best partners and people to serve our clients.

“When we were in discussion with Deloitte we thought long and hard about the cultural fit and opportunities it would create. mhm has many of South Australia’s leading companies as clients. We look forward to supporting them as significant businesses in our state and also working with them as we continue our long-standing relationships.” added Mr Hood.

Deloitte Adelaide will operate dual offices, with Deloitte Private focusing exclusively on private clients from offices based at Greenhill Road, and Deloitte’s Management Consulting, Corporate Finance, Tax, Risk Services, and Audit teams remaining in Waymouth Street.

Eight mhm people will join the Deloitte office in Perth, to further reinforce the firm’s strength across a diverse range of businesses and industries.

About Deloitte

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries.With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's more than 168,000 professionals are committed to becoming the standard of excellence.

Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/au/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

About Deloitte Australia

In Australia, Deloitte has 12 offices and over 4,500 people and provides audit, tax, consulting, and financial advisory services to public and private clients across the country. Known as an employer of choice for innovative human resources programs, we are committed to helping our clients and our people excel. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities. For more information, please visit Deloitte's web site at www.deloitte.com.au