Deloitte launches joint UK and Middle East venture

News Article - Monday, September 01, 2008

filed under: Business

Deloitte's business plans will see corporate finance venture between its UK and Middle East practices set up.

The company will be named Deloitte Corporate Finance Limited and six UK partners have gone to Dubai to oversee the launch.

It will initially deal with merger and acquisition advice and support services, as well as advice on Islamic finance and business modelling, reports the Daily Telegraph.

"This Middle East is a very important region, with strong sustained economic growth and immense investment firepower," said John Connolly, the global chairman of Deloitte.

"By joining forces with the Middle East firms, we will have the scale and breadth of financial skills to provide a full range of M&A services to clients within and from outside the region."

The company will be registered and authorised by the Dubai Financial Services Authority.

Chris Ward, global head of corporate finance advisory at Deloitte, will lead the business, and said that Deloitte intended to be "at the vanguard" of growth in the Middle East M&A market.

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