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Deloitte to consolidate EMEA network under unified €20bn practice
Yahoo Finance· 2026-02-25 11:31
Core Viewpoint - Deloitte is planning a significant regional combination under a new EMEA enterprise, consolidating member practices with total revenues of €20 billion, effective June 1, 2026 [1] Group 1: Structure and Operations - The new structure, named Deloitte EMEA, will consist of 16 companies from the region, which will coordinate more closely while maintaining responsibility for their respective services [1][2] - The combined entity will operate in over 80 countries, led by 6,000 partners and employing 132,000 professionals [2] Group 2: Strategic Focus and Investment - Deloitte EMEA aims to enhance service delivery at a larger scale through tighter strategic alignment among member firms, focusing on shared priorities and regional investments in innovation, technology, and skills development [2][3] - Over the next four years, Deloitte EMEA plans to invest more than €1.5 billion in areas such as generative AI, sovereign cloud capabilities, and sector-specific solutions [3] Group 3: Leadership and Governance - Richard Houston, currently CEO of Deloitte North and South Europe and Deloitte UK, will become the CEO of Deloitte EMEA, with Volker Krug, CEO of Deloitte Germany, serving as deputy CEO [3][4] - Sami Rahal, CEO of Deloitte Central Europe, will act as chair, while Liesbeth Mol, chair of Deloitte North and South Europe, will serve as deputy chair [4] Group 4: Historical Context and Collaboration - The formation of Deloitte EMEA follows years of closer regional cooperation, including joint investment initiatives in banking transformation, energy transition, and mergers and acquisitions capabilities [4]