January 13, 2013 — Deloitte has acquired substantially all of the business of Monitor, one of the world’s leading strategy consulting firms. This transaction combines Monitor’s highly-influential brand, strong thought leadership and top-notch talent with Deloitte’s extraordinary reach, access, and resources to solidify the Deloitte network as a worldwide leader in strategy consulting. Monitor’s talent and assets will combine with Deloitte’s consulting strategy service lines and operate under the Monitor Deloitte brand, resulting in a new and preeminent global presence that will redefine our industry.
“Our ability to implement the advice we provide has always been a differentiator,”said Omar Fahoum, chairman and chief executive officer of Deloitte Middle East. “This acquisition further enhances our ability to serve clients from strategy to execution – helping them solve their most critical challenges and capitalize on opportunities in a dynamic global economy. We are pleased to welcome Monitor’s talented professionals to the Deloitte family and are excited about the opportunities that lie ahead in the Middle East.”
“We are hugely motivated by the opportunity to serve clients with our newly combined strengths and are delighted to join the Deloitte network,” stated Chris Malone, Lead Partner for Monitor Deloitte in the Middle East.“Together we are a powerful force with distinctive capabilities, and are deeply committed to working together with our clients to realize a healthy, productive and prosperous Middle East through deploying our leading-edge capabilities on tough strategic and economic challenges. We will collaborate closely with senior executives to help ensure they have the confidence and the market intelligence to make bold, well-informed choices.”
“The world’s economy is driving a set of business challenges that are even more complex than we have seen in the past,” saidJulian Hawkins, Partner in charge for Consulting at Deloitte Middle East. “Together, Monitor and Deloitte in the Middle East will be well-positioned to provide high quality advice to our clients and to help them implement that advice.”
The transaction was completed following approval by the competent US courts and authorities on January11, 2013.
About Deloitte & Touche (M.E.):
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professional services firm established in the Middle East region with uninterrupted presence for over 85 years. Deloitte is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with over 2,500 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region (International Tax Review World Tax 2010, 2011 and 2012 Rankings) and was recognized as the 2010 Best Consulting Firm of the Year in the Complinet GCC Compliance Awards. In 2011, the firm received the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW).
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.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 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all 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.