In a transaction which will strengthen company's presence in the Australian wealth management and superannuation industry, Deloitte has announced that it has substantially acquired the assets of key strategy consultancy, Casey Quirk.
The transaction has been managed at a global level by Deloitte, but has significant implications for the company's operations in Australia.
Deloitte Australia wealth management leader, Neil Brown said that with Australia being one of the largest asset management markets in the world, the acquisition of Casey Quirk would prove extremely valuable to the company's clients.
"Casey Quirk has a good name here, and as our super pool of assets increases over time having asset management specialist skills that are globally relevant is becoming increasingly important," he said.
Deloitte's Dynamics of Superannuation report places Australia's current assets pool at just over $2 trillion, predicting it to double by 2025, and reach $9.5 trillion by 2035.
Under the transaction, the Casey Quirk partners and existing team will transition to Deloitte and operate under the ‘Casey Quirk by Deloitte' brand.