Deloitte’s offices in the Channel Islands, Gibraltar and the Isle of Man are joining forces to create a single audit and advisory offering across the four offshore jurisdictions. The change recognises the similarities in the client base and will enable Deloitte to bring a broader suite of expertise to clients in each location.
Deloitte’s purpose globally is to make an impact that matters for its clients, people and society. That means building trust and confidence in business and protecting the public interest across its markets.
Deloitte is unique in that all four offshore offices are part of Deloitte UK, meaning that the firm’s clients have always been able to tap into over 22,000 professionals. Through this approach, the professional services firm can offer unparalleled sector and subject specialist expertise.
John Clacy, based In Guernsey, is taking a new leadership role with a broader financial services reach across the UK firm. In addition to the three islands and Gibraltar, John will be responsible for the UK firm’s Financial Services audit business focusing on pensions, UK-regulated funds, fintech, broking and associated businesses. In his role John will ensure Deloitte’s local clients benefit from the wealth of experience across the wider firm.
Changes to the islands and Gibraltar leadership team will see Jersey Partner Theo Brennand appointed as CEO of the new pan-island business, with Siobhan Durcan taking on the COO role. Theo will continue to lead Deloitte’s Private Equity and Asset Servicing teams, with Siobhan continuing to lead Deloitte’s Real Estate business.
Before joining the Jersey office in 2017, Theo spent 15 years working for Deloitte in the UK, and he will continue to use his knowledge of the firm to deepen ties between the four offshore jurisdictions and the broader team. Siobhan has over 20 years’ experience working in the Jersey market and she will focus on the operational efficiencies and strengths that the synergies of the islands bring.
Partner Theo Brennand said: ‘This new, collaborative approach working across the four jurisdictions gives clients the best local knowledge combined with world-class capabilities and industry-leading experience and sector expertise. We will continue to focus on our core financial services industries including private equity, real estate, debt, asset servicing, banking and insurance.
‘Deloitte has the broadest and deepest range of skills of any global business advisory organisation and is a world leader in the professional services industry. The interconnection of the four offshore teams is another example of the firm’s cross-border approach to building client teams and relationships.’
Earlier this year, Channel Island Advisory Directors Simeon Moss and Sally Rochester assumed new responsibilities. Both Directors will be growing their respective Island Advisory teams whilst maintaining their ownership across key service areas.
Deloitte’s Gibraltar office will be led by Reshma Bhambhwani. In addition, the team will be moving into a new and unique office next week. The historic Irish Town Police Station has been developed into a four-storey office building, with Deloitte taking residence over three floors in a modern and collaborative workspace.
The Isle of Man and Guernsey teams will remain under the leadership of Partners Matthew Bainbridge and David Becker respectively.