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Deloitte Touche Tohmatsu has established Deloitte Caribbean/Bermuda, a cluster of member firms from six countries across the region, to allow the firms to better respond to the demands of the marketplace.
"The idea here is really to build large combined practices which can then better respond to the needs of our clients," commented Otmar Thoemmes, Deloitte's global managing partner for clients and markets. "By clustering practices... we are in a better position to respond to the demands of the marketplace. We gain scale, can afford a higher degree of specialisation and also invest better in local markets."
The creation of the Caribbean/Bermuda cluster follows recent consolidation across the global network.
Last month, the UK member firm acquired Deloitte Switzerland while earlier in the year Deloitte ASEAN (Association of South-East Asian Nations) was created following the establishment of Deloitte LATCO (Latin American Countries Organization).
The Caribbean/Bermuda cluster will take a form similar to that of the latter regions.
A natural progression
While the member firms from the Bahamas, Barbados, Bermuda, the British Virgin...