Australian consumer bank has agreed a partnership with Indian IT giant Tata Consultancy Services to build and run its soon to be launched Banking as a Service (BaaS) platform. Established in 2017, Volt is Australia’s first neobank to receive a full banking licence, although the bank challenger has more than once delayed its own public launch.
Battery minerals (lithium, cobalt, nickel, manganese, graphite) is set to be a hot segment of the merger & acquisition market in 2021, according to Philip Wheeler, a partner at L.E.K. Consulting. He shares seven reasons why the battery minerals sector will attract interest from strategics and financial investors.
Global engineering consultancy Mace has named Robert Fields as its regional director for Australia and New Zealand. The UK-headquartered firm has been active in Australia since 2008 when it launched itsSydney office, and since then Mace has expanded its track record in the built environment sector.
It is widely acknowledged that women are most at risk of falling into the “missing middle” – the gap in policy, funding and services between prevention and crisis response for critical and complex social issues.
Boutique Australian management consultancy The Strategy Group has expanded into Asia Pacific. Based in Sydney, The Strategy Group will now initiate projects in India and Korea. “We’re excited to land the first phase of our Asia Pacific expansion, well ahead of our 5-year plan” said Yvonne Brennan, who will lead the international expansion.
Brisbane’s council has spent almost $ 100 million on professional services companies in the financial year, raising the eyebrows of a number of opposition parties. Figures released by Brisbane City Council in response to a question on notice from Labor show that in 2019-20, the council splashed out more than $ 97 million in contracts to more than 50 companies in the professional services arena.
Deloitte has appointed 16 new partners in its Australian Consulting division – an introduction of the new leaders. Andrea Abusah Based in: Sydney “I'm proud to be the National Lead for Retail and Consumer Products for the Finance & Performance practice, and am passionate about thoughtfully transforming the way CFOs and finance functions excel by embracing digital financial technologies and analytics.
Two-decade Deloitte veteran Vaughan Strawbridge has been poached by FTI Consulting in Australia, where he has been appointed a Senior Managing Director. Strawbridge is a chartered accountant by background and has been at Deloitte Australia since 1998, interluded with a five-year spell at the firm’s UK office.
A divided workplace: as Australian businesses consider returning to the office as usual, many employees are keen to stay flexible with their working arrangements. A new BCG report elaborates on the workplace dilemma.
A personal touch with customers has long been the hallmark of a successful business, and in the post-Covid-19 era, this will be no different. But with today’s technological possibilities, harnessing the power of data will be an essential driver for recovery strategies, write Sudha Viswanathan and Francois Ehly from Pitcher Partners.
Big Four professional services firm Deloitte has been recognised by Direct Advice for Dads as the best workplace for new fathers. The firm has secured it’s status as a leading employer for dads in Australia for the second year in a row.
Australian luxury brand Zimmermann has been acquired by Style Capital, an Italian private equity group. The deal was advised on by consultants from PwC’s M&A arms in Australia and Italy. Back in 1991 sisters Nicky and Simone Zimmermann teamed up to launch Zimmermann, and under their direction the company has grown to an international luxury fashion brand.
The Australia and New Zealand association for Chartered Accountants (CA ANZ) has announced a leadership reshuffle, with two former Big Four professionals taking on Vice President roles. Formed in 2013 by the merger between the Institute of Chartered Accountants Australia and the New Zealand Institute of Chartered Accountants, CA ANZ is with over 120,000 members the region’s largest professional body for accountants and financial professionals.
The Australian Securities and Investments Commission (ASIC) has over the past two years spent around $ 1.5 million on external consultants specialised in leadership, organisational psychology and culture.
National mid-tier accounting and consulting firm RSM has appointed three new partners in Australia. Peter Revelas and Stephen Stavrou have been admitted into the partnership of the Advisory wing. Revelas has been promoted internally, having been with the firm since 2011.
Monique Andrew and Amelia Taylor have joined Sayers, a young and growing consulting firm. Sayers was launched earlier this year by the former chief executive of PwC Luke Sayers, together with a group of co-founders including ex-PwC partners Sammy Kumar, James Collins and Peter Mastos, together with Kate Keenan, Russel Howcroft, Jason Chequer, Malcolm Hiscock, James Wright and Neville Azzopardi.
Mid-tier mining companies have been the backbone of Australia’s economy amid Covid-19, and will be instrumental in the post-pandemic recovery. A new PwC report highlights the segment’s contribution. For its analysis, PwC zoomed in on the mid-tier 50 (MT50) – “the largest ASX (Australian Stock Exchange) mining companies with a market capitalisation of less than $ 5 billion as at 30 June 2020.
Human Resources Director (HRD) has unveiled the winners of its 2020 Australian HR Awards, with Deloitte and EY among the twenty winners. Every year HRD celebrates the outstanding achievements of the nation’s top HR teams, leaders and employers with its Australian HR Awards.
Global strategy consulting giant McKinsey & Company has appointed eight new partners in Australia and New Zealand. Ben Stretch is a leader in McKinsey’s strategy, private equity and financial institutions practices in Australia and New Zealand.
Australian payments and technology consultancy Attra has been acquired by Synechron, in a move that lifts Synechron’s global headcount to over the 10,000 mark. The acquisitions also marks Synechron’s entry in Australia, turning the global financial services consulting and technology company into a true global player (with the exception of Latin America).
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