Deloitte opens new financial services office

Deloitte has launched a new financial services regional practice from the firm’s offices in Cork and Limerick, catering for the needs of clients in Munster.

The practice, headed-up by Alan Cuddihy, financial services director with the firm, provides a host of services to the growing number of financial services organisations operating out of Munster and also the south Leinster region.

Mr Cuddihy has a broad range of experience in the financial services sector, having been responsible for managing the audits of some of the largest mutual funds, hedge funds and financial services companies in his career to date.

He has also been involved in controls assessment projects at a number of financial services institutions.

The practice offers a range of services including audit, enterprise risk services, regulatory consulting and taxation to companies in the funds, insurance and banking industries as well as those local indigenous companies involved in a variety of financial services activities.

“Traditionally international financial services organisations present in Ireland tended to be very Dublin-centric,” noted Mr Cuddihy.

However, as organisations have expanded, there has been a very definite shift to a more all-Ireland approach.

“To cite just one example, many companies operating within the funds industry have realised the benefits of ‘onshoring’ and the advantages of having a presence in the Munster region, namely the supply of talented individuals that will enable them to meet the demand for their services and so further grow their business,” pointed out Mr Cuddihy.

Ger O’Mahoney, regional partner in charge, Deloitte, said: “As a leading professional services firm in Munster we need to evolve and adapt to the changing business environment as and when it happens.”

Deloitte’s team comprises of more than 250 professionals, led by 16 partners.

Worldwide the firm has a network of more than 20,000 practitioners.

The regional practice will also draw upon this national and international expertise in order to provide the highest levels of service to clients.

Article courtesy of The Evening Echo

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