Deloitte picks US boss as global leader amid Big Four upheaval
The head of Deloitte’s US operations has been chosen as the Big Four accounting firm’s next global boss, handing the reins to an executive from the audit side of the business at a time when growth has been driven by its larger consulting arm.
Joe Ucuzoglu will take over in January as rival EY pursues a break-up that will separate its consulting and audit businesses, forcing its competitors to decide whether to follow suit.
Top of his in-tray will be charting a course for Deloitte in response to the plan by EY, which it argues will create two more competitive businesses by removing conflicts of interest that restrict its advisers from working for audit clients. The EY plan is also expected to deliver multimillion-dollar windfalls to the highest earning partners.
This story originally appeared on: Financial Times - Author:Stephen Foley
