TOKYO -- Deloitte Touche Tohmatsu will spend $321 million over three years to bolster Asia-Pacific operations, aiming to offer better auditing and other services across the region.
Deloitte Asia-Pacific, to be set up in the U.K. on Sept. 1 by Deloitte's Japanese arm, will use the funds to attract and pay specialists to improve coordination across five markets in the region, including Japan, China and Australia.
Operations in each market will be run as before, but the group seeks to offer consistent service quality regionwide. The plan includes travel expenses so that the experts can seamlessly cross borders.
Deloitte, one of the "big four" multinational auditing groups, also offers consulting and tax services.
Although incorporated in the U.K., the new company will have an operational base in Hong Kong. Deloitte Australia CEO Cindy Hook is expected to be its leader. Hitoshi Matsumoto of the Japanese services group will chair its decision-making body.