Morse Consulting will join Deloitte's Australian arm from 1 September, although the terms of the transaction are not being disclosed.
Established in 2005, Morse Consulting’s areas of expertise include operating model design, service provider selection, set-up and operational due diligence, and investment risk management and governance.
“Our combined Deloitte business is now able to provide end-to-end capability, from strategy formulation, operating model design, implementation services, risk management and governance,” said Neil Brown, Deloitte Australia’s national investment and wealth management leader.
“The wealth sector will continue to be a driver of economic growth for Australia, as highlighted in the Deloitte Building the Lucky Country series' Positioning for Prosperity research, which predicts Australia’s current asset pool of just over $2 trillion will double by 2025, and reach $9.5 trillion by 2035, exceeding the size of the banking industry,” he said.
“This growth presents a real opportunity for Australia, but the complexity of digital disruption and regulatory change will increasingly challenge the operators.”