Speaking to AccountantsDaily, chief executive of Grant Thornton Australia, Greg Keith, said the mid-tier has identified significant opportunities in the advisory space on the back of market research and demand.
“We continue to increase and expand in our advisory services, in particular our Asia-Pacific, our leadership and talent and our technology advisory teams,” he said.
“Our clients are concerned about digital disruption, they have a lack of confidence in opening up new markets in Asia, and there are complexities in aligning a company’s culture to their strategy,” he said.
“We’re very much focused on mid-size business, and our vision is to be the growth adviser to mid-size businesses. That’s the way we have organised ourselves and our investment is all solely on that market.”
On the compliance services front, Mr Keith said the mid-tier is planning and budgeting for expansion of services, but is looking to new technologies to change the way those services are delivered.
“Our audit, tax and private advisory areas all grew last year. However, we expect that automation and globalisation of workforce needs to be embraced to ensure that we can continue to provide that in a cost-effective manner to our clients,” Mr Keith said.
“So the way we provide the services may well change. However, we expect continued growth, and we are budgeting for continued growth, in those areas that have a compliance componentry,” he said.
These developments follow the appointment of 11 new partners, two new principals and 24 associate directors to Grant Thornton's leadership group at the end of June.