Global professional services group Deloitte acquired Philippines-based financial advisory firm Primeiro Partners to establish and stamp its leadership in the end-to-end mergers and acquisitions (M&A), restructuring and financing space, both in the country and in the wider Southeast Asian region.
Deloitte Southeast Asia chief executive Eugene Ho said Primeiro and Stephen Sieh, the man behind the growth and ascent of Primeiro into a leading independent investment bank, would enable Deloitte to have an advantageous position in the aggressively growing Philippine market.
“The Philippines is a very important market in our plans to scale up our practice across Southeast Asia. I believe that Stephen’s and his team’s expertise in advising clients in their most critical decisions, and their keen understanding of industry dynamics and the macroeconomic environment will enhance our already strong capability and give us an innovative edge to the way we go to market,” said Ho.
Primeiro founder and managing partner Stephen Sieh will now head Deloitte Philippines’ financial advisory practice.