Deloitte has announced the promotion of Alex Adam to partner. Mr Adam leads the advisory team and has achieved phenomenal growth in the last four years, tripling revenues over that time.
As partner, he will continue his responsibility for the firm’s advisory services, increasingly growing these across the Channel Islands and further afield. Alex joins Deloitte’s three other Guernsey partners with responsibility for the local business.
Mr Adam joined Deloitte’s Guernsey office in 2003 as a graduate trainee in audit and qualified in 2005.
After being promoted to manager, he moved to Deloitte’s London office in 2007, focusing on due diligence for financial services deals in the transaction services team. Mr Adam was then seconded to China with a team of partners and directors to assist in developing the firm’s due diligence capabilities.
Following his return to Guernsey in 2009, Mr Adam grew a number of significant audit relationships whilst developing the advisory business. He obtained his Chartered Financial Analyst (CFA) designation in 2010 and subsequently qualified as a UK Insolvency Practitioner in 2012, together giving Mr Adam a unique technical skill set.
The advisory team has undergone significant growth since Mr Adam’s promotion to director in 2013, with 11 dedicated team members based in Guernsey leveraged by delivery centres and subject matter experts in other jurisdictions throughout the globe. He is supported locally by director Sally Rochester in risk and regulatory services and senior managers Matt Hart and Chris Macdonald in transactions and restructuring respectively.
‘The financial services industry in the Channel Islands is undergoing significant change; we will continue to be clients’ trusted adviser in their most challenging and significant moments by bringing innovative thinking, a broad perspective and exceptional technical depth to these issues, whether they are business risk, regulation, operations or technology.
‘Technology is both a pressing challenge and an opportunity for many organisations. In what is a rapidly evolving landscape – with businesses being reshaped to better meet their clients’ needs and enhance profitability – clients need advice on how they harness technological change, with the appropriate risk considerations and whilst also adding value to their businesses,’ said Mr Adam.
John Clacy, the partner in charge of Deloitte in the Channel Islands, commented: ‘Alex leads some of the most high-profile projects in the Channel Islands and has established a market-leading reputation amongst both clients and regulators for the most complex challenges the financial services industry is facing today. Alex’s promotion is recognition of his personal contribution to the growth and development of Deloitte in the Channel Islands and a vote of confidence in the jurisdiction by our firm across North West Europe.’
Outside of the office, Mr Adam is a (sometimes) keen cyclist; he also enjoys international travel and cooking. Alex is married to Ying Hua and they have two daughters, 11-year-old Thea and Ophelia who is four.