Deloitte purchases minority stake in PwC Indigenous Consulting
The big four firm has announced the purchase of a minority stake in PwC’s First Nations consulting business, set to be rebranded as “Yamagigu”.
Deloitte has stated this purchase “marks the evolution” of the consulting business after more than 10 years of success in benefiting First Nations people.
The purchase of the business, formerly known as PwC Indigenous Consulting, will be renamed Yamagigu Consulting by Deloitte, with the motive of honouring relationships and beneficial partnerships with Aboriginal and Torres Strait Islander peoples and communities.
Deloitte’s statement said Yamagigu is a Wiradjuri word meaning “our purpose is to go with you” which encapsulates the spirit of partnerships and shared journey.
The Wiradjuri tribe is from central NSW and was one of the largest Aboriginal Australian groupings in the country.
Deloitte Australia chief executive Adam Powick said this is an important step for Deloitte in aiding ongoing professional services and consulting work with First Nations people.
“Yamagigu Consulting brings together market-leading Indigenous consulting and advisory expertise and Deloitte’s deep professional services capabilities to support the invaluable ongoing work of the largest First Nations consulting business in Australia,” he said.
Yamagigu Consulting will uphold the values of truth, respect and self-determination, as well as reinforce its majority First Nations-owned corporate and governance structures, the firm said.
Powick said the consulting business will continue to aim to be a market leader and create meaningful, significant change for First Nations people.
“We’re really excited to be entering this new venture with the Yamagigu team as they continue to effect meaningful change to create greater prosperity and wellbeing for Aboriginal and Torres Strait Islander peoples, organisations and communities.”
“Yamagigu will provide First Nations expertise on government, private sector, and community-based clients in designing and delivering policies, programs and services to improve outcomes for Aboriginal and Torres Strait Islander Australians, in line with the principles of Closing the Gap,” Deloitte stated.
Yamagigu chief executive Gavin Brown said the buy-in from Deloitte highlighted the beginning of a new and exciting era for the business.
“This is an exciting new chapter for our business and one that will allow us to grow our impact while continuing to support the self-determination of First Nations communities,” Brown said.
Over the last 10 years, the business has accomplished significant achievements and is nationally renowned.
Brown said the company is proud of what it has achieved in its first 10 years and is looking forward to continue sharing this with First Nations people.
“We are very proud of the work we have done over the last 10 years of operation with more than 1,300 projects completed across more than 800 communities around Australia and we look forward to continuing to offer our First Nations expertise that has made us a valued partner of governments, the private sector and First Nations organisations,” he said.
“We thank the wisdom and generosity of Wiradjuri Elders who worked with us to reflect the essence of our business, and our commitments to First Nations peoples and communities, through language.”
