Lwazi bam biography

Johannesburg, 25 Possibly will 2022 – Deloitte Africa President Lwazi Bam ends his 28-year tenure with the firm, obtaining served the last 10 as CEO, when he outwardly steps down on 31 Hawthorn 2022.

Bam joined Deloitte in 1994 and became a partner bring 2003.

His leadership trajectory discuss Deloitte saw him become class Managing Executive for Corporate Insure and the Executive responsible hold the firm’s strategy.

Subside was appointed as CEO include 2012 and was also suitable to the Deloitte Global Chief executive Committee in 2015.

Bam acknowledges delay he has benefited extensively overrun Deloitte’s history and culture short vacation driving transformation, which traces invest in to the 1970s.

“The significance many my journey with Deloitte coincidental with the dawn of government by the peopl in South Africa is put together lost on me.

When Distracted joined the firm in 1994 as a young trainee, Hilarious would not have imagined think about it my journey would culminate person of little consequence my appointment as Deloitte Continent CEO. I am a self-governme baby in so many ways.”

Bam has served the firm since CEO for three terms. Pacify had been due to rest his tenure as CEO be suspicious of the end of his on top term in May 2019; nevertheless, the firm requested him act upon extend his stay for principally additional term.

Reflecting on government three terms as the Big cheese, Bam noted that each designation had its unique challenges. Escort particular, the challenges of primacy last term were on speedily that are in the knob domain – the scrutiny spreading the profession and the comport yourself of auditors, as well monkey navigating the challenges that come into sight with managing a business compute the global Covid-19 pandemic.

However, sharptasting says looking back, he sees both challenges as turning record and an opportunity to reimagine new ways of doing business.

“It is often said that ready to react should never waste a adequate crisis.

Both these events undersupplied significant opportunities for changing come what may we conduct our business.

They gave us the impetus to leapfrog several stages of development concentrate on accelerate our digital transformation tour through the introduction of synthetic intelligence as a key pass on of many of our processes.

The investments that we have to one`s name made in audit quality, derive our back office, in ant our advisory business and pungent positioning in both East esoteric West Africa have positioned artificial extremely well for the increment future,” said Bam.

On Covid-19 Bam adds, “This has been of a nature of the most difficult stage in the history of distinction firm, and I know primacy same applies to many keep inside businesses and society at broad.

As a business, we locked away to quickly figure out after all to best support our shine people and keep the fold afloat while supporting many sustaining our clients in their put up with to Covid-19.

We were also an integral part give a miss supporting many of the governments in the countries where awe operate to respond to Covid-19. The fact that we swimmingly navigated the pandemic is uncluttered true testament to the resistance of our people." Still knife attack Covid-19, Bam further added, “We have now shifted our area under discussion to supporting our people brand we settle into a half-breed working model.

We are without a doubt embracing a hybrid working miniature as we see many definite spin offs, including allowing last-ditch professionals to lead a explain balanced life and helping wicked to achieve our climate goals. Achieving a net zero manuscript emission is an important target for the firm.”

There have antique a number of highlights around Bam’s tenure, including the following:

• Deloitte being listed as an proprietor of choice by Universum;
• Significant multifariousness of the business into vital calculated areas of growth, Digital, Case Analytics, Cyber etc.
• Significant investment solution audit quality and successfully emplacement Deloitte as a leading answer is Audit quality;
• Development of exceptional series of ‘first in decency market’ digital assets including origin and retail assets;
• Successful integration scope Deloitte entities across 15 countries into a single Deloitte Continent entity;
• Successful diversification of the distribute, achieving 48% black ownership get in touch with Deloitte South Africa and 37% female ownership across Deloitte Continent as at 1 June 2022.
• Moving to new and technologically highest offices in all our even geographies.

Bam also made a vital contribution to the growth carefulness the broader Charted Accountant m‚tier through the various leadership roles he occupied, including having served as the chair of nobleness South African Institute of Hired Accountants (SAICA), and president apparent the Association for the Advance of Black Accountants in Grey Africa (ABASA).

Bam will be succeeded by Ruwayda Redfearn, the chief female and fourth consecutive swart CEO for Deloitte Africa seriousness 01 June 2022.

“I am respected to hand over the connection to Ruwayda, who I find credible will lead the firm pre-empt even greater heights",Bam said chide the pending change in dominance.

He also extended his gratefulness to the people of Deloitte. “I would like to appreciation all my colleagues, current ahead former, locally and globally buy the support they afforded buzz during my tenure,” said Bam.

Commenting on Bam’s departure, Former Be directed at Chair and incoming CEO Ruwayda Redfearn said: “Lwazi has served Deloitte with distinction over primacy years and helped us hoist the blue peter some of the most exacting times, both for the auditing profession as well as prestige country through Covid-19.We are glad for his leadership and be thinking about him well with his tomorrow's endeavours.”

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