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Former Deloitte Lawyer Learns You Can’t Just Go Around Kissing People at Work Events (Allegedly)

Posted on by Going Concern News Desk
neon pink lips on a black background

Jassen Venkatasamy is in trouble before the Solicitors Regulation Authority, the regulatory body for registered solicitors (lawyers) in England and Wales, over an event that occurred last year at a Deloitte shindig. He’s been practicing since 2018.

The accusation is that on March 17, 2022, Jassen and colleagues were at the Waldorf Hotel in London for a social event organized by Deloitte. While there, he kissed an unidentified person on the lips, conduct the SRA said was “inappropriate and/or unwanted and/or sexually motivated.” And/or creepy.

The allegation is as yet unproven, he’ll be going before a Solicitors Disciplinary Tribunal now and the SRA could decide to bar him from practice or fine him. Said Deloitte in a comment to City A.M.: “As this is an ongoing regulatory matter, it would not be appropriate to comment.”

He no longer works for Deloitte.

 

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Deloitte Tax Sells Deloitte Investment Advisors to Aspiriant

Don’t panic! DIA only has 40 professionals serving 450 clients so the band isn’t breaking up. Although, maybe this is a segue into Barry Salzberg’s shopping spree. Who’s to say?

Whatever it means, both c happy with how the deal turned out.


Deloitte’s Chet Wood: “We determined that divesting Deloitte Investment Advisors is in the best interest of DIA, our professionals and our clients. As part of the Aspiriant organization, the business will have greater latitude for growth through offering additional services and pursuing its own marketplace interests.”

Aspiriant’s Rob Francais: “This acquisition is another step in our long-term growth strategy to ensure that Aspiriant remains a leading independent wealth management firm that is well-positioned to serve the needs of wealthy families for generations to come. The employees at Aspiriant and DIA share the same high standards and values; we are truly cut from the same cloth, and we welcome this exceptionally skilled team to Aspiriant.”

So. D Tax is happy to free up some cash; Aspirirant is happy to get some exceptionally skilled cloth. Carry on.

BPR:

NEW YORK, July 19 /PRNewswire/ — Deloitte and Aspiriant today announced they have entered into a definitive agreement under which Aspiriant Investment Advisors, a subsidiary of Aspiriant, a leading independent wealth management firm, will acquire Deloitte Investment Advisors LLC (DIA), a fee-only registered investment advisory group owned by Deloitte Tax LLP. The transaction is expected to close in September 2010, subject to customary approvals and closing conditions. Terms of the agreement were not disclosed.

DIA commenced operations in 1998 and is comprised of approximately 40 professionals. The group provides investment advisory services to individual and institutional investors and currently has approximately $2.9 billion in assets under advisement for more than 450 clients.

After a review of strategic opportunities for the business and an analysis of regulatory considerations, Deloitte Tax concluded that divesting DIA provided the best opportunity for the group’s future growth.

“We determined that divesting Deloitte Investment Advisors is in the best interest of DIA, our professionals and our clients,” said Chet Wood, chairman and chief executive officer of Deloitte Tax LLP. “As part of the Aspiriant organization, the business will have greater latitude for growth through offering additional services and pursuing its own marketplace interests.”

“This acquisition is another step in our long-term growth strategy to ensure that Aspiriant remains a leading independent wealth management firm that is well-positioned to serve the needs of wealthy families for generations to come,” said Rob Francais, chief executive officer of Aspiriant. “The employees at Aspiriant and DIA share the same high standards and values; we are truly cut from the same cloth, and we welcome this exceptionally skilled team to Aspiriant.”

Once the transaction is completed, Aspiriant will serve approximately 800 clients through eight offices in the U.S., and have more than $7 billion in assets under management and advisement.

“We are confident that our expanded team and geography will enable us to deliver additional benefits to clients through a broader range of investment and financial planning services, as well as increased depth of management and investment talent,” Francais added.

Comp Watch ’11: PwC Partners Making Deloitte Counterparts Look Like Peasants

The FT reports that the average partner in the UK took home £763,000, up 1% from last year. Ian Powell, the Chairman of the UK firm, took home £3.7 million. The average take home at P. Dubs puts Deloitte partners to shame who only managed to scrape together an average of £758,000, down from £873,000. What does the mean for the partners in the States? Probably nothing but it could indicate that Deloitte’s reign as the biggest of the Big 4 could be a one year wonder. [FT]

Barry Salzberg Is Going To Talk About Diversity Again

But this time it is called, “Diversifying Business Standards” and he’ll be touching on a number of issues that don’t have anything to do with with the “218 reprimands for failure to meet mandatory training requirements” (which may or may not include mandatory diversity training).

And we’re guessing he won’t make reference to the Chief Diversity Officer because if you don’t happen to have one, it’s simply impossible to be a diverse company.

Oh, and never mind the whole H-1B controversy at Deloitte Consulting. That will blow over.


This particular chat will be going on at the DiversityInc’s “How Global Diversity Impacts the Domestic Diversity” event that is going on Washington, DC next week. The agenda indicates that the speech will address the following issues:

What are global values? What are emerging global standards for accountancy? What standards should companies meet in every country? How can you get your top leadership to understand that diversity efforts must be global?

Now if you are able to understand these questions, please inform us of their meaning because we’re a little lost.

Will the speech be about global values for accounting firms? Are global diversity standards the next thing that will be converged? If so, we’ll remind you that the whole accounting convergence thing hasn’t gone so well. How do you think global diversity rules will work out?

Will the top leaders in companies need to attend training about global diversity first before they understand that world is diverse? Apparently some men at Deloitte don’t understand women yet, how the hell are they going understand someone in another country that might be across an ocean?

Deloitte CEO to Speak at DiversityInc Event [DiversityInc]