Deloitte just triggered talent war by poaching 300 KPMG executives

Deloitte has kick-started a movement of its own sorts by poaching nearly 300 executives from KPMG.

As per reports, Deloitte is in the process of wooing away 20 partners along with their teams. Around 300 people across 20 teams will join Deloitte.

"Final offers were made two days back, and about 20 partners have already put in their papers. Three more KPMG partners are in negotiations with Deloitte and they too may resign in the coming days," ET quoted sources as saying.

Experts say the poaching will come as a big blow to KPMG.

Once the recruitment is over, this will give Deloitte enough ammunition to challenge EY in the advisory practice space.

Presently, Deloitte is the strongest player in the Indian auditing space and has about 55 partners in advisory. Whereas, EY has 125 partners in advisory vertical.

"Currently, EY is the biggest player in advisory practice. The fight is now going to be between Deloitte and EY," an advisory partner with one of the big four told ET.

A KPMG spokesperson told ET, “This (partners, executives joining Deloitte) is market speculation and as a policy we are unable to offer any comments on market speculation."

Deloitte is giving significant raise from their current salaries. "Partners would be required to serve about nine months of notice period, however one partner has been asked to serve a 12 month notice period," a partner in a KPMG's rival told ET.

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