Frank Friedman succeeds Joe Echevarria as Deloitte CEO

19 August 2014

The CEO of Deloitte US, Joe Echevarria, has decided to retire after 36 years at the firm. Frank Friedman, the current CFO of the accounting and consulting firm in the US, has been appointed as (interim) CEO.

In a press release, Deloitte US has announced that it has appointed Frank Friedman, the current CFO, as the firms’ (interim) CEO. The appointment follows the departure of Joe Echevarria, who was Deloitte’s US CEO since 2011. Echevarria has decided to leave 9 months ahead of the end of his 4-year-CEO-term, stating that he wishes to pursue his interest in public service. While the company is in the midst of the regular CEO-election process, which occurs every 4 years, it is unclear if Friedman will be elected CEO for the upcoming 4 years or if he will only serve as an interim CEO.

Friedman joined Deloitte in 1979 with a BA degree in Accounting, Accounting and Finance of the University of Kansas. During his 35 years at Deloitte, Friedman held the position of Deputy Managing Partner Operating Infrastructure, Systems & Technology for 29 years until 2008. In 2008, he became Deputy CFO of Deloitte US and US Operating Group Member. In 2011, he was promoted to Deloitte’s CFO and Managing Partner, Finance & Administration. “I am truly humbled to serve as CEO,” says Friedman. “It is an honor to have the opportunity to lead Deloitte — 65,000 people who every day deliver measurable and enduring impact on behalf of our clients, communities and society.”

Frank Friedman - Joe Echevarria - Deloitte

Joe Echevarria
Leaving CEO Joe Echevarria joined Deloitte in 1978 with a BA degree in Business Administration of the University of Miami. Echevarria became an Audit partner in 1988 and has held several leadership positions, including US Managing Partner of Operations. Echevarria was elected CEO in 2011 for a 4-year-term. While serving as CEO, Echevarria, among others, was member of the US Board, the Deloitte Touche Tohmatsu Limited (DTTL) Executive and the DTTL Board, and the Chair of the US Executive. During his leadership, Deloitte’s annual revenue grew from $11.9 billion in 2011 to $13.9 billion in 2013. “Joe has overseen a period of robust growth, helping to establish key client relationships and development opportunities for our people, and we are thankful for his years of service,” says Punit Renjen, Deloitte's Chairman.

Echevarria decided to cut his CEO-term at Deloitte short to pursue his interest in public service. “I have determined that this is the right time in my life to pursue my passion for public service,” says Echevarria. “Given my roots, inner-city Hispanic from the South Bronx—I am especially looking forward to continuing my role as co-chair with Magic Johnson on the My Brother’s Keeper Initiative, which is focused on helping boys and young men of color succeed.”


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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.