Deloitte Touche Tohmatsu, or Deloitte Global, the global tax, auditing, consultancy and financial advisory firm, has appointed Cary Stier as the new leader of its cross-functional investment management group.

Deloitte Touche Tohmatsu, or Deloitte Global, the global tax, auditing, consultancy and financial advisory firm, has appointed Cary Stier as the new leader of its cross-functional investment management group.

Stier is also a vice chairman and partner with Deloitte in the US, it said in a statement today.  He succeeds Stuart Opp, who died in April.  Patrick Henry will succeed Stier as the leader of the Deloitte US. investment management practice. 

“During Cary’s six-year tenure as the US firm practice lead, the investment management sector has been one of the fastest-growing practices within the US firm, expanding to now include four distinct client practice areas in the mutual funds, hedge funds, private equity and private wealth spaces,” Chris Harvey, Deloitte Global leader of the financial services group, said in a statement.

Stier will be responsible for leading Deloitte investment management practices’ footprint globally and work to drive global strategy for Deloitte services in markets including Europe, Middle East and Africa, the Americas and Asia Pacific. He will also continue to work with Jennifer Qin who leads the investment management sector in Deloitte China’s Asia-Pacific region as part of the GFSI group in Deloitte China.

Qin is the audit partner-in-charge for many private equity, venture capital funds, and asset management clients in China and prior to joining the Beijing office in 2008, had 11 years of audit experience for investment banks and broker dealers in Deloitte’s New York and London offices.

In addition to his new leadership position, Stier will also keep his client focused role with the US member firm.