Renjen will assume his new role on 1 June, the start of Deloitte Global’s new fiscal year, it said in a statement. Renjen succeeds Barry Salzberg, who will retire from Deloitte Global at the end of its fiscal year (31 May 2015) and become a member of the full-time faculty of Columbia Business School as a professor of professional practice. Salzberg also plans to serve on public company boards.

The Deloitte network is composed of 47 member firms, operating in 150 countries, and employing more than 210,000 people worldwide, it said. Deloitte regularly comments on sectors including wealth management.

Prior to his latest role, Renjen served as chairman and CEO of Deloitte Consulting in the US.