Deloitte L.L.P. named Cathy Engelbert to be the first woman leading a Big Four consulting and accounting firm in the United States as clients confront tighter financial regulations and cyber risks. Engelbert, 50, was promoted from head of Deloitte's auditing unit and will replace interim chief executive officer Frank Friedman on March 11, the company said Monday. She will oversee about 65,000 employees at a business with almost $15 billion in annual revenue. Engelbert said the New York-based firm would invest boldly and accelerate hiring to increase the workforce to about 74,000 by the end of May 2016. The firm will boost spending on technology to help clients manage regulatory changes,...
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