Deloitte China names first local woman as CEO

Deloitte China has selected its first female chief executive officer from its local talent pool in mainland China, according to people familiar with the matter. 

Dora Liu will become Deloitte China's new CEO on June 1 for a four-year term, according to an internal email in January seen by Bloomberg News. She will take over responsibilities from Patrick Tsang, who will complete his second term on May 31, Its unclear what Tsang will do next. 

Deloitte China didn't respond to a request for comment. 

Mainland-born Liu joined Deloitte in April 1993 in Shanghai, the city where she is still currently based. She has worked with financial institutions including banks, securities, funds and insurance firms, according to Deloitte's website.