PricewaterhouseCoopers has announced the formation of a joint venture with its consulting practices in Southeast Asia, Australia and US.
Derek Kidley, former Asia Leader of the firm in Australia is the Head of the new venture based in Singapore.
PwC New Zealand, Australia and US jointly own 30% of the joint venture, with its Southeast Asian member firms in Indonesia, Singapore, Malaysia, the Philippines, Thailand and Vietnam holding 70% share.
The Southeast Asian Consulting Business commenced on August 1, 2013.
PWC New Zealand Chief Executive Bruce Hassall said that the move would provide PricewaterhouseCoopers clients access to an integrated service network and specialist consultants across the region, as well as allowing the firm to accelerate the expansion of its Consulting business in the Southeast Asia region.
PwC is growing its presence and consulting capability in Southeast Asia, with the new joint venture, he said.
“This is consistent with our New Zealand firm’s strategy in penetrating the Asian region. We have identified Southeast Asia as a region key to our business growth and sustainability, and it is the right time for the PWC network to focus its business model and investments into this region,” Mr Hassall said.
He said that the Company’s Consulting presence has a strong brand and reputation throughout the globe, and that it can now service Southeast Asia with a well-targeted approach, having the right people and investment.
