PwC New Zealand boosts its presence in Southeast Asia

News release - Text format

Friday 2 August 2013

News release

PwC New Zealand boosts its presence in Southeast Asia

PwC is growing its presence and consulting capability in Southeast Asia, with the formation of a new joint venture with PwC Consulting practices in Southeast Asia, Australia and the United States.

The venture will give PwC 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.

“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’s the right time for the PwC network to focus its business model and investments into this region,” says PwC New Zealand CEO Bruce Hassall.

“Our Consulting presence has a strong brand and reputation throughout the globe, and we can now service Southeast Asia with a well-targeted approach, having the right people and investment,” adds Mr Hassall.

The new Southeast Asian Consulting Business commenced on 1 August 2013. Former PwC Australia Asia Leader Derek Kidley has moved to Singapore to head up the new operation.

PwC New Zealand, together with PwC Australia and PwC US, owns a 30 per cent share in the new joint venture, with the Southeast Asian member firms holding 70 per cent share. They are Indonesia, Singapore, Malaysia, the Philippines, Thailand and Vietnam.

ENDS

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