PwC 'set to revamp structure'

21 August 2008 In Business and Economy

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PwC 'set to revamp structure' PricewaterhouseCoopers (PwC) could be set to revamp its structure to allow its UK operations to develop key worldwide markets.

Sam DiPiazza, PwC's global head, told the Financial Times that the Big 4 firm's new structure would help it expand in emerging markets, where its fee income is rising at around 20 per cent a year.

Currently, only ten per cent of PwC's revenue comes from Asia and under the changes the strongest arms of the firm including the UK would be "far more directly involved" in helping to develop these markets.

"Even the best companies in the world have problems integrating systems across wide territories and we're not different," said Mr DiPiazza.

"This is about preparing us for working in a globalised world with heavy regional players."

Last month, PwC was named Accounting Firm of the Year by Global Investor Magazine.




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