PwC recently announced an enhanced collaborative structure, which will enable PwC member firms in Asia Pacific to provide integrated business solutions and deep industry expertise to businesses seeking growth across the region.
A PwC spokesperson told Accountants Daily that the new structure will benefit both member firms and clients across the region.
“The collaboration is focused around how we will invest across the region to benefit clients in key growth areas,” the spokesperson said.
“Asia Pacific is a collaborative arrangement between PwC firms that have operations in Australia, Cambodia, Hong Kong, Indonesia, Laos, Macau, Malaysia, Mainland China, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand, Timor Leste and Vietnam.”
The spokesperson clarified that the collaboration will not result in economic integration, rather a central investment fund will be created for all Asia Pacific firms.
“PwC Asia Pacific does not involve economic integration across the firms, which are partnerships owned in each individual country. However, it does involve the creation of a central investment fund which will enable us to make strategic investments in the region to support client work,” the spokesperson said.
“PwC Asia Pacific is a whole of firm approach to working more collaboratively across the region.”
Meanwhile, PwC Australia CEO Luke Sayers added: “Asia Pacific is the fastest growing and most opportunity rich region in the world and the growth potential for Australian businesses is substantial and still very much untapped.”
“Adopting a regional approach allows us to source the most relevant skills and bring that to the client opportunity wherever it exists throughout the region.”