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04 Dec 2008
PricewaterhouseCoopers has pulled off a recruitment coup by poaching Ernst & Young’s UK head of tax, Paul Davies, to become a partner at the UK’s biggest accounting firm.
It is the second departure of a senior figure from E&Y in as many weeks. Last week Jock Lennox, the man who lost out to Mark Otty in the race to lead E &Y in 2005, announced he would take early retirement next year.
The Davies move will be viewed as a blow to E&Y, which is trailing Deloitte, KPMG and PwC in revenues. It is also integrating its 87 national firms into a single unit under a new management structure announced in April.
Davies said: ‘I have made this decision [to leave E&Y] because I want to work with the leading tax practice in the UK and globally. I believe the strength and depth of the PwC tax practice’s expertise is a real differentiator in serving clients consistently across the world.’
Ian Powell, PwC’s UK chairman, said: ‘This appointment is part of an ongoing programme to ensure we have the best people for the success of our business and clients.’
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Briefings
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Visitor comments Add your comment
brave
If this is how a men/ professional fulfils his goals, then he should reconsider his career. The guys from PwC should also consider the fact that they took a man who chooses to receive a cake, rather than cooking one of his own when having all the ingredients at hand.
Posted by: agni, 28 Dec 2008 | 00:00