PwC sets up corporate finance board
PricewaterhouseCoopers has set up an advisory board of external non-executives to support its growing corporate finance business.
The business worth $50b (Pounds 35.46m) has completed over 900 deals globally and has grown exponentially over the past three years.
Chaired by Roger Freeman, a former PwC partner, board members include Gavin Casey, former chief executive of the London Stock Exchange, Tony McGarry, former director of business development at Bae and Charles Villiers, former deputy chairman of Abbey National and chairman of County NatWest.
Freeman said: ‘Over the last three years PricewaterhouseCoopers Corporate Finance has achieved much, virtually doubling its average deal size and deepening its industry knowledge and international network.’
The advisory board consisting of nine members in total with specific industry sector knowledge will advise PwC’s teams on new business targeting, how to approach target companies and relationship building.
2001 has been a testing year for corporate finance businesses, particularly in the field of mergers and acquisitions. However experts predict there is still high demand for industries in the ‘old economy’ sector.
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