The appointment of Levitt, whose work on the EMU and the euro dates back to a 1989/1990 implementation study for the European Commission, comes as the firm prepares for possible introduction of the single currency by the next election.
Phil Rivett, global leader of PwC’s banking & capital markets practice, said issues of European monetary policy and legislation would be core strategic considerations for its financial institution clients.
He said he was ‘delighted’ that Levitt was joining the firm, adding that Levitt would bring an ‘impressive combination of expertise and experience that will enable us to better serve our clients’.
Levitt joined Barclays in 1991 where he headed discussions with European banks, corporates and officials on the operational, systems and legal requirements for implementing a single currency, resulting in the banks adopting the euro.
He has also worked with the Confederation of British Industry, British Bankers’ Association and the London Investment Bankers Association of Payment Clearing Services.
Other posts include work as head of division in the directorate general for economic and monetary affairs at the European Commission and head of a fiscal policy division at HM Treasury.
Commenting on his appointment, Levitt said: ‘I am looking forward to putting my experience and intimate knowledge of the issues into practice in this new, exciting role at PricewaterhouseCoopers and advising both internal and external clients.’
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