Kevin Burrowes, who is currently PwC Network’s global clients and industries leader based in Singapore, will relocate to Sydney for the chief executive role and will be made a partner of PwC Australia.
“Under past leadership, PwC Australia failed to meet the Network’s Code of Conduct and uphold the Network’s professional standards and values. Its past actions are not representative of the work and behaviours of PwC around the world and I am deeply sorry to our clients, our broader stakeholders and our people,” Moritz said.
Before his current role as global clients and industries leader, Burrowes was managing partner of PwC UK’s clients and markets department and has also had stints in senior executive roles at IBM, Credit Suisse and the Royal Bank of Scotland. His career spans across Singapore, London, New York and Frankfurt.
He also thanked acting CEO Kristin Stubbins, who will remain in the role until Burrowes completes the Australian immigration process.The company on Sunday also confirmed it would sign a binding agreement with Allegro Funds to sell its federal and state government business for $1 by the end of July.
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