PwC’s Banerjee may return to Singapore

Tags: PWC, Companies
The churn at PricewaterhouseCoopers India (PwC India) is set to continue. It is likely

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to see more people le­aving, including some partners, ahead of elections for the posts of managing director and chairman. This time the exits will be from the technology practice and tax practice unit. Peter Harvey, a senior partner from the UK, who was brought in as VC after the Satyam fiasco, has returned home before completing his term. Gautam Banerjee, a senior partner from Singapore, who came as India chairman in place of Ramesh Rajan is also expected to return home. PwC global chairman Dennis Nally is scheduled to visit India on October 6 to try and avert an election, which may lead to further attrition.

Responding to a questionnaire, PwC said, “We would not like to comment on speculation.” Asked spe­cifically if Harvey is leaving before the expiry of his term and Banerjee is also going back, PwC said, “We will not like to comment on internal firm matters.”

Earlier, soon after the Bombay High Court verdict on Sebi investigation, Kaus­hik Datta, PwC’s IFRS lea­der left with several collea­gues. Six of the seven partners of the firm’s Grid (go­vernment reforms and insti­tutional development) pra­ctice left with close to 100 officials and joined Deloitte Touche Tohmatsu India.

There was no comment from the KPMG spokesman. Deloitte India MD Roopen Roy said, “We are on the lookout for acquisition of talents. But we don’t comment on market speculations.”

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