The Tribune

PricewaterhouseCoopers (PwC) is aiming to leverage its regional network through different jurisdictions working more closely together, in a bid to better support clients.

Announcing that it is “transforming its Caribbean network”, the seven PwC firms in the Bahamas, Bermuda, Cayman, Eastern Caribbean, Jamaica, Trinidad & Tobago, and Turks & Caicos are coming together to create one strong Caribbean network, supported by a common vision and centralised systems.

“This new network is integral to the future of PwC,” says Prince Rahming, the firm’s Bahamas’ senior partner. “What has worked for the past 50 years is different from what we need to do to remain the number one professional services network in the Caribbean for the next 50 years.

“In the Bahamas this means that the firm will benefit from greater access to resources across the region to deliver the exceptional quality service that clients are accustomed to.

“From audit and advisory services to business recovery, our clients can expect that it is business as usual.”

The decision to become a more integrated network comes in response to changes affecting businesses in the Caribbean and around the globe. After months of intense study and engagement with stakeholders, senior PwC determined their organisational strategy and priorities, with the main goal of delivering greater value to clients, people, and communities.

The actions PwC is taking will ensure greater alignment and coordination between its firms in the Caribbean and global network, and result in the consolidation of internal services, including its internal IT, finance and human capital functions.

“Our steps are about strengthening our network to the benefit of our clients, and to preserve the long-term viability of our business,” said Mr Rahming “Economies under stress, evolving regulatory and professional requirements, and the growing expectations of our clients require us as leaders to take action now to retain our competitive position in the future.”