PwC rehires senior Bermuda executive as it reboots strategy

PwC Bermuda has made a key strategic hire to lead a new deals platform as part of a reorganisation of its advisory business.

Joseph Gordon will rejoin in May to lead PwC’s platform originating, creating, executing and realising results from deals. Gordon has previously led high-profile projects for PwC in the UK, Bermuda and the Caribbean region, and brings 17 years’ experience across deals advisory, including mergers and acquisitions, restructuring and insolvency, consulting and forensics.

Under the new strategy, the business will be aligned with the company’s four global platforms: deals, risk and regulation; transformation; and environmental social and governance (ESG) issues.

The strategy responds to “a changing world impacted by technological disruption, fractured geopolitics and climate change”, the consultant said.

“The strategy focuses on two interconnected needs faced by clients around the world: To build trust and deliver sustainable outcomes. Solving the problems of the future requires teams of solvers - each with depth in their area of specialism and together combining all the skills needed to solve new and complex challenges,” it added.

Arthur Wightman (pictured), PwC Bermuda leader, said: “We are excited to commence a multi-year investment in developing our business and deepening our capabilities to meet the needs of our clients now and into the future.

“We will be investing in existing and new capabilities with a number of strategic hires over the coming months. Furthermore, we will continue to rapidly expand our use of digital solutions, and cloud, artificial intelligence, virtual reality and other emerging technologies to deliver insight and drive competitive advantage for clients.”

Gordon commented: “I am excited to take on this new role, and I look forward to working with my colleagues in supporting our clients to create, sustain and protect value. Potential deal disruptors such as financial market volatility, and macroeconomic headwinds, mean the need to have robust plans for M&A value creation will be extremely important this year.”