PricewaterhouseCoopers Cayman Islands recently appointed Managing Director David Walker as its first Corporate Finance and Recovery partner since the formation of PwC’s Caribbean and Bermuda region, which includes the largest Corporate Finance and Recovery practice in the Caribbean.
PwC in the Caribbean and Bermuda comprises of eight independent PwC firms with more than 80 partners and 1,000 professional staff who collaborate together within the PwC global network, states a press release.
‘This is a great step forward,’ explained PwC Senior Partner Nick Freeland. ‘Few people in the world have David’s level of expertise. He’s made a huge impact on our clients and our firm since his arrival in 2004. David has attracted top quality work, delivered world-class solutions and developed great relationships with his clients and his team. Both PwC and Cayman are benefiting greatly thanks to David’s unique experience – we’re undoubtedly helping to advance PwC and Cayman as a heavyweight in the global insolvency and restructuring arena.’
Mr. Walker admits that he’s delighted and is quick to give his Corporate Finance and Recovery team credit.
‘Of course I’m thrilled to accept this new privilege and responsibility, but I must also acknowledge the great CFR team that supports me every day – they’re true professionals.’
Mr Walker pointed out that the quality of work in Cayman is not only high calibre, but also more interesting than anything he’s ever done in many years in the industry. ‘I’ve had the opportunity to work on many high-level projects around the globe,’ he added, ‘but my work in Cayman has been the most fascinating thus far. And it’s my goal to make PwC and the Cayman Islands the number one centre of excellence for corporate restructurings, forensic investigations and insolvency. The aim is to have companies and their advisers want to use our services in Cayman, no matter where the physical presence of the companies or funds are. To do this requires a firm such as ours with a local presence and a global reach and capabilities across many services and industries and it is this which differentiates us.’
The PwC Cayman CFR team includes six insolvency-qualified accountants and three other professional staff, the team having qualifications in business, finance and insolvency. One such professional is Caymanian native Jodi Jones, a newly-promoted Assistant Manager with six years experience at PwC Cayman, the release added.