PwC makes strategic management changes

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PwC Hungary has announced that several of its senior executives will be assuming new roles as of 1 July 2012. These management changes are another step in implementing the strategy the firm set out in 2010: bolstering PwC’s market position in Hungary, developing relationships with Hungarian companies, and strengthening certain service lines.
 

Irish-Hungarian CMP


PwC announced the appointment of Nick Kós (44) as Country Managing Partner of PwC Hungary at the beginning of 2012. Nick Kós will assume his duties as CMP from 1 July 2012, and will also serve as Assurance Service Line Leader. An auditing expert of Irish-Hungarian heritage, Mr. Kós began his career at PwC in Ireland in 1990. He moved to Hungary in 1994, where he rose to the role of Lead Partner in the telecommunications, information technology and media industry group. Later on he held a leading position at PwC Poland, and was Assurance Leader at PwC Moscow. He returned to Hungary last year to take over as Assurance Service Line Leader.
 

George Johnstone (60), the current CMP of PwC Hungary, will retire on 30 June 2012, the end of the financial year.


New leaders for Tax and Advisory service lines


Tamás Lőcsei (38) has been appointed as leader of Tax and Legal Services at PwC Hungary from 1 July 2012. Mr. Lőcsei joined PwC Hungary’s Tax and Legal department in 1997 as a lawyer, where he worked in the fields of customs and international trade law. He set up the Indirect Tax department in 2002. Through secondments to the Netherlands, Germany and Switzerland, he also deepened his experience in the field of direct taxes. In 2005, after being appointed Partner, he was put in charge of State Aid & Incentive Services. Mr. Lőcsei succeeds Russell W. Lambert as Service Line Leader. Mr Lambert has accepted a position as a member of PwC’s Global Tax Team, and will support PwC’s global tax network from Budapest.

 


Ádám Osztovits (39) will take over as Advisory Leader at PwC Hungary on 1 July 2012. He has 15 years’ experience in management and business consulting. The new Advisory Leader’s task will be to strengthen PwC’s leading position in the business consulting services market in Hungary and in the Central and Eastern European region. He will also be responsible for developing PwC Hungary’s Energy and Consulting services practice. Mr. Osztovits succeeds Rafal Krasnodebski, who has played an instrumental role in strengthening PwC Hungary’s Consulting practice in recent years, and will continue his career as the leader of PwC Ukraine Consulting practice.
 

New partner appointments


 

 

Gábor Balázs (38) will become Assurance Service Line Partner at PwC Hungary from 1 July 2012. Mr. Balázs joined PwC after graduation, and has provided audit services to some of our largest clients. He gained international experience by working in the Central IFRS Group of PwC London for two years starting in September 2004, where he assisted several major clients with transitioning to IFRS and worked on complex IFRS technical issues that arose at PwC’s international offices. In recent years, he has served as PwC Hungary’s IFRS Group leader and has played an active role in setting up the training centre PwC’s Academy in Hungary.
 

 

Balázs Mészáros (38) is also a new Assurance Service Line Partner. He has worked at PwC for 16 years. He spent two years in PwC’s San Jose office, where he provided audit services to technology companies, and one year at PwC’s Moscow office as Assurance Leader for CEE. He gained experience at companies operating mainly in the energy, retail and consumer goods and telecommunications sectors. Given Mr. Mészáros’s extensive experience in the fields of assurance and consulting, his appointment as Partner will strengthen PwC’s position in the Hungarian and regional SME sector.

 


From 1 July 2012, Tamás Bernáth (42) will lead PwC Hungary’s Financial Advisory practice as Partner. Mr. Bernáth has worked in this sector for over a decade: he was a consultant at McKinsey & Company, then continued his career at Erste Bank, and later became managing partner of Scale Consulting, a regional consulting firm. He and his team joined PwC Hungary at the end of 2010, when the company was acquired by PwC.
With the appointment of Mr. Bernáth as Partner, PwC seeks to strengthen its commitment to provide quality services to businesses in the financial sector. His appointment also strengthens PwC Hungary’s role as a Centre of Excellence in the CEE financial sector.
 

 

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© 2012 PwC. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Auditing Ltd., PricewaterhouseCoopers Hungary Ltd. and PricewaterhouseCoopers Advisory Services Ltd. which are member firms of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.