14 December 2010
London, 14 December 2010 - PwC announced today that Kennedy, a leading consulting research and advisory firm, has again ranked PwC number one globally in its Financial Consulting Marketplace 2010-2013 report.
PwC has also been ranked number one in the UK and Australia, two countries picked out for a special focus in the report.
“Kennedy’s findings once again demonstrate the unmatched depth and strength of PwC's Advisory business. What sets us apart is our ability to help clients in many industries and countries around the world find innovative solutions to their challenges. They have again recognised our commitment to delivering deep industry expertise to our clients by combining this industry knowledge with our world class Consulting and Deals skills." said Juan Pujadas, Global leader of PwC's Advisory business.
This report, produced annually by Kennedy, confirms PwC’s strong market position as the leading provider of Financial Consulting services. With over 25,000 Advisory professionals around the world, PwC works collaboratively with over 80 percent of the world’s Fortune 500 companies.
The report reflects Kennedy’s analysis of the global Financial Consulting marketplace, estimated at approximately $47.5 billion in 2009 across a broad spectrum of business advisory and consulting services employing financial competencies including, transaction advisory services, forensics and dispute advisory, crisis and recovery consulting, financial risk and controls advisory, tax consulting, and reporting and accounting advisory services.
The report cites PwC as a leader in many of these services. PwC offers "one of the world’s most robust set of risk consulting capabilities," it states and a "world class" forensic accounting practice. PwC's leading position in crisis and recovery services was also noted.
Kennedy estimates that the financial consulting market will grow at a compound annual rate of 2.5% globally over the forecast period, reaching US$52.5 billion by 2013. In both the UK and Australia Kennedy expects strong demand in the near term, particularly in the UK as Solvency II comes online in 2012.
Kennedy’s Financial Consulting Marketplace 2010-2013* report provides a broad analysis of the financial consulting marketplace. Included are the drivers that shape client demand, market trends, market size and growth, and analysis of the consulting landscape and its leading players.
*Note that this report was previously published under the title Business Advisory Services Marketplace 2009-2011. Kennedy states that the title has changed, but the scope of the report is basically the same with small revisions to segment names and definitions to reflect market changes.
Source: Kennedy, “Financial Consulting Marketplace 2010-2013”; © Kennedy Information; used with permission.
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