KUALA LUMPUR, 18 April 2012 – PwC today announced the appointment of Mohammad Faiz Azmi as the new Executive Chairman and Sridharan Nair as Managing Partner for the Malaysian firm.
They assume their new roles on 1 July 2012, taking over from the current leadership team of Executive Chairman Dato’ Seri Johan Raslan and Managing Director Chin Kwai Fatt, who have been at the helm of PwC for 8 years and 12 years, respectively.
Faiz, 49, is currently PwC's Joint Assurance Leader in Malaysia and also its Global Islamic Finance Leader. After being called to the Bar at Lincoln's Inn and training as a Chartered Accountant with Touche Ross & Co, London, Faiz began his career with PwC Malaysia in 1993. He has 25 years' experience in audit and business advisory services for financial institutions and listed companies in the UK and Malaysia. He is a council member of the Malaysian Institute of Accountants, a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), and is currently Chairman of the Malaysian Accounting Standards Board.
Sri, 47, is a Partner in the Assurance practice at PwC Malaysia. He has 23 years' experience in audit and business advisory services, having worked with a wide range of clients in the UK and Malaysia. Sri is an alumnus of Universiti Malaya and trained as a Chartered Accountant with Touche Ross & Co in London, where he qualified as a member of the ICAEW. He began his career with PwC in 1994. Over the years, he has led a portfolio of large listed client engagements across various industries and a number of cross border financial due diligence assignments. He is a member of the Malaysian Institute of Accountants.
On their appointments, Faiz said, “It is a privilege to take on this role. Sri and I look forward to maintaining the track record of previous leadership of our Firm, especially the role PwC plays in business and the community. We would like to reiterate PwC’s commitment to continuously improving levels of service to our clients.”
Sri added, “At the same time, we also are committed towards developing our people and growing our talent. The evolving business landscape brings with it challenges on the talent front - the accounting industry itself has not been spared. We see talent as a key catalyst for industry transformation and nation building. Rest assured, we shall continue to invest in talent."
During the transition period, Johan and Kwai Fatt will be working together with Faiz and Sri to ensure a smooth handover.
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