PricewaterhouseCoopers converted to Limited Liability Partnership on 1 January 2009
Singapore, 5 January 2009 – PricewaterhouseCoopers (PwC), a previously existing accounting partnership in Singapore had on 1 January 2009 converted into an accounting limited liability partnership (LLP) known as PricewaterhouseCoopers LLP (PwC LLP), pursuant to the Accountants Act, Chapter 2 and the Limited Liability Partnerships Act, Chapter 163A.
PricewaterhouseCoopers Services Pte Ltd, a previously existing private limited company in Singapore, had also converted into a limited liability partnership on 1 January 2009, and is now known as PricewaterhouseCoopers Services LLP (PwC Services LLP), pursuant to the Limited Liability Partnerships Act.
PwC LLP provides Assurance and Advisory professional services, and PwC Services LLP provides Tax services and professional services in Infrastructure, Government and Utilities projects.
“With the conversion, business remains as usual for us,” says Mr Gautam Banerjee, Executive Chairman of PwC LLP and PwC Services LLP. “We continue to deliver a distinctive experience to
our clients and remain committed to our People strategy – especially in coaching and developing our people.”
The decision to convert the two PwC entities to limited liability partnerships is similar to developments observed both within and outside Singapore. The PricewaterhouseCoopers firms in United Kingdom and the United States are already operating as limited liability partnerships. In Singapore, many of the other accounting and professional services firms have also converted.
- ENDS -
Yih Lin, Chen (direct line: (65) 6236 3960, email: firstname.lastname@example.org )
Ivana TT Teo (direct line: (65) 6236 3959, email: email@example.com )
About PricewaterhouseCoopers – Globally
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
About PricewaterhouseCoopers - China, Hong Kong and Singapore
PricewaterhouseCoopers China, Hong Kong and Singapore operate on a combined basis, subject to local applicable laws. Taken together, we have more than 460 partners and a strength of 12,000 people.
The firm provides a wide range of services to help organisations solve business issues, identify and maximise opportunities. Our industry specialisation enables us to identify trends and customise solutions for your sector of interest. Each line of service is staffed with highly qualified, experienced professionals and leaders in our profession. These resources, combined with our global network, allow us to provide the support you need wherever you may be located.
We are located in these cities: Beijing, Hong Kong, Shanghai, Singapore, Chongqing, Dalian, Guangzhou, Macau, Ningbo, Qingdao, Shenzhen, Suzhou, Tianjin and Xi’an.