Int’l financial firm PwC sets up local office

PricewaterhouseCoopers (PwC) –the international financial firm which was hired to valuate assets of the closed sugar estates –has opened an office in Georgetown.

The company in a statement on Sunday said PwC Guyana will create new jobs and build local capacity in Guyana to provide comprehensive professional services to local and international clients.

“These services will include tax compliance and corporate secretarial services, advisory services such as consulting, deals, forensics and digital, risk assurance services including internal audit and cybersecurity, as well as other non-audit accounting services,” the company said.

The statement quoted Chief Executive Officer of PwC Caribbean Region Ltd., Frazer Lindsay as saying the company sees a “bright future” in Guyana.

“Having a physical presence here will strengthen our ability to support our local and international clients as they deliver on their growth and development plans,” she noted.

The Guyana office will be the ninth in the Caribbean region joining The Bahamas, Bermuda, British Virgin Islands, Cayman Islands, East Caribbean, Jamaica, Trinidad & Tobago and the Turks & Caicos Islands.

PwC Guyana’s office is located at the New Trafalgar Building, 165 Waterloo Street, North Cummingsburg, Georgetown.

The company’s Managing Partner here is Angelique Bart who is also the Tax & Legal Services Leader of its TT office.

Bart, a Guyanese, said she is proud of the country’s expected economic growth.

“PwC’s deep understanding of the market and extensive experience working in the country for nearly 15 years means that we are well-poised to support indigenous and international clients and to contribute to the realisation of the significant growth potential of the country,” according to the statement.

PwC’s co-Territory Leader, also from its TT office, Brian A. Hackett, said having worked with clients in Guyana over many years it’s clear there is a growing demand for the breadth of services that PwC provides. He added that this especially with a changing macro-economic and regulatory landscape in the region and globally.

PwC was hired by the Government’s privatisation arm –National Industrial Commercial Investments Limited (NICIL) –to conduct a valuation of the closed sugar estates and seek investments.

The Government closed the Skeldon, Rose Hall, East Demerara (Enmore) and Wales sugar estates from 2016 to 2018.