PricewaterhouseCoopers partners form new alliance

ST JOHN’S, Antigua- The Antigua, St Kitts and St Lucia partners of accounting firm PricewaterhouseCoopers (PwC) have ended their relationship with that company and have forged a new alliance with Grant Thornton International Limited.

Companies that subscribe to the firm were told of the move in a letter last week – ahead of the July 1 changeover date.

Officials yesterday declined requests for an interview, except to indicate the firm was not bought out but that several of the accountants partnering with PwC have moved over to Grant Thornton International.

Online information on the Grant Thornton International indicates it is a global professional services network of independent accounting and consulting member firms that provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities.

Charles Walwyn, managing partner of the Grant Thornton practices in Antigua and St Kitts, promised – in a press statement – the changeover will be “seamless” and “will not” disrupt services to clients.

“This is an entirely amicable separation which will see us continuing to work closely together with our former colleagues to meet the needs of regional companies with operations in the OECS. The name over the door may have changed but … our commitments have not,” he said.

Meantime, Marcus Hatch, territory senior partner of PwC East Caribbean in Barbados, stated that PwC in the Caribbean is currently engaged in a transformation of its business in response to the changes affecting businesses in the Caribbean and across the globe.

He said, “We have seven firms that are investing heavily to create one strong Caribbean network, supported by a common vision, and centralised systems and tools. The Barbados-based firm of PwC East Caribbean will be part of the new Caribbean network, but the St Lucia, Antigua and St Kitts partners will not be joining and will instead pursue a future with Grant Thornton.”