PwC Singapore has announced it will make $50 million in investments over the next five years as part of PwC’s refreshed global strategy that was announced in June.
Under the strategy, called The New Equation, PwC Singapore’s investment will be used to launch an ESG Centre of Excellence to build up capabilities in ESG (environmental, social and governance), admit 10 new partners annually, carry out new hires and upskill partners and staff in areas including ESG and digital transformation, and collaborate with ‘innovative players’, including developing digital products.
The firm says it will be hiring for over 300 positions across a wide range of competencies and experiences over the next year.
See also: PwC Singapore names Marcus Lam as new executive chairman following Yeoh Oon Jin's retirement
“Fundamental shifts in the way we now live and work have impacted businesses in many ways - notably stakeholder expectations on trust and delivering sustained outcomes,” says Marcus Lam, the new executive chairman of PwC Singapore.
“Singapore has always been valued on the international stage as an ideal place to conduct business for our reputation in governance, clarity of regulation, robust infrastructure and digital readiness. From this position of strength, businesses here are well positioned to pivot and transform themselves to surge ahead of the competition,” he adds.
PwC Singapore also announced the admission of six new partners across multiple disciplines.
Photo: Bloomberg
