We're grateful to have PwC as a Diamond Sponsor for our Oct 18-20th Conference! Learn a bit more about their services here in this Q&A!
For a new NAFER member who may not be familiar with your company and/or its solutions, can you tell us a bit about how your company/organization formed and it's key value propositions to receivers?
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Our industry-leading knowledge and exceptional resources can help you with your many receivership/trustee challenges across the globe. Our experience extends across numerous industries, including financial services (banks, investment companies, broker-dealers, securities firms, etc); real estate; manufacturing; and retail. Our restructuring advisory and forensic services professionals have direct experience in the industry of the entity in receivership, liquidation, or conservatorship. To find out more and tell us what matters to you by visiting us at www.pwc.com.
Are there any specific industry topics you'd like to discuss as we look towards the NAFER conference to showcase your viewpoint(s) as a service provider for many in this industry?
We have a long history helping receivers and trustees navigate their challenges. Tap into our detailed knowledge and experience in resolution and receivership management to address a variety of matters including:
- Early risk identification and resolution strategy planning
- Transition of operations to the Receiver
- Managing operations and executing the Receivership strategy
- Tracing funds and conducting other forensic analyses
- Gathering and preserving electronic evidence
- Recovery of lost and/or mismanaged assets
- Disposition/conversion of assets
- Entity wind-down and close out of the estate
- International Asset Searching / Global Intelligence
- Expert or Fact Witness Testimony
What advice would you give someone who has recently entered into the receivership industry based on your interactions with so many in this line of work?
Utilize NAFER as one of your primary resources for meeting colleagues, networking and professional development.
What are some tools that you feel are unknown or underutilized to some clients/NAFER members that you provide that you feel would be beneficial to be exposed to for their practice?
I think many Receivers primarily think of PwC related to the Forensic Accounting services that we provide. However, many Receivers forget that PwC can also; 1) help a receiver to preserve, collect and analyze electronic information; 2) perform global asset tracing services; and 3) assist the Receiver related to the strategy, operation and disposition of a business with significant ongoing operations.
What have you found to be most valuable in your membership in / involvement with NAFER?
NAFER has assisted me in broadening my exposure and network with the Receivership community. This community can then be leveraged for expertise and advice as you navigate the issues on each unique receivership engagement.