The Sri Lanka firms of the PwC network have announced their decision to exit the network. The firms intend to join the Deloitte network, with effect from 28 October 2023. Further, it has been mutually agreed that PwC Sri Lanka will leave the PwC network as of 27 October 2023.
The PwC network and the Sri Lanka firms have also extended their best wishes to each other. While the PwC network no longer has firms in Sri Lanka, it maintains a strong presence in the region serving a wide range of both local and international clients from other offices across the region.
Commenting on the development, Sujeewa Mudalige, Territory Senior Partner said, “the decision to join the Deloitte network is well aligned with the firm’s strategic direction and business goals and combining with Deloitte will add to the potential for growth in key service areas of Audit & Assurance, Tax, Advisory, and Technology Consulting.We are confident that joining the Deloitte network would be a good fit and will deliver the desired impact for our business, our clients, and our people.”
Deloitte is the largest professional services network globally with presence in over 150 countries and comprising more than 450,000 professionals.
Channa Manoharan, Senior Partner, said “our commitment to stay relevant to our clients and deliver high quality work remains unchanged and as part of the Deloitte network there will also be no change to the services we offer. Our partners and teams who lead the work for our clients will continue to do so and ensure a seamless transition.We are also excited by the prospect of our ability to bring a wide variety of insights and offerings which we believe will support the growth aspirations of our clients and people.”
He further stated that, “we will continue to provide rewarding careers and international exposure to our people. We would also like to reassure all our stakeholders, including our clients, our people, our academic partners and service providers, that we will continue to strengthen our relationships, offering more opportunities for growth in the future.”