PwC is set to parachute in a senior partner from the UK to run its business in China, as the fallout from its audit of collapsed property developer Evergrande continues to mount.
The accounting firm’s global leaders have tapped Hemione Hudson, a runner-up in the race to lead PwC UK earlier this year, to lead the scandal-hit China business, according to people familiar with the matter.
Unlike traditional multinationals, PwC operates as a network of independent, locally owned partnerships, so the appointment of an outsider to take charge of a member firm is a highly unusual step.
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