Thursday 18 January 2018

The Punt: Partners add up at PwC

PwC : eight new partners
PwC : eight new partners

PwC has appointed eight new partners to take effect from the beginning of July.

Brian Leonard becomes a partner in the firm's banking and capital markets practice, specialising in tax in the aviation leasing and finance industry.

Féilim Harvey will be a partner in the consulting practice which advises clients on complex business change and transformation projects.

Andy Banks becomes a partner in the risk assurance practice where he will focus on the delivery of internal audit services to clients.

Having advised Asian, European and US investment managers, Mary Ruane becomes a partner in the firm's growing asset management practice.

Deirdre McGrath, will be a partner in the consultancy giant's transaction services practice providing due diligence and related services to Irish and international clients across a range of industry sectors.

Paul Barrie becomes a partner providing audit and other services to businesses in the manufacturing, retail and consumer industries; and John Murphy will be a partner providing tax consulting and compliance services to domestic businesses including early stage technology companies.

And finally, Ronan Finn becomes a partner in the transfer pricing practice.

Lego builds up a green ethos

Lego is going green. And not just by painting its plastic bricks.

The world's biggest toy maker, beloved of everyone from Hollywood to China's Poltiburo - who approve of Lego's educational qualities apparently - is spending a fortune to find an alternative to the plastic used in its trademark, eh plastic, Lego blocks.

In fairness, for such a beloved brand the plastic thing does slightly jar in these more eco-conscious times.

Enter the Lego Sustainable Materials Centre, with a DKK1bn (€134m) budget and scope to recruit a staff of 100.

By 2030 Lego's ambition is to find and implement sustainable alternatives to its current materials. Current materials are mainly toe-splitting sharp bits of plastic.

The move goes way beyond the usual corporate "greenwash".

At time of writing however it is not clear whether the new eco friendly Lego will be any less excruciating, or exasperating, underfoot.

The Fed-ex has Sachs appeal

Like most people, The Punt was hardly surprised to read about the problems facing soccer these days but it was impossible not to taken aback that Chuck Blazer has secretly co-operated with an FBI investigation into Fifa from 2011.

The FBI could teach the authorities here a thing or two but we are clearly not the only people requiring the services of a good secret agent.

FBI agent Patrick Carroll, who oversaw the Bernard Madoff investigation and helped pioneer the use of phone taps that yielded dozens of insider-trading convictions, is now working for Goldman Sachs.

The 50-year-old recently became a vice president in Goldman Sachs's compliance, surveillance and strategy group. A native New Yorker with a Joe Friday "just the facts" style, Carroll became an agent in 1991, after stints at Lehman Brothers and Merrill Lynch, as the FBI pushed to hire people with financial backgrounds following the savings-and-loan crisis. Among his many successes was an 18-month securities-fraud case where he sent an agent posing as a corrupt trader to work in an exchange. Forty were convicted.

Can't see it catching on here somehow.

Irish Independent

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