The firm expects to expand its team to 24 partners and over 250 staff.
New partners include Tony Evangelista, Carlyon Knight-Evans and Angelica Kwan. Evangelista, who previously helped set up PwC’s investment management regulatory compliance practice in New York and worked for the US Securities and Exchange Commission, joined the Hong Kong business last month.
Kwan joined the firm’s US tax consulting group. She practiced as a lawyer in New York for 15 years, most recently at Sidley Austin, and has experience in private equity, mergers and acquisitions and international transactions.
Knight-Evans will join the firm in December. He previously worked as the asset management sector leader for Asia Pacific at Ernst & Young and will focus on the hedge fund industry – a sector in which PwC said it has seen significant growth in recent years.
“We expect to see an increased demand for our service offerings to the asset management industry, especially after the announcement by China’s Vice Premier Li Keqiang to increase the trading of the yuan in Hong Kong,” said Marie-Anne Kong, PwC assurance asset management leader for Hong Kong.
“We’ve had the largest asset management practice in Hong Kong for some time. However, with the city’s growing importance as a global asset management centre and offshore renminbi hub, clients’ needs and the nature of services that they demand have also become more sophisticated.”
