PwC breakaway unit Scyne appoints interim chief
Scyne Advisory has appointed former PwC partner Richard Gwilym as its interim chief executive as the breakaway firm continues pitching its new approach to public sector consulting to wary federal and state government departments.
Former PwC partner Richard Gwilym has been appointed the interim chief executive of Scyne Advisory.
The former PwC partners behind the advisory outfit, which PwC sold to private equity investor Allegro Funds for $1 last month, have also wrapped a series of “listening tours” with potential partners and staff about how the breakaway will operate.
PwC’s leaders made the drastic decision to offload the division, which brought in about $600 million in revenue last financial year, when the Commonwealth shut it out of winning new public sector work because of the firm’s response to its continuing tax leaks scandal.
As reporting by The Australian Financial Review revealed, PwC partners used confidential public tax information to benefit clients. In a bid to distance the new operation from PwC, Scyne will service only public sector clients.
The new outfit has also implemented a series of governance structures, including having former Federal Court judge Andrew Greenwood vet potential leaders and staff, to increase transparency and win back public trust.
Allegro is investing about $100 million in Scyne as part of an ambitious plan to reshape the way consultants service public sector clients.
Mr Gwilym will lead Scyne on an interim basis until a permanent chief executive is selected by its yet-to-be-finalised board. He is a former leader in PwC’s consulting arm and specialises in advising public sector clients on digital strategy and transformation.
Scyne also appointed an interim executive team made of
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