PwC India opens subsidiary in Bangladesh

Appoints senior banker and economic analyst Mamun Rashid as partner in-charge

Dhaka, October 26, 2015: PwC India today announced the opening of its subsidiary in Dhaka, Bangladesh, increasing the footprint of PwC network globally. This initiative will give PwC an opportunity to partner Bangladesh in its growth journey by offering services in areas of advisory and taxation.

Mamun Rashid will be partner in-charge of PwC Bangladesh. He comes with a rich experience of around 30 years as a banker and economic analyst. Over these three decades, he has worked across several leading financial entities in Bangladesh and abroad such as ANZ Grindlays, Citibank N.A. and Standard Chartered Bank and has been instrumental in establishing their business.

PwC has been operating in Bangladesh for many years and setting up of this subsidiary in Dhaka is in line with the rising importance of Bangladesh in a global business scenario.

Deepak Kapoor, Chairman PwC India and PwC Bangladesh said, ‘We believe that Bangladesh is on a growth trajectory and we look forward to be a part of this momentum by increasing our ground presence to offer our global expertise and deliver quality services suited to meet the local requirements.

With Mamun’s extensive experience, we are confident that PwC would be able to build a high performing team of professionals who will meet expectations of all our clients by offering them the right solution for their business challenges,” he added.

PwC Bangladesh would recruit from local educational institutions and also work with professional organisations to develop talent in the country.

Mamun Rashid, Partner in-Charge, PwC Bangladesh said, “I am very happy to be a part of the PwC Network. This foray is testimony to the long term commitment PwC has towards Bangladesh and our endeavour would be to work with our clients bringing in global best practices while developing localised solutions.”

PwC Bangladesh is currently operating from the Kawran Bazar commercial area. PwC Bangladesh has taken up around 8000 square feet office space in Laila Tower at 8 Gulshan South Avenue, Gulshan-1, Dhaka, which is expected to become operational in next 3-4 months.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

In India, PwC has offices in these cities: Ahmedabad, Bangalore, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune. For more information about PwC India's service offerings, visit www.pwc.in