PwC has reappointed Dennis Nally as the global chairman of the firm.

This is Nelly’s second consecutive term as chairman and will start on 1 July 2013.

Nally has worked in various client and leadership roles at the firm since joining its Detroit office in 1974.

Nally said he was "honoured" by the decision and that he was "gratified to have the confidence to have the confidence of PwC member firm partners around the world."

PwC had an increase of 8% in its global revenues to $31.5bn, reaffirming its position as the world’s largest professional services firm.

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