PwC US has appointed Bruce Buchanan as
managing director for the company’s Business Recovery Services
(BRS) group based in New York.
In his new role, Buchanan, who has experience
in restructuring and capital markets, will serve in the
restructuring branch of PwC’s deals team, helping clients in their
financial strategies, and providing structuring advice.
BRS provides advice to stakeholders during
complex financial restructurings, bankruptcies and turnaround
PwC’s US BRS leader Perry Mandarino said
Buchanan’s strong history in assisting companies like Morgan
Stanley, Bank of America Merrill Lynch and GE Capital restructure
its divisions will greatly benefit PwC’s clients.
“His track record of supporting companies in
working with the various stakeholders involved during these complex
transactions while addressing their corporate financing needs is
highly regarded,” Mandarino added.
Prior to joining PwC, Buchanan served as head
of strategic finance and team leader of global restructuring at RBS
Securities Incorporated. This role entailed evaluating
restructuring alternatives and driving corporate solutions to
maximize recoveries and reduce risk and exposure.