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 situations.
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.