PwC has appointed Elizabeth Stone to lead its asset and wealth management practice in the UK. She replaces Mark Pugh, who has been in the role since 2014.
Stone has led PwC’s asset management tax team since February 2013, has been with PwC for 17 years and has over twenty years experience working with clients in both the UK and Australia. She advises global traditional and alternative asset management clients on both corporate and product tax issues. In her new role, Stone will be responsible for PwC’s work with both asset and wealth management clients across audit, tax, advisory, deals and legal services.
Mark Pugh will take up a new role as the business unit leader of PwC’s asset and wealth management business in Assurance. In his new role Pugh will be building on the success of the Assurance business in this sector, as it continues to grow against a backdrop of increased regulatory scrutiny, rapid evolution in technology and changing operating models.
Stone says: “I’m thrilled to have been asked to lead such a strong and talented team. The UK’s asset and wealth management industry is an exciting place to work and there are undoubtedly a number of challenges as well as opportunities on the horizon.
“I look forward to continuing to help our clients ensure they are well placed to deal with issues such as Brexit, technological change, ongoing regulatory scrutiny and cost management.”
Commenting, Andrew Kail, UK financial services leader at PwC, says: “Asset and wealth management is a vital part of the UK financial services industry and a key industry sector for PwC so I am delighted Elizabeth has taken on the leadership of our UK practice.
“Elizabeth brings a wealth of experience and is perfectly suited to working alongside our clients as we help them manage a number of significant changes in the coming years.”