PwC Exits Sri Lanka, Maldives as Affiliates Join Rival Deloitte

PwC’s affiliates in Sri Lanka and Maldives will part ways with the global network later this month, joining Big Four competitor Deloitte, the firms said.

Through the acquisitions, Deloitte will expand its market reach in the pair of island nations, which lie to the south of India, allowing the firm to offer “more robust” services to clients there, Deloitte’s Sri Lanka affiliate said in a statement.

PwC, in a statement, confirmed that the global network and its affiliates agreed to part ways effective Oct. 27. The move means PwC will no longer have a presence in the two ...