Blog of Francine McKenna

I came across an interesting BLOG of Francine Mckenna on the web and there is an entry about me!!!

You will find this BLOG @http://www.retheauditors.com/2007/07/vote-of-no-confidence-for-pwcs-indian.html

About her

Francine McKenna

Ms. McKenna has twenty-plus years of experience in the professional services environment, including tenure both in the US and abroad at PwC, KPMG/BearingPoint, JP Morgan and Jefferson Wells/Manpower. She leads McKenna Partners LLC, a specialized consultancy, advising other professional services firms, especially those with interests in Latin America.

re: The Auditors

The Roman satirist Juvenal asked, “Sed, quis custodiet ipsos custodes?” (But who guards the guardians?) Unprecedented changes in the accounting profession and professional services in general mean the current approach to safeguarding shareholder interests as well as the other stakeholders of the modern publicly traded global enterprise is no longer efficient nor effective.

24 July 2007

A Vote Of No Confidence for PwC's Indian Consulting Practice

Not sure what's left of it, actually. Word is that the whole practice walked out the door and over to Deloitte, but only the big names are in the paper. As usual, there was no announcement internally when this happened July 2 and limited discussion at their recent Advisory University annual practice meeting in Orlando a few weeks ago.

Maybe they ought to re-read their own whitepaper...

Band of Boys

"Rumourmongers have had a field day ever since he took a sabbatical and went to Harvard Business School to complete the Advanced Management Program in March 2007. ROOPEN ROY, 54, former Managing Director of PricewaterhouseCoopers (PwC) India, has finally put to rest speculations, joining as the Managing Director of Deloitte & Touche Consulting India, floated to consolidate the consulting services of $23-billion (Rs 94,300 crore) Deloitte in India. Says Roy, who severed his three decades of association with PwC: My team in India is well-positioned to build on Deloittes global capabilities. Roy is not alone. Three other former PwC partners, Joydeep Datta Gupta, Jaideep Ganguli and Arindam Guhahave also switched camps with him. Will the exodus stop at that? Its wait 'n watch for now."

Roopen Roy, three others join Deloitte local outfit

"Roopen Roy, the former managing director of PricewaterhouseCoopers, and three other top managers at the firm have joined Deloitte Touche Tohmatsu India Pvt Ltd, the global consultancy. Deloitte today announced the appointment of the four new partners who will manage and consolidate its consulting services in India. The firm intends to double the revenues of its Indian operations to Rs 1,000 crore by 2010.

Roy will join as the managing director effective October 1. The other three partners are Joydeep Datta Gupta, Jaideep Ganguli and Arindam Guha. Roy will also be part of the global consulting team. He headed PwC’s managing consulting practice until it was divested to IBM in October 2002."

Joydeep Datta Gupta was earlier head of the business solutions practice at PwC in India. Jaideep Ganguli has 20 years of experience in technology implementation, IT value management and governance. Arindam Guha specialises in strategy and business process consulting...

“Deloitte is among the four big firms that didn't divest its consulting business and we are the only firm providing a full suite of services,” Roy said. Deloitte has 100 partners in India and its current strength is double of its nearest competitor, Singh said.

Chicago, Illinois, United States

Ms. McKenna has twenty-plus years of experience in the professional services environment, including tenure both in the US and abroad at PwC, KPMG/BearingPoint, JP Morgan and Jefferson Wells/Manpower. She leads McKenna Partners LLC, a specialized consultancy, advising other professional services firms, especially those with interests in Latin America.