In his new position, Mr Taylor will head up a team responsible for assessing quality across all of PwC’s assurance business worldwide, reporting to the Global Leadership Team.

Mr Taylor has 37 years of experience in auditing and accountancy. A move to the Channel Islands in 1985 coincided with his admission to the Partnership at PwC. He was appointed Senior Partner in 1992 and played a key role in managing the merger with Coopers & Lybrand in 1997, becoming Senior Partner of the newly formed PricewaterhouseCoopers Channel Islands firm.

Commenting on his past and new roles, Mr Taylor stated that:

“Much of my enthusiasm over the years has been derived from helping people reach their potential and develop through the PwC network. With its unique position at the heart of international financial services, PwC in the Channel Islands is a formidable intellectual powerhouse, something of which I am immensely proud."

"I am particularly excited about this global appointment as it recognises the quality of the standards that we set for ourselves in Jersey and Guernsey.”

As part of his new role, meanwhile, Steve Le Page will take on overall responsibility for developing the firm’s tax business in Jersey and Guernsey. He will also maintain close contact with offices in PwC’s global network to ensure that the Channel Islands practice remains at the forefront of global finance.

Born and educated in Guernsey, Mr Le Page has more than 25 years of accountancy experience, having joined Coopers & Lybrand in 1980. In 1999 he was appointed Partner in Charge of the Guernsey practice of the then merged firm PricewaterhouseCoopers.

Throughout his career, Mr Le Page has been involved in a number of innovative developments within Guernsey’s finance industry, including helping develop the now popular Protected Cell Company (PCC) structure.

He commented:

“I have spent a significant amount of time working in both Jersey and Guernsey and believe that this is an exciting time for PwC in the Channel Islands. Philip has led the firm to great achievements in the last 10 years, and it will be an advantage to still have access to his knowledge and global insight.

"I am very much looking forward to leading a highly qualified and skilled team of staff across the islands as we develop further innovative services and continue to fly the local flag at an international level.”