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PwC Arata June 14, 2006

Posted by fukumimi in Economy & Business, Finance, Japan.
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Having reported earlier that the Mainichi Shimbun was reporting that PwC's new Japanese firm Arata was going to employ 60-80 accountants transferred from ChuoAoyama, the Nikkei is reporting today that the headcount at Arata is expected to start at approximately 145, and will reach 800 by the end of the year. The number includes non-chartered accountants such as support staff.

Nevertheless, it seems like there is going to be a shift of a good proportion of the old ChuoAoyama crew over to Arata.

New name, same company?

Arata expects approximately 700 corporate clients on its books in the first year. I expect they will be pretty much all ex-Chuo Aoyama clients.

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