Munesh Khanna to head PwC’s biz restructuring services

pwc-munesh-khannaIn a surprise move Munesh Khanna announced yesterday his resignation as co-head of investment banking at Enam Financial Consultants. Khanna, who joined Enam from NM Rothschild, spent less then a year at the investment bank. Previously, he worked at Arthur Andersen, where he set up and headed the corporate finance practice in India.

Global consulting firm, PricewaterhouseCoopers, has hired investment banker Munesh Khanna to lead its business restructuring services unit as part of its revised strategy for the Indian market. The company now wants to expand its footprint in the domestic market by widening its product and services offering.

With a strong force of 2,000 professionals globally, PricewaterhouseCoopers provides companies and their stakeholders services relating to debt advisory and special situations involving either stressed, troubled or under-performing businesses, including turnaround and restructuring plans and optimised exit strategies. This unit is called the business restructuring unit (BRS).

It is not clear whether Enam will be hiring anyone to replace him. Word spread in 2005 that Enam would be forging a joint venture with a global player, with Lehmn Brothers‘s name bandied about — but the rumours seem to have been baseless.

Careers wit PricewaterhouseCoopers  |  Jobs with Lehmn Brothers  |  Jobs with Enam Financial Consultants.