Daily News: August 3, 2012

PwC Hires Buchanan as Managing Director, Recovery Services

PwC US announced that Bruce Buchanan joined the firm as a managing director with the firm’s Business Recovery Services (BRS) group based in New York.

In his new role with PwC, Buchanan serves in the restructuring services arm of PwC’s Deals team, assisting clients in evaluating strategic and financial alternatives and providing structuring advice to ensure successful recapitalizations and restructurings. As a veteran restructuring and capital markets specialist, he has participated in more than 100 restructuring-related transactions over the course of his career.

With a strong background in restructurings, recapitalizations and capital markets services, Buchanan has served in a variety of leadership roles with leading investment banking firms. Prior to joining PwC, he served as managing director, head of strategic finance and global restructuring group team leader at RBS Securities, evaluating restructuring alternatives and driving corporate solutions to maximize recoveries and reduce risk and exposure. He has also led the restructuring divisions at Morgan Stanley, Bank of America Merrill Lynch and GE Capital. Buchanan started his career in the financial audit group at PwC.