Teneo Expands Operations in Asia-Pacific with PwC New Zealand Acquisition
In a significant move to bolster its global presence, Teneo, the renowned advisory firm for CEOs, has announced its acquisition of PwC New Zealand’s Business Restructuring Services (BRS) unit. This strategic acquisition is a key step in Teneo’s ongoing expansion within the Asia-Pacific region and reinforces its commitment to providing comprehensive financial advisory services.
This deal, which was revealed on January 13, 2026, will see 22 seasoned professionals from PwC New Zealand join Teneo, bringing with them invaluable expertise in both local and international restructuring and insolvency matters. Among those transitioning to Teneo are notable partners such as John Fisk, Richard Nacey, Stephen White, and Executive Director Malcolm Hollis. They will operate under the leadership of Daniel Butters, CEO of Teneo's Financial Advisory division.
Teneo's acquisition of PwC New Zealand’s BRS unit follows its earlier purchase of PwC Australia's similar unit, completed in July 2025. Paul Keary, CEO of Teneo, emphasized the importance of this transaction, stating, "Today's acquisition marks another essential milestone in our global growth trajectory and our aim to enhance our offerings throughout Asia-Pacific. We remain committed to investing in this vital market, providing a diverse range of financial and reputational advisory services. We are thrilled to welcome our new colleagues from PwC New Zealand."
The New Zealand team, which will be integrated into Teneo’s global Financial Advisory operations, is positioned to offer refined services that cater to a wide array of clients facing restructuring and insolvency challenges. Additionally, with Teneo's established presence in Australia, Japan, Singapore, China, and Hong Kong SAR, this acquisition represents a strategic effort to strengthen its advisory capabilities across pivotal markets in the region.
Daniel Butters, head of Financial Advisory at Teneo, remarked on the enhanced opportunities this acquisition brings to the firm. "We see substantial growth potential in the region for a comprehensive advisory service that can handle critical events. This acquisition will enhance our expertise in a key market area and will enable us to continue delivering exceptional service to our clientele. The momentum we have experienced since our expansion into Australia last year has been impressive, and the addition of the New Zealand segment is a critical driver in sustaining that growth."
John Fisk, who will assume the role of Head of Financial Advisory New Zealand at Teneo, expressed enthusiasm about joining Teneo and the prospects it holds. He stated, “We are excited to align with Teneo and contribute to its strategy of developing a world-class financial advisory and restructuring practice. Our focus will remain on nurturing our team and achieving superior results for our clients.”
Andrew Holmes, CEO of PwC New Zealand, reaffirmed the successful transition, stating, “We are glad to announce the sale of our BRS unit to Teneo and look forward to a smooth transition. PwC will concentrate on empowering our clients in AI and business transformation while fostering trust in their endeavors. Our advisory, assurance, and tax legal teams are dedicated to supporting our clients' aspirations.”
Post-acquisition, Teneo employs over 1,800 professionals across its global networks, with the financial advisory branch expanding to nearly 650 employees. The firm has positioned itself as a go-to provider of services, ranging from business restructuring and corporate insolvency to capital advisory and forensic investigations.
This acquisition is expected to close by the end of February 2026, pending customary closing conditions, and will undoubtedly contribute to Teneo’s ongoing success in delivering premier advisory services.
About Teneo: Teneo stands as a leader in global CEO advisory, offering a broad spectrum of advisory services designed to assist clients in navigating complex business challenges. With an expansive network of senior advisors and operations in over 45 locations worldwide, Teneo serves numerous Fortune 100 and FTSE 100 companies as well as diverse organizations seeking strategic support.
This deal, which was revealed on January 13, 2026, will see 22 seasoned professionals from PwC New Zealand join Teneo, bringing with them invaluable expertise in both local and international restructuring and insolvency matters. Among those transitioning to Teneo are notable partners such as John Fisk, Richard Nacey, Stephen White, and Executive Director Malcolm Hollis. They will operate under the leadership of Daniel Butters, CEO of Teneo's Financial Advisory division.
Teneo's acquisition of PwC New Zealand’s BRS unit follows its earlier purchase of PwC Australia's similar unit, completed in July 2025. Paul Keary, CEO of Teneo, emphasized the importance of this transaction, stating, "Today's acquisition marks another essential milestone in our global growth trajectory and our aim to enhance our offerings throughout Asia-Pacific. We remain committed to investing in this vital market, providing a diverse range of financial and reputational advisory services. We are thrilled to welcome our new colleagues from PwC New Zealand."
The New Zealand team, which will be integrated into Teneo’s global Financial Advisory operations, is positioned to offer refined services that cater to a wide array of clients facing restructuring and insolvency challenges. Additionally, with Teneo's established presence in Australia, Japan, Singapore, China, and Hong Kong SAR, this acquisition represents a strategic effort to strengthen its advisory capabilities across pivotal markets in the region.
Daniel Butters, head of Financial Advisory at Teneo, remarked on the enhanced opportunities this acquisition brings to the firm. "We see substantial growth potential in the region for a comprehensive advisory service that can handle critical events. This acquisition will enhance our expertise in a key market area and will enable us to continue delivering exceptional service to our clientele. The momentum we have experienced since our expansion into Australia last year has been impressive, and the addition of the New Zealand segment is a critical driver in sustaining that growth."
John Fisk, who will assume the role of Head of Financial Advisory New Zealand at Teneo, expressed enthusiasm about joining Teneo and the prospects it holds. He stated, “We are excited to align with Teneo and contribute to its strategy of developing a world-class financial advisory and restructuring practice. Our focus will remain on nurturing our team and achieving superior results for our clients.”
Andrew Holmes, CEO of PwC New Zealand, reaffirmed the successful transition, stating, “We are glad to announce the sale of our BRS unit to Teneo and look forward to a smooth transition. PwC will concentrate on empowering our clients in AI and business transformation while fostering trust in their endeavors. Our advisory, assurance, and tax legal teams are dedicated to supporting our clients' aspirations.”
Post-acquisition, Teneo employs over 1,800 professionals across its global networks, with the financial advisory branch expanding to nearly 650 employees. The firm has positioned itself as a go-to provider of services, ranging from business restructuring and corporate insolvency to capital advisory and forensic investigations.
This acquisition is expected to close by the end of February 2026, pending customary closing conditions, and will undoubtedly contribute to Teneo’s ongoing success in delivering premier advisory services.
About Teneo: Teneo stands as a leader in global CEO advisory, offering a broad spectrum of advisory services designed to assist clients in navigating complex business challenges. With an expansive network of senior advisors and operations in over 45 locations worldwide, Teneo serves numerous Fortune 100 and FTSE 100 companies as well as diverse organizations seeking strategic support.
Topics Business Technology）
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