Carla Matthews joins PwC to lead contentious insolvency wing

23 August 2022 2 min. read
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Big Four firm PwC has announced the appointment of Carla Matthews as the leader of its contentious insolvency team. Ed Macnamara, Head of Restructuring, Refinancing and Insolvency at PwC, said the arrival of an expert in the recovery of funds would be “highly valuable” to the firm’s clients.

Macnamara continued, “Carla is a marquee addition to our market-leading team. Victims of corporate fraud, creditor activist groups, government departments and regulatory bodies regularly approach Carla for advice and assistance where there is a need for a considered, strategic approach to maximise recoveries and manage associated risk.”

Having spent more than 20 years investigating, litigating and recovering assets, Matthews has developed expertise covering a range of complex issues. Most recently a Partner at Begbies Traynor, her responsibilities included cross-border, multi-jurisdictional high stakes disputes, where client assets are at risk of being sold off, and which required repatriation.

Carla Matthews, Partner, PwC

Looking ahead at PwC, Matthews will lead a team including senior managers Emma Fayers and Charlotte Vipond – two other experts with an outstanding record of successfully pursuing claims where there has been suspected fraud, financial impropriety, breach of statutory provisions or there is a requirement to implement asset tracing and recovery measures. The team will work closely with colleagues across PwC’s forensics and wider deals practice, reinforcing the strong existing relationships in these complementary areas.

Matthews, who becomes Head of Contentious Insolvency and Asset Recovery at PwC, said, “I’m delighted to join PwC and lead the contentious insolvency and asset recovery team. We will leave no stone unturned in ensuring the best possible outcomes for clients. From an asset recovery perspective I relish harnessing PwC’s global presence to provide a global solution to a global problem.”

Unauthorised, quickfire sales of assets belonging to companies and individuals are increasing. Figures based in multiple jurisdictions can now shift assets to global offshore locations with the click of a computer button. Responding to this, successful asset recoveries and cross-border litigations PwC’s team has recently delivered include projects in the Channel Islands, the Caribbean, Middle East and Europe.