Tom Seymour, PwC CEO who has resigned, refused to explain his departure from Zhu Minshen's Top Group board - PwC retains 15% in the Communist Party China linked Top Group

 by Ganesh Sahathevan 

                                                                           

         PwC Australia chief executive Tom Seymour.CREDIT:MICHAEL QUELCH
     

The documnent above was filed on 18 November  2022. The list of directors does not include Tom Seymour, the PwC CEO who has just resigned.  He was appointed in 2016 when PwC  acquired a 15% stake in Top. 

Seymour was sent the above  with a query as to his absence, amd a further query about who was left to represent PwC's interest in Top Group.He remains silent. Seymour resigned on 17 November 2022, together with a number of other directors. 

No reasons were provided.Seymour was a director at the time o the IPO in 2018. 

TOE BE READ WITH 

Aus: PwC acquires 15% of TOP Education

Posted on Jun 22, 2016 by Natalie Marsh

Posted in Acquisitions, News, under Australasia.
Tagged with Australia, PwC, TOP Education.
Bookmark the permalink.

PricewaterhouseCoopers in Australia has acquired a 15% stake in Australian private higher education provider, TOP Education, in order to “encourage closer collaboration” between Australia and China’s international education sectors.

TOP Education, based in Sydney, is one of the 42 institutions in Australia on China’s ‘white list’ of trusted education providers for Chinese students, the Jiayou Shewai Jianguan Xinxi Wang.

Minshen Zhu, founder of TOP Education, said that the two companies working together “will encourage closer Australia-China collaboration in the sector”.

“TOP and PwC will play major roles in helping Australia’s education export sector grow through a reputation for quality and innovation,” he added.

TOP Education provides undergraduate and postgraduate degrees in business and is the only non-university institution offering Australian law degrees.

“This investment in an alliance with TOP Education positions us to capitalise on the rising demand from China for Australian tertiary and executive education services”

In addition to the investment, the two parties have agreed upon a long-term alliance, which will include PwC creating initiatives, such as digital education solutions and tertiary student career development, for TOP Education.

“This investment in an alliance with TOP Education positions us to capitalise on the rising demand from China for Australian tertiary and executive education services,” said Kai Zhang, PwC Australia’s China practice leader.

The acquisition will also strengthen PwC’s focus on international education.

“Australia needs the services sector to step up and fill the gap left by the slowing demand for commodities,” said Tom Seymour, financial advisory leader at PwC. “Education-related exports present one of the most promising areas for growth.”