PwC will today announce a global reorganisation that matches the efforts under way by some of its fiercest rivals and underlines an industry shift towards the emerging markets.

The firm will, in future, be organised into three geographical regions led by the biggest firm in each – namely, the US, the UK and China. The move will draw the firm, organised as a collection of national partnerships, closer together and is designed to help PwC spread its expertise from established centres, such as the US and the UK, into rapidly growing regions such as the Middle East, India and China.