Deloitte Romania has announced that Peter MacDonald has joined the firm as Audit and Assurance Partner to lead the Financial Services Industry Audit and Assurance practice.

MacDonald has provided audit and advisory services to a wide range of financial institutions, both in South Africa and abroad. His audit experience covers major commercial bank groups, local branches of international banks and smaller local banks as well as stockbrokers, investment funds and lease financing.

His advisory experience in banking and treasury related projects includes implementing new accounting standards, investigating bank failures, designing risk-based capital models, and several other risk areas. He has also served as treasurer of a major listed mining house, risk manager of a niche bank, and financial director of a retail supermarket group.

Alexandru Reff, Country Managing Partner at Deloitte Romania, said: “I am confident that with his substantial first-hand experience, Peter will contribute significantly to the consolidation of our continuously changing audit practice in light of today’s challenges clients are facing. I trust that his presence will inspire our younger colleagues in their professional journey to reach their potential to making an impact that matters in society and business.”

During the last seven years, MacDonald held leadership positions within a Big4 in South Africa. He was previously a partner at Deloitte in the CIS and partner at a Big4 in Ireland. He is a Chartered Accountant and holds a Bachelor of Commerce Honours in Financial Accounting as well as a Higher Diploma in Banking Law.

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