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PricewaterhouseCoopers

Founders

Who Founded PricewaterhouseCoopers?

Samuel Lowell Price, William Cooper, Edwin Waterhouse, William M. Lybrand · Founded 1849 · HQ today: London, United Kingdom

Who founded PricewaterhouseCoopers?

PricewaterhouseCoopers was founded by Samuel Lowell Price, William Cooper, Edwin Waterhouse, William M. Lybrand in 1849. It is now led by Mohamed Kande.

Founders
Samuel Lowell Price, William Cooper, Edwin Waterhouse, William M. Lybrand
Founded
1849
Headquarters
London, United Kingdom
Number of founders
4
Current CEO
Mohamed Kande (since 2024)
Where was PricewaterhouseCoopers founded?
PricewaterhouseCoopers was founded in London, United Kingdom in 1849.
When was PricewaterhouseCoopers founded?
PricewaterhouseCoopers was founded in 1849.
Who started PricewaterhouseCoopers?
PricewaterhouseCoopers was founded by Samuel Lowell Price, William Cooper, Edwin Waterhouse and William M. Lybrand.
How old is PricewaterhouseCoopers?
PricewaterhouseCoopers is 177 years old as of 2026.

Founding Story

PwC's roots go back to 1849, when Samuel Lowell Price set up as an accountant in London as Britain's railway and joint-stock company boom created demand for independent auditors. Price partnered with Edwin Waterhouse and William Holyland in 1865, forming what became Price Waterhouse. William Cooper started his own London practice in 1854, later Cooper Brothers. In Philadelphia, William Lybrand and three partners founded Lybrand, Ross Bros. & Montgomery in 1898. Cooper Brothers and Lybrand joined as Coopers & Lybrand in 1957, and the two lineages combined in 1998 as PricewaterhouseCoopers.

Samuel Lowell Price

Co-founder 1849

Background

Trained as an accountant in London during the 1840s railway and joint-stock company boom, when demand for independent audits was growing.

Role at PricewaterhouseCoopers

Samuel Lowell Price (1821-1887) was an English accountant who opened a practice in London in 1849. In 1865 he went into partnership with Edwin Waterhouse and William Holyland, the firm that became Price Waterhouse & Co. That firm later opened in the US in 1890 and merged with Coopers & Lybrand in 1998 to form PwC.

His partners in the practice were William Hopkins Holyland and Edwin Waterhouse. Samuel Lowell Price was born in 1821.

William Cooper

Co-founder 1854

Background

London accountant with an early specialism in insolvency and liquidation work.

Role at PricewaterhouseCoopers

William Cooper founded an accounting practice in London in 1854 that became Cooper Brothers & Co. as his brothers joined. The firm was known for insolvency and audit work, and in 1957 it combined with Lybrand, Ross Bros. & Montgomery and McDonald, Currie and Co to form Coopers & Lybrand, which merged with Price Waterhouse in 1998.

William Cooper was born in 1826 in England.

Cooper was born in 1826 and died in 1871.

Edwin Waterhouse

Co-founder 1865

Background

Educated at University College London before training as an accountant.

Role at PricewaterhouseCoopers

Edwin Waterhouse (1841-1917) joined Samuel Lowell Price and William Holyland in 1865 in the partnership that became Price Waterhouse & Co. He became a leading figure in British accountancy and served as president of the Institute of Chartered Accountants in England and Wales.

Waterhouse was born on June 4, 1841 and died on September 17, 1917. Edwin Waterhouse was born in 1841.

William M. Lybrand

Co-founder 1898

Background

William M. Lybrand trained as a public accountant at Heins, Lybrand & Co. in Philadelphia before co-founding Lybrand, Ross Bros. & Montgomery in 1898.

Role at PricewaterhouseCoopers

William M. Lybrand was an American accountant who, in 1898, formed Lybrand, Ross Bros. & Montgomery with brothers Adam A. Ross Jr. and T. Edward Ross and Robert H. Montgomery; the four had trained together at Heins, Lybrand & Co. in Philadelphia. In 1957 the firm, Cooper Brothers & Co (UK) and McDonald, Currie and Co (Canada) came together as Coopers & Lybrand, which merged with Price Waterhouse in 1998 to create PricewaterhouseCoopers.

William M. Lybrand was born in 1867.

PricewaterhouseCoopers: CEO & Leadership History

Full timeline →

Mohamed Kande

Global Chairman

2024 – Present

Leads the PwC global network through AI investment, audit-quality focus, client reinvention, and professional-services market change. He began his four-year term as Global Chair on 1 July 2024, after serving as PwC's Global Advisory Leader since 2019.

Bob Moritz

Global Chairman

2016 – 2024

As Global Chairman, he successfully navigated the firm through the severe reputational fallout of the Australian tax leak scandal, forcing a complete restructure of the local partnership.

Samuel A. DiPiazza Jr.

Global Chief Executive Officer

2002 – 2009

He led the network through the reforms that followed the Sarbanes-Oxley Act. Dennis Nally succeeded him in 2009.

Keep researching PricewaterhouseCoopers

Who Founded PricewaterhouseCoopers? FAQ

Who were the historical founders of the firms that created PricewaterhouseCoopers?

PwC traces its origins to four pioneering British and American 19th-century accountants: Samuel Lowell Price (founded firm in 1849), William Cooper (1854), Edwin Waterhouse (1865), and the American founders of Lybrand, Ross Bros. & Montgomery (William M. Lybrand, T. Edward Ross, Adam A. Ross Jr., and Robert H. Montgomery in 1898).

When and where did Samuel Lowell Price establish his initial accounting practice?

Samuel Lowell Price opened his accountancy practice in London in 1849. In 1865, he formed a partnership with Edwin Waterhouse and William Hopkins Holyland, establishing the firm Price, Holyland & Waterhouse, which later became Price Waterhouse.

Who was William Cooper and what was the origin of Coopers & Lybrand?

William Cooper established his accounting business in London in 1854, joined by his brothers to become Cooper Brothers & Co. in 1861. In 1957, Cooper Brothers merged with the prominent US firm Lybrand, Ross Bros. & Montgomery and Canadian firm McDonald, Currie & Co. to create Coopers & Lybrand.

What role did Edwin Waterhouse play in shaping the modern auditing profession?

Edwin Waterhouse was a leading 19th-century accountant and President of the Institute of Chartered Accountants in England and Wales (ICAEW) from 1892 to 1894. He established rigorous auditing standards for booming Victorian railway, banking, and industrial enterprises.

Who were the four founders of Lybrand, Ross Bros. & Montgomery in Philadelphia?

In 1898, William M. Lybrand, T. Edward Ross, Adam A. Ross Jr., and Robert H. Montgomery founded Lybrand, Ross Bros. & Montgomery in Philadelphia, Pennsylvania. Robert H. Montgomery became a well-known authority on federal income tax law and accounting education.

When did Price Waterhouse and Coopers & Lybrand merge to create PwC?

Price Waterhouse and Coopers & Lybrand merged globally in 1998, creating PricewaterhouseCoopers, at the time the largest professional services firm in history, uniting over 140,000 professionals across 140+ countries.

What founding principles established by Price, Waterhouse, and Cooper remain core to PwC today?

The founding principles of unyielding professional integrity, rigorous empirical verification of financial records, public trust stewardship, and merit-based partnership development established in the 19th century remain foundational to PwC's corporate ethos.

How did the early founders contribute to global accounting institutions?

Founders Edwin Waterhouse, William Cooper, and Robert H. Montgomery were instrumental in founding primary professional accounting bodies, including the ICAEW in the United Kingdom and the American Institute of Certified Public Accountants (AICPA) in the United States.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.