In 1938 Walter D. Scott founded WD Scott & Co in Sydney, which by the 1960s had grown to become one of the largest management consultancy firms in Australia. The company specialized in business process improvement and performance improvement. In 1966, Sir Walter Scott was appointed as the Chair of the Decimal Currency Board by the Prime Minister, and WDScott (now one word without a space) was appointed to oversee the implementation of decimal currency in Australia. Today, WDScott operates as an Australian Pty Ltd company with offices in Sydney, Melbourne, Brisbane, and Canberra.