EY aims to treble strategy consulting practice by 2020
EY plans to grow strategy consulting practice to over 2,500 professionals by 2020, and appoints a new global leader for the business
EY has announced plans to grow its strategy consulting practice to over 2,500 professionals by 2020, and has appointed a new global leader for the business.
Jacques Mulder, who recently joined EY as global advisory industry & market strategy leader, will be tasked with completing the ambitious aim of growing the strategy consulting business from its current headcount of 900.
He joins EY from Deloitte Consulting, where he was national chief strategy officer for life sciences and healthcare and corporate strategy leader with responsibilities for global expansion in Africa, Asia, Europe and Latin America.
The fast-growing consultancy business has made 11 acquisitions across the globe in the last year alone. Four of the acquisitions specifically boosted strategy consulting capabilities, EY said.
“This year we announced revenue growth of over 14% and if we are to achieve our goal of being a $15bn (£9.4bn), distinctive advisory business by 2020, we will continue to build momentum in our strategy consulting practice by attracting deep industry strategy leaders like Jacques and driving both organic and inorganic growth,” said Norman Lonergan, EY’s global vice chair, advisory.
Britain’s largest firms have been steadily building their consulting capacity over the past year as fees from traditional audit businesses have stagnated.
PwC completed its acquisition of international consultancy business Booz & Co following regulatory and partner approval in April, while EY extended its consulting reach in July after it acquired consultancy business The Parthenon Group, which provides a range of strategic and transaction advisory services across the globe.