Ernst & Young has recruited Simon Cordier in a drive to bolster its financial services business. He is joining E&Y’s financial services advisory practice in Scotland as a director and will be responsible for leading the financial management (FM) team.

Cordier, who aims to double the size of the specialist team in the short term, noted the role of the CFO (chief financial officer) had never been more demanding. ‘There is a clear requirement from our clients to provide advice and guidance to support the varying needs of the CFO across their strategic and operational agendas,’ he said.

Gregor Stewart, leader of the E&Y financial services advisory practice in Scotland, said the financial services sector would continue to grow and be a key driver behind Scotland’s economic growth.

‘According to economic reports, the financial services sector in Scotland is growing at an average annual rate of 8.3%, enjoying faster growth than the rest of the UK. It is undoubtedly a key to Scotland’s current and future prosperity,’ he said.

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