BusinessCorporate FinanceM&A partner cull at Ernst & Young

M&A partner cull at Ernst & Young

Big Four firm Ernst & Young has dropped six partners from its corporate finance practice, as the market continues to disappoint.

Link: Global M&A activity halves in 2003

The cull sees the number of mergers and acquisitions partners at E&Y reduce from 17 to just 11.

Ernst & Young blamed the move on the continuing depression within the general M&A market, but said it remained committed to M&A as part of its corporate finance offering.

‘By focusing on our core M&A team, we will maintain our presence and coverage in all our regional markets and industry groups and aim to increase our share of this market as conditions stabilise,’ the firm said.

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

9m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

9m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

9m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

9m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

9m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

9m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

9m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

9m Stephanie Wix, Writer