M&A partner cull at Ernst & Young

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.

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