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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Tallat Mahmood appointed to corporate finance team of Top 20 firm
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Senior partner David Elliott has been appointed in KPMG’s Newcastle office